General News

DOL Audits

General News|Aug 05, 2019

U.S. Department of Labor (DOL) audits of welfare benefit plans are happening with greater frequency to every size company. Reasons for a DOL audit include:

  • Complaints by welfare benefit plan participants to the Employee Benefits Security Administration (EBSA), the DOL agency responsible for administering and enforcing the provisions of Title I of the Employee Retirement Income Security Act of 1974 (ERISA).
  • Inaccurate or late filings of the Form 5500 Annual Report
  • National enforcement initiatives investigating compliance with ERISA and the Affordable Care Act (ACA)
  • Transfer of cases from the IRS to the DOL
  • Random selection

This section covers the following topics to help you prevent, and be prepared for, a DOL audit:

Published by

Jessica Cheney

Jessica Cheney

Jessica Cheney is the Vice President of Benefits for Arcwood Consulting. She is responsible for overseeing all aspects of our clients from quoting, onboarding, renewal, compliance and ensuring we are meeting and exceeding our client and company goals. Her vast knowledge of the industry and employers allows her to oversee the processes and ensure our clients’ needs are met. Jessica began her career in 1993 at BlueCross and BlueShield of Arizona and then joined Black Gould and Associates, a large general agency where she worked with carriers, agents and clients implementing and servicing large employers. Jessica joined Arcwood in 2005. In addition to holding her Accident/Health and Life Producer license she has the REBC (Registered Employee Benefits Consultant) designation and certifications in HIPAA (Privacy and Security), Benefits Account Management, Patient Protection and Affordable Care Act (PPACA), Self-Funding, Voluntary Worksite and Wellness. Jessica also serves as President on the board of the Greater Phoenix Association of Health Underwriters (GPAHU). Personally, Jessica, being an Arizona native enjoys outdoor activities such as hiking, biking, camping and attending sporting events with her family.