DOL Cites “Serious Problems” With Benefit Plan Audits

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A Department Of Labor study found “serious problems” with nearly 40% of employee benefit plan audits.


In response, the Chief Accountant for the DOL has emailed a letter to plan administrators stressing the importance of selecting a qualified CPA who has expertise in benefit plan audits. Depending on your firm’s number of eligible plan participants, you or someone on your team has likely received the DOL’s email.¬†Please find a copy of the letter here.

Summit is very familiar with a number of experienced, qualified CPA firms that specialize in benefit plan audits. Please feel free to reach out to us with any questions or requests for referrals.

 

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