Wendy McSheffrey quoted in Society for Human Resource Management Article
On November 8, 2019, Audit Manager, Wendy McSheffrey, was quoted in the Society for Human Resource Management article, ‘Correct Retirement Plan Mistakes Before They Soar out of Control.’ The piece explained how documenting steps taken to fix problems can help with audits. It is recommended that after an employer addresses any problems, everything should be documented. Wendy was quoted as saying, “I recommend writing a memo that explains the situation and steps taken to fix the error, and [includes] documentation showing it has been rectified. This should be kept on file in case there is a DOL audit [of the plan] in the future.”
Read the full article here.