What is DOL Global Correction Enforcement?
Translation: The DOL audits one of your clients and finds they are not compliant and it is linked back to some operation your company provides for their plan. The DOL then audits ALL of your clients.
This is known as a “Global Correction” Approach.
Department of Labor officials have made it clear that with the passage of the CAA, enforcement of MHPAEA compliance and NQTL analysis are now at the top of their list. It is expected that every employer plan sponsor be able to produce a thorough report with supporting evidence of compliance.