Navigating 401(k) Plans and Department of Labor Audits - Featuring Expert Marc Fowler

In this episode, we dive into the complexities of 401(k) plans and the audits conducted by the Department of Labor (DOL). The Employee Benefits Security Administration (EBSA) is the group responsible for investigating and auditing 401(k) plans, which can be a significant challenge for plan sponsors.

Key insights discussed:

• EBSA’s investigations recovered an average of $573.5 million annually from FY2019-FY2023, with more than 65% of cases resulting in corrective action.
• This marks a significant increase from prior years, reflecting the growing impact of these investigations.

Join Brian, Ryan, and expert Marc Fowler from 401k provider Human Interest as they explore:

1. What triggers a DOL audit?
2. What happens during a DOL audit?
3. How can employers or plan sponsors prepare for these audits?
4. Who can assist with navigating a DOL audit?

Tune in for expert advice on ensuring your 401(k) plan stays compliant and audit-ready.

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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.

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The advisors of Ford Financial Group are Registered Representatives with and securities are offered through LPL Financial member FINRA/SIPC. Investment advice offered through Perennial Investment Advisors, a registered investment advisor. Ford Financial Group and Perennial Investment Advisors are separate entities from LPL Financial. Ford Financial Group, Perennial Investment Advisors, and LPL Financial do not provide tax advice or services.

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