One of the most stressful things that an employer can deal with is an audit. There are many different types of audits, but you might hear from your clients most frequently with concerns about audits of their employee benefit plans.
The Department of Labor (DOL) has broad authority to investigate an employee benefit plan’s compliance with various federal laws, including the Affordable Care Act (ACA). Partly because of the requirements under the ACA, health plan audits are on the rise.
We can provide you with consultation to your audit, answer the requirements placed on your firm by the Department of Labor, work as an in-between to the DOL and prepare any written requirements, (for distribution to employees) that your audit may ask of you. Our clients exist to do their jobs on a daily basis. Simply put, if your staff is preoccupied with an audit, company work is not getting done.