Have you just cleaned up your fiduciary practices but have prior period issues that leave you exposed to regulators and lawsuits?
If an employer fixes an excessive fee problem, that is not the end of the process. There’s work left to do. The plaintiff lawyers and Department of Labor focus on prior years, not future years. The employer’s Form 5500, which is where the plaintiff lawyers and the DOL get their information, tells the story of prior years, not future years. We perform risk management services for all open prior years to ensure that the past does not come back to haunt the employer.