Overview of Benefit Plan Audits (Agencies Conducting Audits) -
..Internal Revenue Service (IRS)
– Reviews both health and welfare plans and qualified retirement plans
– Primary jurisdiction over qualified status of retirement plans
..Department of Labor (DOL)
– Reviews both health and welfare plans and qualified retirement plans
– Primary jurisdiction over the fiduciary standards, ACA reporting and disclosure requirements, and non-qualification matters
..Health and Human Services (HHS)
– Limited to health and welfare plans
– Primary enforcement of HIPPA requirements (Privacy, Security, and Breach Notification Rules) and ACA
Please see full publication below for more information.
