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For companies that provide employee benefit plans (EBPs) for more than 100 individuals, the U.S. Department of Labor requires an EBP audit from an independent party. An audit is a critical feature in the process of establishing credibility and assurance that your employee benefit plan is in compliance with applicable laws and regulations.
An audit of an employee benefit plan involves the examination of financial statements provided by a third party to the DOL, plan management and plan participants. The primary focus of an EBP audit is to accurately gauge the ability of the plan to cover current and future benefits and payments.
WHERE: Virtual—register today.
David Colgren, Colcomgroup, Inc.
Email | (917) 587-3708