Employer Payroll Audits

Employer Payroll Audits

The purpose of the audit program is to verify the accuracy of the reports and contributions submitted to the Funds and to determine that contributions have been properly remitted for all covered work. Covered work is any work performed which falls within the trade jurisdiction covered by a collective bargaining agreement. The Trustees must comply with the reporting requirements established by the Internal Revenue Service and the Department of Labor. The Trustees must also provide regular reports and notices to plan participants and their beneficiaries. The Trustees of the Funds are charged with the responsibility of collecting contributions belonging to the Funds. These audits are just one part of a collection policy that helps the Trustees fulfill their fiduciary responsibility.