Since the Affordable Care Act (ACA) was passed in 2010, Single Employer Plans have come under more scrutiny than ever before. Unfortunately, many employers don’t have the resources or expertise in-house to keep up with the ever changing sea of legislation and regulations that govern ERISA Health Benefit & Retirement Plans.
As a result, the US Department of Labor has taken an increased interest in ERISA Plans in recent years.
In 2020 alone, the Employee Benefits Security Administration (EBSA) recovered more $3.1 billion dollars from enforcement actions against employers who were out of compliance. Additionally, the DOL closed 230 criminal cases and indicted 70 people for crimes related to Employee Benefits Plans.
At the ERISA Advisory Group, we’re passionate about helping small and medium-sized businesses throughout the nation develop strong Employee Benefit & Retirement Plans that are also ERISA compliant.
Our mission is to help our clients be proactive instead of reactive, so you are prepared to face any compliance challenges that may come your way.
We pride ourselves on the fact that we’ve been ERISA Independent Fiduciaries helping businesses like yours since 1995. Over the years, we’ve learned almost everything there is to know about how to build strong plans that work – and keep you out of trouble with DOL.
ERISA Consulting & Fiduciary Services For Single Employer Plans
If you’re considering working with an Independent Fiduciary who specializes in ERISA Plan Management & Compliance, then have a look at some of the services we provide to small and medium-sized businesses: