WHY EB COMPLIANCE STRATEGIES?
EB Compliance Strategies is different and better than other providers of employee benefit and ERISA compliance services. Most employers receive ERISA compliance services from their insurance broker. Insurance brokers offer compliance checklists and sample participant notifications. Some larger brokers even offer legal support from their clients. ERISA attorneys are great resource for most employers, except their fees can be substantial.
EB Compliance Strategies offers a better option. We have a deep analytical consulting approach that goes way beyond the typical broker checklist. Our analysis and recommendations will be reviewed with you and your benefits team. Finally, we will work with your current ERISA attorney to review and finalize our recommendations. The benefits of this approach is that EB Compliance Strategies will save you a lot of money by do most of the work of gathering, analyzing, and making recommendation for your compliance program instead of paying an ERISA attorney. ERISA attorney’s can charge anywhere between $300 to $550 an hour to do the same type of work. We still want your ERISA attorney to provide input to the recommendations, finalize the document work, and to provide client-attorney protections.
Unlike an insurance firm, EB Compliance Strategies specializes in compliance and vendor management. Secondly, our analytical review and recommendation are very extensive versus a recommendation. Also, most brokerage firms offer a disclaimer that states all of their recommendations are not meant to be legal advice and they will not take responsible for errant recommendations.
Prompted by the recent changes in the complexity of employee benefit regulations, our employee benefit consulting firm was started to devote our resources to assisting employers with ERISA welfare benefit plans as well as COBRA, HIPAA, and wellness plan compliance. It is our goal to provide you with the detailed information and assistance you need to make smart decisions when it comes to getting your business completely compliant with today’s regulations.
What sort of compliance services can you expect from our consulting firm? Our team proudly offers Department of Labor (DOL) audit preparation assessments, healthcare reform consulting and reporting, nondiscrimination testing, vendor contract and HIPAA BA audits, plan document and SPD assessments, and participant notification services. You can save yourself a lot of headaches, hassle, and fines by choosing to work with our compliance strategy specialists.
Helping Businesses both Big & Small
If you run a business that has between 100 and 5,000 employees, then you are a business in need of our compliance strategy services. Our consulting firm is here to help you avoid issues that can come with not following the government’s strict guidelines when it comes to employee benefits. If employers do not follow ERISA compliance when they provide employee benefits, they can be fined thousands of dollars and run the risk of lawsuits.
Due to the complexity of the laws in regards to employee benefits, our consulting firm is more than happy to provide you with the compliance services you need to ensure that your company is compliant with the ERISA requirements. Work with us to ensure that you aren’t fined for not being compliant.
Contact us for more information about how you can keep your business completely compliant with the help of our consulting firm. We are providing our compliance strategy services to clients located throughout Grand Rapids and the entire state of Michigan.
