AVOID HEFTY FEDERAL FINES WHEN OFFERING BENEFITS
 

ABOUT BCP

Failure to meet even one ERISA reporting and disclosure requirement can cost thousands in penalties and lawsuits. Three out of four employers are not maintaining sufficient plan documents or providing employees with SPDs.  ERISA provides significant protections for participants in employee welfare benefit plans and their beneficiaries. ERISA imposes a variety of reporting and disclosure requirements on administrators of welfare benefit plans. These requirements mandate that certain financial and other plan information be reported to the Internal Revenue Service (IRS) & the Department of Labor (DOL) and be disclosed to plan participants and their beneficiaries. BIG-HR's Benefits Compliance Package allows you to improve compliance, simplify administration & protect your company and benefits.

Examples of company programs and benefits subject to ERISA:

  • Medical Insurance

  • Dental & Vision

  • Hospice Care

  • Flexible Spending Accounts (FSA's)

  • Wellness & EAP Programs

  • Health Reimbursement Accounts (HRA's)

  • Severance Insurance Policies

  • Voluntary Benefits

  • Retirement Plans

BCP

ERISA Compliance

SPD Creation

Wrap Documents

Proof of Delivery

​Enrolling in the BIG-HR Benefits Compliance Package allows us to:

HOW BIG-HR CAN HELP

  • Provide ERISA FAQs guide to help guide HR and management through the requirements of ERISA.

  • Provide ongoing ERISA consulting and support for questions and benefit situations as the arise.

  • Creation of ERISA Wrap Plan Document

  • Creation of ERISA Summary Plan Descriptions

  • Creation of Summary of Material Modification (SMM)

  • Furnish via First Class Mail plan participant guides and SPDs as required under Federal ERISA Laws

  • Maintain Proof of Mail records for all required SPD notices.

  • Collect and process and ERISA Plan Document or SPD Updates and Changes as needed.

  • Provide HR education through free seminars and educational workshops

  • Support clients through the ERISA Process

  • Create and Provide Cafeteria 125 Plan POP Documents

  • Annual Benefits Notices creation & distribution services.

  • Benefits Distribution: initial mailing & electronic version for inclusion in New Hire onboarding.

I found BIG-HR on the internet. After talking with them several times and discussing our needs, we signed on. In the short time we have been with BIG-HR, we have found an enjoyable, even fun, relationship.

-Trisco Systems Inc.

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© 2019 by BIG-HR

6000 Lombardo Center Suite 145

Seven Hills, OH 44131