AXIS Retirement Analytics’ Prepares Industry For The DOL Audit

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Webinar featuring leading ERISA attorney John Sohn of The Wagner Law Group provides practical advice for industry on compliance guidelines.

408(b)(2) - 408b2 - fee disclosure - anayltics - ERISA - EBSA

AXIS Retirement Analytics Platform

AXIS Retirement Analytics (, a platform developed by Castle Rock Innovations that provides Broker-Dealers, RIAs, Product Manufacturers and TPAs with the support needed to comply with the Department of Labor regulations 408(b)(2) and 404(a)(5) fee notifications, today announced results from their first in a series of webinars held to help industry prepare for the Department of Labor audit.

The webinar, which took place on October 17th, was led by Tom Loch of AXIS Retirement Analytics and supported by ERISA Attorney John Sohn from The Wagner Law Group, and discussed the DOL investigation process, including the reasons for initiating an investigation, best practices prior to and during an audit and the necessary steps to achieving compliance towards regulations. They provided several recommendations to keep in mind during the process, the key takeaways being:

  •     Develop formalized procedures for all client accounts subject to ERISA that document all client information
  •     Conduct your own internal audit to ensure compliance and take measures to benchmark against industry
  •     Take all legal measures permitted during the audit, including asking to bring in ERISA counsel and performing legal review of all materials

Several webinar attendees have commented on the presentation’s “great information” and gave their “appreciation and thanks” of the support in complying with regulations. The webinar slides are available for download at:

AXIS Retirement Analytics, which has developed a web-based platform that provides analytics and benchmarking to comply with 408(b)(2) and 404(a)(5) regulations, is providing this free series of monthly webinars designed to educate Covered Service Providers on various subjects related to regulations and compliance. The next webinar will take place on November 14, entitled: “Creating Benchmarking Services to Help Meet Fiduciary Requirements.”

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Holly Irgens
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