Did you know: If you sponsor any Employee benefit Programs for your employees, then by default you have created a Health & Welfare Plan that must comply with the provisions of ERISA (Employee Retirement Income Security Act of 1974).
What is ERISA?
ERISA is the Employer Retirement Income Security Act of 1974. The provisions of ERISA fall under the Department of Labor, specifically, Title I, which established fiduciary and other standards for employee benefit plans sponsored by private sector employers.
Most carriers specifically state in their administrative guides that it is the Employers' responsibility to comply with all provisions of ERISA.
Compliance requires every health and welfare plan to have an executed and adopted written Plan Document in place, to create and distribute a Summary Plan Description (SPD) to all plan participants within the required timeframes, AND ERISA also mandates that numerous one-time and annual Employee Notices be distributed properly.
The fastest, easiest way to get compliant.
As your broker, we are dedicated to helping you get and stay compliant with the required ERISA documents & federal employee notices for your health & welfare benefit plan.
With the help of our sister company, Employer Compliance & Resource Center, we create and maintain company-specific plan documents and employee notices required by ERISA, and we do it within 5 business days.
Who are the Experts Behind Our Documents?
We have engaged and retained The Wagner Law Group to serve as an ongoing resource to our clients because of their stellar reputation and expertise in in the field of ERISA law.
The Wagner Law Group certifies our prototype documents for compliance with all applicable provisions of ERISA every 90 days!
New England Medical's sister company, Employer Compliance & Resource Center makes it easy to get your ERISA and Section-125 Compliance Package in just 5 business days!
The Compliance Package Contents
ERISA Compliance Package
Your Plan Document & Summary Plan Description with Model Employee Notices & distribution instructions.
We're here to help every step of the way for document tweaks, compliance questions, & access to legal experts.
24/7 Access to HR360 Library
Get the HR help you need & your business deserves with HR360. It's like having an HR Dept 24/7. [Read More]
Monthly HR Newsletter and Compliance bulletins to keep you up-to-date on changes & new PPACA provisions.
Your Compliance Binder Will Contain:
- ERISA Compliant Plan Document
- ERISA Compliant Summary Plan Description
- Instructions for Use & Distribution Requirements
- Hard Copy 3-Ring Document Binder