Agency efforts to enforce compliance with state and federal regulations are becoming increasingly more aggressive. It’s almost a certainty that any contractor working on a publicly-funded project will be audited.

The Department of Labor is adding 150 new investigators in its field offices and is hiring an additional 100 investigators to focus exclusively on contracts funded by the American Reinvestment and Recovery Act. With this heightened focus on compliance, it’s crucial for contractors to partner with experienced companies that can provide full-service compliance support.

Most contractors don’t realize the DOL has limited options once they determine an audit outcome.

Penalties for non-compliance may include:

Contractors who partner with The Contractors Plan receive unparalleled audit support at no additional charge. Our compliance officers meet with DOL representatives on a regular basis, and we understand what auditors expect to see during a review. We research and pull requested reports and documentation so questions can be resolved with little interruption to contractors’ work. As record keeper for your plans, we can quickly and easily verify deposits.

We have established relationships with both the IRS and DOL and can speak to them on your behalf to clarify the issue(s) they’ve raised. Our representative in Washington, DC can also speak to the auditor on your behalf if necessary.

Having a representative in Washington, DC allows us to keep our finger on the pulse of potential changes in industry laws and regulations, so we can be proactive and ensure the compliance of your plans.

Our clients receive quarterly updates on issues and trends which may affect their business. Compliance officers at The Contractors Plan are in regular contact with officials at the Department of Labor and the IRS, and we monitor developments on the state level as well. We’re committed to keeping you informed so you can make sound business decisions.