Employee Benefits

Employee Benefits

Our Employee Benefits Difference

Employee benefits are an important part of any business. It is key to provide benefits to your employees that strike the balance between being cost effective and being competitive with employers in your area and industry. We understand benefits can represent a significant cost – and we work with our clients to provide choices and the most competitive programs available. Often times we are able to save our clients substantial amounts on their benefits costs simply by performing a comprehensive review.

Our experienced and dedicated benefits professionals can assist in the evaluation, design, implementation, and ongoing monitoring of your employee benefits programs.

Employee Benefits Compliance Solutions

The risks and associated penalties for non-compliance with federal and state laws can be significant. We take a proactive approach to addressing potential exposures so you can meet compliance obligations with confidence.

Here are a few ways we can help with employee benefits compliance.

DOL Compliance Guide

We will provide your team with knowledge, tools, and sample notices to determine your preparedness for a DOL audit. Our easy to follow system explains the ERISA requirements and provides a framework for documenting your compliance procedures.

Form 5500/SAR Preparation and Review

We will review your most recently filed IRS 5500s to ensure that the benefit items are communicated and reported in a consistent manner. We will convey any identified deviations and recommend corrective action if necessary. For future filings, we will prepare signature-ready 5500s (including e-file), Summary Annual Reports and guidance for distributing the required documents to your plan participants.

Affordable Care Act (ACA) and Healthcare Reform

Our compliance team will assist you in assessing your compliance with ACA requirements including affordability thresholds, safe harbor methods and eligibility criteria. We will assist you in assessing your risk of Employer Shared Responsibility penalties and review your previously filed 1094-B/C and 1095-B/C forms for accuracy. As new legislation and regulations are enacted, we will also guide your organization through the new rules as they become pertinent.

Cafeteria Plans

As a plan sponsor, your section 125 cafeteria plan provides tax advantages to your employees and the company. We will guide your team in ensuring that your cafeteria plan document is up to date and accounts for all of your tax-favored benefits. If your current document is insufficient, we will assist you in preparing an updated document.

Legislative and Compliance Updates

We have access to a wide variety of resources, tools, and services that can be tailored to meet your compliance information needs. Our services range from periodic newsletters to in-depth research on specific issues, with the goal of providing your organization with the tools to address benefit and HR concerns.

Solutions We Provide

Employee Benefits

Comprehensive consulting and planning for competitive and cost-effective employee benefits strategies. We evaluate all aspects of your plans to ensure that you have the most competitive programs for your industry. We utilize available benchmarking data to formulate the types of plans and contributions to attract and maintain employees. We also work with you to explore the most appropriate funding alternatives to maximize your organization’s investment in the benefit programs.

Executive Compensation

Services to help attract committed and experienced executive talent to unlock business success. Through the use of supplemental benefits we work with you to protect and reward your most valuable employees.

Human Resource Support

A comprehensive approach to human resources and benefits integration. We offer our clients a broad range of tools and resources to support the HR functions.

HR and Benefits Administration Technology

Guiding you and your team through constantly evolving regulations, our dedicated benefits professionals can provide guidance for evaluating and implementing integrated payroll and benefits administration platforms that include paperless enrollment and employee self-service

Voluntary Benefits

Helping you navigate complex benefits programs to attract and retain the best talent. We work with you to round out your benefit offerings through the use of employee paid voluntary benefits to address the needs of your specific employee population

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