The U.S. Department of Labor is expanding efforts to use technology to reach plan sponsors and other constituents to get its message out. On November 19th, the Department did an educational email blast to many sponsors of employee benefit plans that require audits, on the hot topic of audit quality and picking a qualified […]
Last week, the U.S. Department of Labor (the “DOL”) issued a damning report on its latest study of the quality of required audits of employee benefit plans. The report, titled “Assessing the Quality of Employee Benefit Plan Audits” can be accessed at the Department’s website, at www.dol.gov/ebsa/pdf/2014AuditReport.pdf. The DOL reviewed 400 audits out of the […]
The Department of Labor (“DOL”) issued Field Assistance Bulletin (“FAB”) 2013-02 on July 22, 2013, extending the deadline for plan sponsors to make their second round of required 404(a)(5) participant fees disclosures. The 404(a)(5) regulations, effective in 2012, required plan sponsors to provide certain fee disclosure information to participants by August 30, 2012. The regulations […]
