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July 27, 2015 | Theresa McDowell

EBP Compliance: Preventing Audit Deficiencies

Administrators of employee benefit plans (EBPs) have a responsibility to maintain the integrity of plan funds for the benefit of both the companies they represent and employee participants. EBP audits are designed to catch problems that administrators might not be aware of, yet audits themselves can lead to penalties, disqualifications, or impacts on participants’ tax returns if they don’t adequately identify issues that should be addressed. Read on »