When offering a benefit program employers assume regulatory responsibilities that have potential liability if not properly fulfilled. Failure to comply with compliance requirements can result in substantial financial penalties, via government fines and/or employee lawsuits.
Employers must know the guidelines and then keep up to date on changes to those guidelines. They must have procedures in place to assure each detail is handled at the appropriate time.
We take an active role in providing compliance assistance, streamlining the functions and keeping you up-to-date with government regulations that affect the employee benefit program. Our compliance division includes various legal sources to assure you are provided with the most up-to-date and accurate information.