When an "official business" letter arrived from the U.S. Department of Labor for CaICPA's Group Insurance Trust in August 1997, we had no reason to suspect that it would represent the opening salvo of a more than three-year-long investigation. Its target, GIT, has been in place since 1959, providing group medical, dental, vision, disability and life plans to CalCPA member-owned public accounting firms, and had always diligently maintained proper business practices.
In March 1997, ...