Using a third-party to audit your benefit plans? DOL says beware

by Jared Bilski

Most employers rely on the services of a third-party to ensure their benefit plans are in compliance with the host of applicable state and federal regs. But a new report suggests one particular type of TPA just isn’t hacking it.


The recent DOL Employee Benefits Security Administration’s (EBSA) report,  “Assessing the Quality of Employee Benefit Plan Audits,” found that just 61% of audits conducted by Certified Public Accountants (CPAs) fully complied with professional auditing standards or had only minor deficiencies.

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