As a business owner, you know that managing employee benefits is an important part of running your company. But understanding how to navigate ERISA compliance can be overwhelming and confusing. That's where an ERISA Independent Fiduciary comes in. The right fiduciary with this specialty can make a world of difference. From helping you reach your
Fines and penalties for not complying with ERISA totaled $931 million in FY 2022. The risk of an unfavorable audit is significant for your business. ERISA compliance helps you mitigate risk. It benefits your business and your employees. Complying with ERISA can be complicated, though. You need a comprehensive strategy. Learn more here about ERISA
Are you wondering about multiple employer welfare arrangements and if they make sense for you? It can be difficult to understand MEWA, but you don't have to go it alone. Trying to understand MEWA on your own can be overwhelming and confusing. We are here to help. Our guide will give you all the information
The Anatomy of a Successful ESOP Deal Not all ESOP transactions are created equally. Join our panel of four leading ESOP advisors and learn about the team, process, and steps necessary to improve deal outcomes and increase the likelihood of a successful transaction. In this one hour session, we'll discuss:
We recently came across two articles about a critical issue for ERISA fiduciaries. The recent ruling by SCOTUS is a game-changer for 401(k) and 403(b) retirement plans. We consider both of these articles “must reads”! The links are below. To keep up with important national ERISA news follow us on
ERISA Insider Vol II., Ed XII: Cincinnati Businessman Ordered To Prison After Investigation By EBSA Ron Craig Estes, sole owner of R&R Steel LLC was sentenced to serve 18 months in prison for defrauding workers of retirement benefits. Dear Fiduciary, Today we are here with Breaking News out of EBSA: A federal judge
ERISA Insider Vol II., Ed. XI: How To Choose Service Providers For Your ERISA Plan Remember these rules, procedures and potential pitfalls when selecting service providers for your plan. Dear Employer, As a plan fiduciary, one of your top priorities is selecting the right service providers for your organization’s health or retirement plan.
ERISA Insider Vol II., Ed. X: EBSA Recovers More Than $2.4 Billion Dollars In 2021 This years numbers are in — the EBSA closed 69% of its 1,072 civil cases with monetary results, and 52% if its 208 criminal investigations resulted in indictments or convictions. Each year The Department of Labor (DOL) publishes
ERISA Insider Vol II., Ed. IX: What is a Fiduciary Under ERISA? Understanding who is a fiduciary is the first step to keeping your plan ERISA compliant. Dear Employer, The term ‘fiduciary’ has different meanings in different business contexts. When it comes to ERISA Health & Welfare or Qualified Retirement Plans, knowing who
ERISA Insider Vol II., Ed VIII: United Behavioral Health To Pay $15.6 Million After Investigations Find Violations Of The Mental Health Parity and Addiction Equity Act (MHPAEA) Following federal and state investigations by the DOL and NY Attorney General, UBH is set to reimburse plan participants $13.6 million, pay $2 million in penalties