Introduction

The 401(k) Fridays podcast offers companies of all sizes free strategic, educational and actionable content to improve  their retirement plans.  My name is Rick Unser and I am your host.  All episodes leverage my nearly two decades of experience working with employers to bring you candid interviews with industry experts, new best practices and valuable perspectives on current events.

Episode Description

We have a great episode to share with you today and it is a must listen if you are concerned about a DOL investigation of your 401(k) plan.  Our conversation is full of great information about how the DOL operates and how DOL investigations are triggered.  Be sure to listen for important steps you should take if you receive a  letter notifying you of a DOL investigation.  Finally, we close out the conversation with some recommendations and best practices to help avoid DOL investigations and minimize the severity of potential findings.  

Guest Bio

My guest is Sam Henson, VP – Director of Legislative & Regulatory Affairs for Lockton Retirement Services.  Sam also brings a unique perspective to our discussion today as prior to joining Lockton, he spent almost 10 years with the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), where he conducted more than 150 civil and criminal investigations of employee retirement and benefits plans, service providers, and fiduciaries.  He capped off his career at the DOL as the 2011 recipient of the Secretary of Labor’s Exceptional Achievement Award.  Needless to say, we are glad we have Sam on our side now and he is not out there banging down the doors of employers any more!

For more information, please visit www.401kfridays.com