Reducing the Risk of Fraud in Benefit Plans

Some plan sponsors believe that their annual plan audit should catch any fraud that occurs in their benefit plans. While audits can sometimes be helpful in identifying irregularities, they aren’t specifically designed to detect fraud. It all boils down to implementing better internal controls to prevent fraud from occurring in the first place. In this latest article, learn about recent examples of benefit plan fraud and how you can take the steps needed to protect your benefit plan from fraudulent activity.