Let’s face it - employee benefit plan compliance is difficult. The rules are constantly changing, and the laws and regulations are complicated. There are some common mistakes that employers make when it comes to benefits compliance. These mistakes are correctable, but only if you know they exist. Waiting until the Department of Labor or the IRS points these mistakes out to you can have serious negative consequences. In this episode, we talk about employee benefit plan compliance with our guests Dana Scott Fried, Dale Vlasek and Colin Fitzpatrick Smith. We discuss common employer mistakes and their solutions, as well as what to expect in the event that you are audited by the Department of Labor or the IRS. We also talk about what employers should be doing now to prepare for upcoming changes in benefits laws and regulations, and how taking a proactive approach and self-auditing your policies and practices is the best way to stay ahead of benefits compliance problems.
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