The Memphis Office of CBIZ MHM hosted a lunch seminar on "How DOL Enforcement and Recent Litigation is Impacting Your Employee Benefit Plan."
Co-Presenters for the seminar included Linda Lauer, Co-Attest Practice Leader and Lead Managing Director, and Jennifer Kiesewetter, Attorney and Managing Partner of Kiesewetter Law Firm, PLLC.
Linda and Jennifer reviewed the recent Department of Labor (DOL) enforcement actions and court cases to help benefit plan sponsors develop best practices in plan administration. In addition, the presentation looked at how the DOL’s inspection of audit firms has impacted plan sponsors. According to a recent EBP Audit Quality Study published by the DOL, nearly 4 in 10 EBP audits in the 2011 plan filing year contained major deficiencies and failed to meet regulatory standards making it even more important for companies to conduct thorough due diligence when selecting an auditor for their plan.
For more information on recent DOL activity and how it impacts your employee benefit plan, contact Linda at 901.685.5575 or firstname.lastname@example.org.