Is Your Company in Compliance?
The Employee Retirement Income Security Act of 1972 (ERISA) contains a set of guidelines that govern employer-sponsored benefit plans. For many employers, those guidelines are nothing more than an impossible set of hoops to jump through, and often result in hefty fines.
The absence of an experienced professional who has the knowledge, qualifications, and time necessary to maintain your ERISA compliance is a common problem companies have. Anything less than a full-time employee dedicated to the documentation, maintenance, and distribution of ERISA paperwork can equate to undertaking unnecessary risk.