Is your company's 401(k) a target of the Department of Labor or IRS? The answer could very well be a resounding yes and you may be a target.

The DOL and IRS have hired thousands of new agents to review and audit 401(k) plans beginning this year. Part of these new agents' training is focused on how they will plan their assault on your 401(k). That's right, your plan!

All 401(k) plans are a target, not just the ones that have complaints filed against them. That's the bad news. But here is the good news: Your plans are in a grace period. While the DOL and IRS are in training, you have an opportunity to fully review your plan to ensure you are compliant. The grace period will end somewhere around the third quarter of 2013. That's when we expect agents to begin their activity.