Ensuring compliance with the Employee Retirement Income Security Act (ERISA) is crucial for employers to avoid hefty penalties. As we step into 2024, it's essential to stay updated on the adjustments to penalties and ensure your health plans [...]
Is your business exempt from filing Form 5500? The Form 5500 is an annual report that is filed with the Department of Labor containing information about the financial conditions, investments, and operations of a 401k plan. It [...]
How the Secure Act Revolutionizes Your Retirement: Unpacking the Details The Secure Act, or Setting Every Community Up for Retirement Enhancement Act, is a bipartisan reform bill that increases access to benefit plans and expands employee retirement [...]
Benefit plan penalties could soon see an upward adjustment to account for inflation. Most of these benefit plan penalties have not seen any updates for years. It is the duty of benefit plan managers to ensure that [...]
Compliance consulting services are a fact of life in the running of a business. Our benefit consultants group is prepared to assist you with all your compliance consulting needs. We hope you enjoy our post on how [...]
URGENT COMPLIANCE BULLETIN FOR IMMEDIATE RELEASE Date: May 20, 2021 From: Benefits Compliance Consultants ([email protected]) To: All Employee Benefits Agents and Plan Administrators Re: Department of Labor – “Request for Information and Required Response” [...]
As the IRS is expected to follow through on the ACA mandate fervently, it is critical that employers comply with the ACA process to avoid any penalties from the Internal Revenue Service. As per the mandate, companies [...]
Ever since the ACA came into being, a lot of organizations have always struggled to understand all the requirements and guidelines that came with it. It has always remained an issue for employers. Some companies, on the other [...]
With the economy at record highs, employers from all over the country are strategizing on ways to attract and retain prospective top talents for their companies. One of the most effective ways they do this is by providing [...]
New Electronic Disclosure Rules Proposed by the DOL and its DetailsThe Department of Labor has proposed that retirement plans would need to have a new safe harbor process for the electronic delivery of participant notices. This comes as [...]
“We recently became members of the ERISAlliance Network and could not be more pleased! We are so relieved to have a one stop shop for all of our benefits plan administration and ERISA compliance needs.”
“Thank you for helping Optiver, Inc… It is a big relief for them to be in ERISA compliance.
“Thank you very much for helping us navigate through this process. We are very pleased that we can now look forward to regular, timely Form 5500 filings. We have enjoyed working with you.”
“You did a great job on our Form 5500 preparation as usual… Now, that’s what we call service!”
“We cannot thank you enough for getting us in compliance. You were most accommodating and we wouldn’t have known what to do or where to turn without your guidance. We would certainly tell you to list us as a reference. We learned a lot from you and look forward to working with you again.”
“THANK YOU!!!! We want to thank you very much for the great work you did on our Form 5500 filing. You made the process painless. You were fast and efficient and you even got it filed before our deadline.”
“What a mess we had… Great job sorting through it all. Thank you for all of your hard work on our Form 5500 filing and plan document.
“I have worked with Benefits Compliance Consultants for about 18 months now. They made it so easy for me to learn about Form 5500’s so that I in turn could educate my clients about this important part of our industry. From the very first client they impressed not only us at Ameriflex, but our clients, with their expertise. I have been able to use their Form 5500 filing services product as a stepping stone to sell other products. While initially I acted as a middle man between their company and our client, I quickly built so much trust in them that I now refer people directly to them without hesitation. Just recently, they bent over backwards to assist one of my brokers out (during the busy season, no less), and it helped this client get out of a really tight spot. As the complexities and Form 5500 filing fees mounted for this client, they made sure that all parties were kept abreast of exactly what was going on with everything. Bottom line: I would recommend anyone to Benefits Compliance Consultants for help with their or their clients’ ERISA needs.
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