The 3 top causes of DOL audits — and you can control just 2 of them
Few things strike fear in employers’ hearts like a DOL audit. After all, most of the feds’ investigations result in firms shelling out serious cash in fines or settlements or both.
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Learn MoreFew things strike fear in employers’ hearts like a DOL audit. After all, most of the feds’ investigations result in firms shelling out serious cash in fines or settlements or both.
The latest figures on the DOL’s 401k enforcement efforts give employers some compelling reasons to take a closer look at their retirement administration practices, as well as some clues on the types of issues that generally set the feds off.
Employers are well aware that the feds are aggressively looking into company-sponsored 401k plans for compliance issues. So it’s alarming to find out that the vast majority of plans the DOL looked at last year ran afoul of ERISA in some way.
When one now infamous CEO mentioned a few of his employees’ health conditions, it didn’t take long for the public outcry to come. Are people making too much of this CEO’s comments, or did he actually break the law?
It’s not uncommon for companies to offer their own stock as a major investment option in their 401ks. But the Supreme Court just agreed to hear a case that could change all that.
National polls say the race for the presidency is neck and neck. But an exclusive poll conducted by HR Morning shows a clear preference among HR pros.
Seems as though more young workers are serious about saving for retirement — because they’ve seen the struggles their Baby Boomer parents have gone through.
The IRS has completed compiling data from a 401(k) questionnaire it sent to 1,200 plan sponsors. The findings show what the most popular plan features are.
The Government Accountability Office is recommending the Department of Labor look to four countries for ideas on how to improve retirement accounts in the U.S.
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