As of the date of this writing, we are nearly halfway through 2024 and as a result, employee benefit plan (EBP) auditors are getting ready for the ramp-up of the 2024 EBP audit season. In this report, we highlight key regulatory developments, discuss common errors that have been noted by the Department of Labor (DOL) on the Form 5500, and provide a reminder regarding delinquent versus deficient filers.
While we have mentioned this in our previous EBP report, we would