The Department of Labor (DOL) in conjunction with the IRS has started audits for all businesses with benefit plans in place for ERISA compliance.
• Businesses with two or more employees are subject to an audit
• TASC a compliance expert company can provide information on ERISA compliance
• Gallen Insurance highly recommends all employers take steps to protect against non-compliance issues generated by an audit.
ERISA is a federal law regulating group-sponsored benefits. With audits on the rise, it is more important than ever to trust a compliance expert. Employers face strict deadlines for disclosing Plan information to eligible employees, and all sponsors who administer ERISA plans must follow a strict fiduciary code of conduct. You may be at risk and not even know it! Failure to comply with ERISA’s requirements can mean costly government penalties, even employee lawsuits. Let TASC ERISA take care of all the necessary documents, forms, and record keeping for you.
TASC takes the worry out of benefit plans. TASC offers far more than just document generation. Our ERISA compliance offering is backed by more than 75 years of industry experience with experts and in-house legal counsel who assist in preparing documents accurately. In addition, we offer flexible Plan Designs, robust services that are all performed in-house, free PCORI services, free monthly webinars addressing ERISA/FMLA/COBRA compliance, and a Hold-Harmless Agreement of up to one million dollars.
ERISA Services and Options
• Prepares all required documents including.
• Handles required ERISA and Healthcare Reform Notices for eligible employees (optional, for an additional cost).
• Provides assistance during a DOL audit.
• Ensures timely disclosure of Plan changes to employees.
• Monitors legislative and regulatory changes, ensuring the Plan is up-to-date.
• Automatically distributes to Clients all amendments due to regulatory updates
• Maintains all required records for the mandated amount of time.
• Offers free instruction regarding required on-site record keeping.
• Provides Medicare Part D Notices (optional, for an additional cost).
• Non-Discrimination Testing (optional, for an additional cost).
• Offers free PCORI compliance services!