In recent years, keeping your Employee Benefits program compliant has become an increasingly-uphill battle. Between sweeping government reform and dramatic policy changes, it can be difficult to even know where to start when it comes to your compliance. 

That’s where Alera Group’s compliance experts come in. Our experts offer annual compliance audits to our clients, with one-on-one consulting with our Director of Compliance or other compliance team members who can help to craft a path to compliance for employers who have shortcomings. We also provide regular educational information on compliance and can answer compliance related questions through our Director of Compliance, as well as through our AleraHR service, in order to ensure timely guidance is provided on any pressing matters. 

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Our standard compliance services include but are not limited to:

  • Compliance team support to respond to specific employee-benefit-related compliance questions
  • Monthly Compliance Corner Newsletter
  • Legislative updates or new, emerging or changing laws that impact employer-sponsored plans
  • Access to webinars and educational series (typically held by ERISA attorneys and industry experts)
  • Online human resources self-service tool
  • Review of plan documentation for ERISA and IRC compliance purposes
  • Preparing “signature-ready” welfare plan annual Form 5500 and SARs, delinquent and amended Form 5500 filings
  • Insurance carrier and third-party administrator contract reviews
  • Comprehensive onboarding Compliance Assessment (gauges employee benefits compliance adherence)
  • Data collection of required information for the Annual Form 5500, associated Schedules and summary annual report (SAR)
  • ACA compliance support, including assistance with:
    • Market reform provisions and implications for employer-sponsored plans
    • Understanding related fees; PCORI, Transitional Reinsurance Program (TRP) fee
    • Employment mandate compliance support
    • Minimum essential coverage (MEC) minimum value (MV), and affordability considerations
    • General guidance related to IRS information reporting requirements
  • Participant notice preparation and assistance with common notices imposed on group health plans (ex. Medicare D notice of creditable coverage, HIPAA privacy notice, etc.)
  • Annual HIPAA training