What Happens If You Don’t File Form 5500? Avoid the Compliance Monsters This Halloween!It’s Halloween season, and while you might expect ghosts and ghouls around the corner, the real fright for businesses comes in Form 5500 penalties! Failing [...]
As we approach the end of 2024, businesses must be aware of upcoming Department of Labor (DOL) audits and compliance mandates that could impact their benefits plans. Ensuring your benefits plan complies with these new regulations is [...]
Evolution of ERISA Regulations ERISA regulations are continuously evolving. Recent changes have introduced new compliance requirements, and future amendments are anticipated to further refine fiduciary responsibilities and reporting standards. Staying ahead of these changes is critical for [...]
What is PCORI? The Patient-Centered Outcomes Research Institute (PCORI) is an independent, nonprofit organization established by the Patient Protection and Affordable Care Act (ACA) in 2010. PCORI's primary mission is to fund research that provides patients, caregivers, [...]
When managing a business with employee benefits, understanding the necessity of "Filing Your Business Form 5500" is crucial. This form ensures the government can verify that companies are properly managing their employee benefit plans. Although filing this form [...]
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 [...]
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 [...]
Understanding Plan Documents And ERISA benefits compliance in a blog post.What are Plan Documents?Plan documents are crucial in describing the terms and conditions of any given plan’s model of administration and operation. They are vital requirements for each [...]
Want Form 5500 Answers?The Form 5500 series is a joint development by the DOL, the IRS, and the PBGC. It is a series of returns used to register information on employee benefit plans. Created as a disclosure tool and document, [...]
What is Form 5500?This is an annual report that your business needs to file with the Department of Labor (DOL) to report information about your 401(k) plan operations, investments, and financial conditions. In general, if you have a [...]
“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.
Ensure ERISA Compliance With Ease. Contact Us Today!
