401(k) Audits, Exploring Truths and Myths
In my conversation with John Russon, Partner at Pension Assurance I learned several things that could benefit employers as they think about their 401(k) audit. The DOL is keenly focused on and are concerned about the quality of retirement plan audits. Click here to read the DOL Retirement Plan Audit Study. RFPs for retirement plan auditors will become a more common strategy to screen and select auditors going forward. Companies that are growing and approaching the participan
The DOL and your 401(k) Plan
One of the proverbial retirement boogiemen that many employers are concerned about is the Department of Labor (DOL). For many employers, their fear is driven largely by the unknown or lack of familiarity with the DOL and their practices, motivations, etc. In my discussion with Sam Henson, an ERISA Attorney and prior DOL investigator and now VP of Regulatory and Legislative affairs with Lockton Retirement Services I picked up several interesting tidbits that could help emplo
