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DOL Audits

DOL AUDITS ON THE RISE

The Department of Labor (DOL) has broad authority to investigate or audit an employee benefit plan’s compliance with the Employee Retirement Income Security Act (ERISA). Audits are performed by the DOL’s Employee Benefits Security Administration (EBSA). To perform these audits, EBSA employs over 400 investigators working out of field offices, many of whom are lawyers or CPAs or have advanced degrees in business and finance.
Did you know that the Department of Labor (DOL) can audit an employee benefit plan’s compliance with the Employee Retirement Income Security Act (ERISA) and the Affordable Care Act (ACA)? Now that the DOL has started enforcing compliance with the ACA, health plan audits are on the rise.

Do you know how to minimize the risk of your organization being selected for an audit and are you providing all the required disclosures to your plan participants?

Robert C Placak & Associates has created a DOL Audit Guide for Employee Benefit Plans to assist employers in preparing for an audit.
If you are interested in learning more about what we have to offer please contact our benefit specialists today. (415) 507-1440 or RCPOperations@placak.com.

Transition Policy for Canceled Health Plans

Click here for full article. The Affordable Care Act (ACA) includes key reforms that create new coverage standards for health insurance policies, beginning in 2014. For example, effective for 2014 plan years, the ACA imposes modified community rating standards and requires individual and small group policies to cover a comprehensive set of benefits. Millions of […] Continue reading →

Employer Mandate Final Rules

Click here to read full article   Final Employer Shared Responsibility Regulations Issued Provided by Robert C Placak & Associates Insurance Services The Affordable Care Act (ACA) imposes a penalty on large employers that do not offer minimum essential coverage to full-time employees and their dependents. Large employers that offer this coverage may still be […] Continue reading →