An Employee Benefit Plan Audit should not be taken lightly. The DOL is continually increasing the number of audits they perform annually and your business could be next. The DOL has the authority to seek criminal penalties against any person who willfully violates certain provisions so selecting an auditor that is qualified for the job is critical.

Below are important questions to ask your Auditor:

• Do you have experience auditing employee benefit plans?
• How many employee benefit plans does the firm audit?
• Is the auditor a member the American Institute of CPAs Employee Benefit Plan Audit Quality Center?