If the last few years were an age of reform, then weve definitely entered a new era a time of compliance. Perhaps the most obvious looming compliance concern is the potential for clients to experience a U.S Department of Labor audit. From financial and benefits experts to the National Association of Health Underwriters government relations team, the industry agrees that there are more auditors in the field knocking on employers doors than seemingly ever before.
I think clients are going to be subject to random tests, says Perry Braun, executive director of Benefit Advisors Network. Today, smaller employers are subject to similar tests [while] larger employers were traditionally a target.
