Archived Insight | March 4, 2019
Despite changes and challenges the Departments of Treasury (IRS), Labor, and Health & Human Services may face as reported in the news, those agencies still monitor compliance with their various rules and regulations.
Health and retirement plan sponsors need to understand that even simple errors or omissions can result in substantial costs, fines and interest. The best way for plan sponsors to avoid problems is to be proactive in their approach to reporting and disclosure obligations and their plan documents.
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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.
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