ERISA Compliance

ERISA and ACA Compliance Services

ERISA sets minimum standards for retirement and health benefits plans.  
Are you in compliance? 

ERISA regulations have been expanded over the years to include additional health laws, including COBRAHIPAA and the ACA.  Many small businesses don't think that the Department of Labor (DOL) will target them for an audit, but there has been a noticeable increase in the number of small and medium-sized businesses receiving audit notices regarding ERISA and the ACA. 

Several Compliance Packages To Choose From


SBAM Premium members have access to free online and discounted ERISA audit help and ERISA compliance assistance through our expert partner, Kushner & Company.  

To sign up for the paid ERISA and ACA compliance consulting please complete the enrollment form and agreement and submit both to the attention of Kellie Neirynck, Director of Agent Services. 

Enrollment Form
Agreement

Questions?  Please contact Kellie Neirynck at (800) 362-5461 ext. 206. 


Paid Compliance Consulting Services

 

PACKAGES and COSTS


Do It Yourself (DIY) Workbook
Includes all Part I and Part II materials and one hour Q&A, via email or telephone, with Kushner & Company during the year (Part III)
First year subscription: $1,000
Second and subsequent years: $300


Full Package with Consulting

Includes all Part I and Part II materials, with consulting on each item by Kushner & Company
Unlimited Q&A with Kushner & Company during the year on any of the Part I or II items (Part III)
First year subscription: $2,500
Second and subsequent years: $1,500

 

IRS Form 5500
Preparation of one 5500 by Kushner & Company
One-time fee: $550


Measurement, Administrative, and Stability Periods 
Review and/or establishment of proper periods, for both current as well as new and variable hour employees (if purchased without either Package)
One-time fee: $1,000

 

Free Online Compliance Services

This is a convenient online service available to Premium members that includes checklists and resources to help you become and stay compliant.

Begin the do-it-yourself ERISA compliance process right now by clicking on each of the links below:  

29 EBSA Audit Questions 

Self-Assessment Checklist

ERISA Employer Responsibilities Grid

'Ask An Expert' Web Portal

In addition to the online services outlined above, Premium members also receive our free Guide to Understanding ERISA

 


ERISA Disclosure

ERISA rules and guidelines do not require an employer to establish a plan, but it does require employers that offer benefits to meet certain minimum requirements, and covers defined retirement plans (small business retirement plans), group health insurance and other welfare benefit plans including life and disability plans. ERISA also requires that individuals and other fiduciaries (employers) who manage plans must meet certain standards of conduct and provides for detailed requirements for disclosure of plans requirements, coverage options and more to both participants and the federal government.  The Department of Labor estimates that three out of four plans that underwent a Department of Labor ERISA audit had violation(s).  Base fines for an ERISA violation are $110 PER violation PER day.  What is involved in an ERISA audit?  Click here to find out.