View On Demand: Top 10 Retirement Plan Red Flags That Can Get You Sued (or Audited)!

It's not as simple as it should be to sponsor an employee retirement savings plan. What's worse, the Department of Labor (DOL) activity is up! The DOL reports that in 2018:

  • 6.5 out of 10 investigations resulted in penalties or corrective action
  • $1.6 billion has been recovered on behalf of plan participants - a 45% increase over 2017

And that is just the DOL. The IRS can audit your plan and assess penalties and civil suits may also be brought by plan participants.

What's worse is that you, as a fiduciary, can be personally liable for plan losses! The good news is that this is easily avoidable with a solid fiduciary system in place.

Join Carol Buckmann of Cohen & Buckmann PC and Bob Herdoiza of Stonebridge Financial Group, as they discuss red flags that can get you into trouble and what you can do to minimize your risk of litigation or audit.