Welcome to the ERISA Advisory Group
Since 1995, our Independent Fiduciaries and Consultants have been helping businesses across the United States stay ERISA compliant. Whether your organization offers Retirement Plans, or Health & Welfare Plans covered under the Employee Retirement Income Security Act of 1974, our team is uniquely qualified to both design your plan and maintain compliance with the law.
Welcome to the ERISA Advisory Group
Since 1995, our Independent Fiduciaries and Consultants have been helping businesses across the United States stay ERISA compliant. Whether your organization offers Retirement Plans, or Health & Welfare Plans covered under the Employee Retirement Income Security Act of 1974, our team is uniquely qualified to both design your plan and maintain compliance with the law.
What We Do
The ERISA Advisory Group has extensive experience in all aspects of employee benefit plans. Now more than ever, a fiduciary review of all benefit plans is essential to staying fully compliant. A strong fiduciary partner is critical of qualified plan management. The ERISA Advisory Group is your strong partner with comprehensive strategies to ensure you will always be compliant across all ERISA regulations.
ERISA INSIGHTS
Our ERISA Insights blog is your go-to resource for up to date information and analysis on ERISA rules & compliance issues. Every month, we publish stories about the DOL’s latest findings when investigating companies in your industry, as well as articles breaking down some of the lesser-known (and rarely talked about) best practices for operating employee benefit and retirement plans. Click the button below to start reading!
ADVICE AND GUIDANCE
Who We Serve
ADVICE AND GUIDANCE
Who We Serve
See Why Our Clients Value Us
“William, [President of the ERISA Advisory Group], has a strong background coming out of the Department of Labor. He has expertise in the area – the necessary experience to do not only the RFP process but also be able to analyze them and put together the proper documentation to support his recommendation that he makes to the Board of Directors.”
– EXECUTIVE DIRECTOR OF A BONA FIDE TRADE ASSOCIATION
The core principle behind our practice as Independent Fiduciaries is trust. Like a good accountant or lawyer, the fiduciary in charge of your employee benefit or retirement plan needs to be someone who is reliable and trustworthy. At the ERISA Advisory Group, our clients value us because we always answer your phone calls, provide solutions to problems, and deliver on our promises.
As Independent Fiduciaries, one of our highest values is placed on a principle known as the “Prudent Person” rule. This rule binds us to using our expertise in ERISA compliance and employee benefit best practices when offering advice or making decisions on behalf of your plan. In other words, we would never tell you to do something that we wouldn’t do ourselves.
Our independent relationship as your ERISA Fiduciary is crucial to maintaining the integrity of your plan. The ultimate fiduciary responsibility in operating a Health & Welfare or Retirement Plan lies in making decisions that put the interests of plan participants and beneficiaries above those of your organization or plan fiduciaries. This is the undergirding principle behind our practice, and is effective in protecting against self-dealing and other prohibited transactions.
Latest News from the DOL
Stay up-to-date with the latest news on the policy, legislative, regulatory, and litigation-driven changes to scopes of fiduciary status and ever-increasing fiduciary duties and requirements.
- Ohio painting company pays $30K in child labor penalties for employing 17-year-old teens to paint houses, work from roofs
- Department of Labor holds PrimeLending vice president, managers liable after employees fired for reporting consumer fraud concerns
- Department of Labor recovers nearly $100K in wages, damages for 31 misclassified Oklahoma construction workers
- El Departamento de Trabajo recupera casi $100K en salarios, daños y perjuicios para 31 trabajadores de construcción en Oklahoma
- Court orders Minnesota carnival operators to pay $146K in back wages to temporary foreign workers denied wages, $63K in civil money penalties
- US Department of Labor awards $175K to continue support of temporary employment, assistance in Mississippi after severe storms, tornadoes
- US Department of Labor investigation of employee’s severe injuries finds Ohio manufacturer failed to correct similar hazards cited in 2022
- Federal court forbids Framingham restaurants, owner from threatening workers during US Department of Labor investigation, litigation
- ICYMI: Acting Secretary Su’s op-ed reflects on workers movement on 113th anniversary of Triangle Shirtwaist factory fire
- US Department of Labor investigation finds HBD/Thermoid again exposed employees to unsafe conditions, proposes additional $321K in penalties
- Investigation recovers $560K for workers denied full wages, benefits by District of Columbia behavioral health department’s group homes provider
- US Department of Labor awards more than $2.9M for continued support of clean-up, recovery after Northern California’s 2021 wildfires
- US Department of Labor to open online portal April 1 for federal contractors, subcontractors to certify affirmative action program compliance
- US Department of Labor requires Tennessee parts manufacturer to turn over profits from oppressive child labor use, compensate victims
- Department of Labor announces findings of February 2024 impact inspections completed at 13 mines with histories of repeated safety, health violations
EBSA 2023 Monetary Results
EBSA Restores over $1.4 Billion to Employee Benefit Plans, Participants & Beneficiaries in 2023. The Employee
Exploring Common Types of ERISA Fiduciary Services
As a business owner, you know that managing employee benefits is an important part of running your company.
Mitigating Liability through ERISA Compliance
Fines and penalties for not complying with ERISA totaled $931 million in FY 2022. The risk of an