Group benefits come with federal rules. We help you meet them.
ERISA is the federal law that regulates group-sponsored benefits. Get it wrong and the cost is real — government penalties and employee lawsuits. Our ERISA associates can handle the documents, forms and recordkeeping for you.
What ERISA requires
The Employee Retirement Income Security Act (ERISA) regulates "welfare benefit plans." It requires you to provide specific plan features and funding information, and in some cases to submit detailed information to the government. There are strict deadlines for disclosing plan information to eligible employees, and every sponsor administering an ERISA plan must follow a strict fiduciary code of conduct.
Non-compliance can mean costly government penalties and employee lawsuits. We can take that burden off your desk.
The pre-enrollment period
Plan ahead
Be ready for employee questions on health-care reform, list new enhancements, consider online enrollment tools, and track questions, preferred communication methods and selection trends. Survey employees and customize your offerings — including voluntary benefits.
Spread the knowledge
Hold meetings to review coverage options and changes. Offer information in multiple formats — one-on-one, benefit fairs, mailers and intranet tools — and share carrier/TPA materials, helpful phone numbers and websites.
Know your audience
Prepare for the most frequent questions from last year, create an FAQ sheet to distribute, post and email, and have clear answers ready for the basics like premium increases and new coverage options.
The enrollment period
Make sure every employee receives all enrollment materials — completely and on time.
Enrollment materials checklist
- Open enrollment schedule
- Statement of current coverage
- Plan-specific changes and rates
- Annual open enrollment checklist
Let our ERISA associates handle the paperwork.
Documents, forms, recordkeeping and deadlines — managed correctly so compliance never becomes a liability.