Preparing Your Apprenticeship and Training Funds for DOL Audits

The Department of Labor ("DOL") is targeting Apprenticeship and Training Funds for audits.  As part of a nationwide initiative, the DOL's Employee Benefit Security Administration has more than 200 active audits of apprenticeship funds.  The DOL is scrutinizing the expenditures of apprenticeship funds to uncover any potential violations of ERISA's prohibited transaction rules and breaches of fiduciary duty.  Once an audit is initiated, all of the apprenticeship fund's records, such as Form 5500s, office leasing arrangements, credit card and other expenditures, and expense policies, are subject to review and examination for reasonableness.  For more information regarding what an Apprenticeship and Training Fund could expect in a DOL audit, and guidance for what you can do now to survive a future DOL audit, please contact your Trust Fund counsel.

Ashley K. Ikeda

Legal Developments

• Private Sector
• Public Sector
• Employee Benefit Plans
• Post-Judgment Collection Options - Abstracts of Judgment and Judgment Liens
• ERISA’s Free Look Rule
• Demonstrating an Illegal Double-Breast
• Guidance on W-2 Health Coverage Reporting:  Multiemployer Plans Exempt, Single Employer Plans Limited
• New California Law Protects Health Coverage During Pregnancy Leave
• HHS to Shift More Control to States to Implement Health Care Reform
• Early Retiree Reinsurance Program to deny reimbursement for claims incurred after 2011
• New Participant Disclosure Requirements effective April 2012
• New Service Provider Disclosure Requirements effective April 2012
• Preparing Your Apprenticeship and Training Funds for DOL Audits
• Ninth Circuit Mandates Stricter Standards for Mental Health Parity
• New Accounting Disclosure Standards for Employers Participating in Multiemployer Plans
• Affordable Insurance Exchanges under the Affordable Care Act
• Coverage of Preventive Health Services under the Affordable Care Act
• New Pension Funding Relief Act
• Information to Be Supplied to Employers and Unions Upon Written Request