For years, employers seemed to only be concerned with IRS audits of their employee benefit programs. Now, the US Department of Labor (DOL) has added thousands of field agents to begin looking specifically at health and welfare plans as well as retirement plans sponsored by employers. As the agency responsible for overseeing the Employee Retirement Income Security Act (ERISA) and many parts of the health care reform law known as the Affordable Care Act (ACA), the DOL is now showing up in employers’ offices and conducting audits. Not to be left on the sideline, the IRS has ramped up it audits of compliance with both ACA-required annual filings as well as retirement plan irregularities.
In order to avoid (or survive) a DOL or IRS audit, there are 11 areas of concern that employers must address. Kushner & Company has the expertise to assist organizations in ensuring that its plans are in compliance with the Internal Revenue Code, ERISA, and the ACA and all of their related regulations, and that it has fully documented all of those compliance efforts. Using our comprehensive and frequently updated ERISA-ACA Workbook, on either a “do-it-yourself” basis or one where one of our nationally recognized compliance consultants walks through it with you step-by-step, Kushner & Company is there to assist in making sure your plans are fully compliant.