Department of Labor audits of employee benefit plans are on the rise and experts agree benefit advisers should be preparing their employer clients now for that impending knock on the door.
The Affordable Care Acts reporting requirements have brought increased scrutiny of employer-sponsored health care plans and the government is largely expected to respond to anomalies or red flags with an employer audit. But industry experts agree the government wont limit its inquiries to ACA-related information only, and employers should be prepared for full-blown audits of health care plans.
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