HR Management and Compliance
Human resources is comprised of a wide variety of company responsibilities. Each benefit your company provides requires a unique set of paperwork. Strategic Benefits Solutions' administrative services were created to help you simplify processes.
In addition to the services listed here, ask us about general human resource consulting, time and attendance systems, Section 125 administration, premium only plans, reference and background services, and Bureau of Workers Compensation rate pooling.
An ERISA-covered group health plan is an employment-based plan that provides coverage for medical care, including hospitalization, sickness, prescription drugs, vision, or dental.
New healthcare regulations have created an aggressive audit environment. Approximately 16,500 auditors have been hired by the IRS to conduct ERISA audits. Of audited plans,75% violate ERISA, and 70% of plans end up with fines up to $100 per day per affected employee. For a 55 person health group, the fines could total $110,000 in one month after being audited.
Our team will
determine the number of employees affected by your health plan,
create all the required documents, and
provide regular updates about new compliance issues and reviews documents accordingly.