Standards and Requirements
The benefits your employees receive have the potential to affect their lives in profound ways. Because of this, certain benefit programs (defined benefit pension plans, cafeteria plans, etc.) are mandated by law to meet specific financial and operational requirements.
The Employee Retirement Income Security Act (ERISA) is a good example of how benefit plans are regulated by federal law. Enacted to secure plan assets and protect the interests of those the plan is designed to benefit, the act requires employers to periodically report key data to government agencies, participating workers, and their beneficiaries. In addition, it establishes strict standards of conduct for those who administer and have financial responsibility for the plan.
The reporting and record-keeping requirements of ERISA and similar laws are complex and often uncompromising. Employee Benefit Resources has an impressive track record of helping employers comply with these challenging regulations. We’d like to help your business as well.
Let us put our expertise to work for you.