Fit Small Business: Get Your Business Into Shape! › Forums › Small Business Finance Forum › Regarding Plan audits › Reply To: Regarding Plan audits
Hi John,
It could depend on your agreement with the 3rd party administrator. Many agreements will say exactly what you’re indemnified for. Generally, I would say that you have a legal claim against them as long as you can prove their recommendation and how following that advice led to some type of monetary claim against you. Good luck!
Best,
Jeff