As the holiday season approaches, many businesses find themselves juggling year-end tasks while preparing for the festive rush. One thing that should never be left off your plate? Benefits compliance. From Form 5500 filings to ERISA requirements, [...]
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 [...]
The Department of Labor (DOL) has introduced a new cross-reference plan inquiry process, and it’s making waves in the world of employee benefits compliance. This significant move marks the first time the DOL is leveraging electronic filings [...]
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, [...]
Ensuring compliance with the latest ERISA regulations is crucial for plan fiduciaries to protect retirement investors and adhere to the highest standards of care and loyalty. Below are key updates and best practices to help you navigate these [...]
The Patient-Centered Outcomes Research Institute (PCORI) fee is a crucial part of the Affordable Care Act (ACA), designed to fund medical research through the PCORI Institute. For employers and plan sponsors who had a self-insured medical plan [...]
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 [...]
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 [...]
“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.”
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“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.”
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“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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