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.
- US Department of Labor finds Arkansas restaurants’ operator illegally fired worker who used federally protected medical leave
- Settlement affirms willful OSHA violations, $215K penalties, against contractors for fall hazards at multiple New Jersey work sites
- Department of Labor encourages construction industry employers, stakeholders to join 2024 National Safety Stand-Down to Prevent Falls
- Department of Labor cites goods transport provider after truck strikes grain yard manager, weeks after federal inspectors warn of hazards
- St. Louis contractor faces $258K in fines after exposing roofing workers to potentially deadly fall hazards 5 times in 7 weeks at Wentzville worksites
- El Departamento de Trabajo de EE. UU. descubre que restaurante en Arkansas despidió ilegalmente a un trabajador que hizo uso de una ausencia médica protegida por la ley federal
- Federal court orders United Employee Benefit Fund’s former attorney and law firm to pay $883K in restitution to the fund, $176K in penalties
- US Department of Labor finds Chicago-area medical glass manufacturer again ignoring machine safety procedures, issues repeat violations
- Fayette Janitorial Service agrees to pay $649K in penalties, hire outside consultant to prevent child labor employment in sanitation contracts
- US Department of Labor recovers $190K in back wages, damages for 4 employees denied minimum wage, overtime by Lansing group homes operator
- US Department of Labor awards $696K to continue employment, training services for coastal communities in 6 counties affected by layoffs in Maine
- Department of Labor cites Midwest bread products supplier after worker suffers disabling injury at Sun Prairie facility
- Statement by Acting Secretary of Labor Su on April jobs report
- Department of Labor will celebrate benefits of Registered Apprenticeships as valuable pathway to good jobs during first Youth Apprenticeship Week
- Department of Labor awards $98M in grants to support training, employment services to young people, increase apprenticeships in high-demand careers
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