How the Secure Act Revolutionizes Your Retirement: Unpacking the Details The Secure Act, or Setting Every Community Up for Retirement Enhancement Act, is a bipartisan reform bill that increases access to benefit plans and expands employee retirement [...]
Benefit plan penalties could soon see an upward adjustment to account for inflation. Most of these benefit plan penalties have not seen any updates for years. It is the duty of benefit plan managers to ensure that [...]
Compliance consulting services are a fact of life in the running of a business. Our benefit consultants group is prepared to assist you with all your compliance consulting needs. We hope you enjoy our post on how [...]
URGENT COMPLIANCE BULLETIN FOR IMMEDIATE RELEASE Date: May 20, 2021 From: Benefits Compliance Consultants (info@bc2co.com) To: All Employee Benefits Agents and Plan Administrators Re: Department of Labor – “Request for Information and Required Response” [...]
As the IRS is expected to follow through on the ACA mandate fervently, it is critical that employers comply with the ACA process to avoid any penalties from the Internal Revenue Service. As per the mandate, companies [...]
Ever since the ACA came into being, a lot of organizations have always struggled to understand all the requirements and guidelines that came with it. It has always remained an issue for employers. Some companies, on the other [...]
With the economy at record highs, employers from all over the country are strategizing on ways to attract and retain prospective top talents for their companies. One of the most effective ways they do this is by providing [...]
New Electronic Disclosure Rules Proposed by the DOL and its DetailsThe Department of Labor has proposed that retirement plans would need to have a new safe harbor process for the electronic delivery of participant notices. This comes as [...]
Essential Guide to Understanding ERISA Wrap DocumentsMany employers understand the significance of complying with ERISA (Employee Retirement Security Act) plan documents. These documents contain disclosure requirements for various retirement plans, including 401(k). But it’s startling to see some [...]
Here is how ERISA Compliance works.ERISA is a law that governs the operations of different retirement plans in the United States. The law also safeguards welfare benefit plans such as insurance plans for group life, dental, and other [...]
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