2022 Trust Forum Presentations

Internal Use Only

DOL Investigations – What Happens?

• DOL investigations begin with the issuance of a notice requesting various materials and information from a plan or service provider. • The notice will often include a warning that if a plan or service provider does not respond by a specified date, the DOL will appear onsite at the recipient’s office to examine documents.

Internal Use Only

DOL Investigations – What Happens?

• Among other materials, the DOL regularly requests: • Plan documents and trust agreements. • Investment policy statement. • Service provider agreements. • Fiduciary meeting minutes and other materials (reports, presentations). • Plan census information. • Fidelity bond and fiduciary liability insurance policies. • …and information about YOU – state examinations!