Keith McMurdy authored the Pension Plan Fix-It Handbook article, "Finding a Needle in a Stack of Needles: DOL Makes Hay on Bad Plans." Full text can be found in the May, 2015, issue, but a synopsis is noted below.
There are more 600,000 retirement plans, millions of health plans, countless welfare plans, etc. The U.S. Department of Labor (DOL) states that the Employee Benefits Security Administration looks over all of these plans.
It is very important to correct your plans before being corrected by these investigators. Confessing the mistakes early prevents the costs and allows for better control when it comes to the correction process.
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