In 2011, the DOL conducted 3,472 civil investigations. Their findings led to the collection of $1.38 Billion through plan restorations, fines, and penalties.
A very small percentage of plans are true “bad guy situations.” The majority of violations generally come from oversight, errors, and omissions by Plan Sponsors.
After watching this video, you’ll learn:
- a key rule by the DOL rule that Plan Administrators misinterpret
- what “keeping your Plan clean” means
- how you can prevent basic plan management mistakes