The Department of Labor (“DOL”) routinely opens investigations of fiduciaries to plans covered by the Employee Retirement Income Security Act of 1974 (“ERISA”) and service providers to those plans to determine whether any person “has violated or is about to violate” Title I of ERISA. Understanding the process can help reduce the administrative burden and cost as well as reduce stress associated with a DOL investigation.
Thomson Reuters published an update to the article, “Guide to Dealing with Department of Labor Investigations of Retirement Plans,” originally published by Practical Law and co-authored by Groom principals Michael Kreps and George Sepsakos. In the article, Kreps and Sepsakos offer current guidance on the DOL’s enforcement authority and investigative process, what to expect during an investigation, and tips for managing the process.
To read the article, click here.
