HR is involved in all areas of employment, from hiring to terminations, and there are compliance concerns in each of those areas. Our main focus is to provide compliance information, consulting and educational opportunities for all levels of HR professionals. Education truly is the key to compliance!
Web-Based Solutions & Tools
We offer our clients’ web-based compliance tools to help them in their day-to-day activities; contact us to learn more! We are happy to provide you online “tours” of our compliance resources. Contact Us Today!
The Client Resource Center is an online portal that features the most current federal and state laws, regulatory updates, decision making tools and provides vital HR compliance content to you when and where you need it! Click here to login. If you do not have a login and are interested in how you may utilize this service, please contact Brenda Sabin at 802-488-8713 or firstname.lastname@example.org.
Never miss a compliance deadline again! Compliancedashboard© is a web based tool that helps you understand your compliance obligations by giving you the information you need, when you need it. What’s more, it helps you fulfill your compliance duties through an interactive email and follow-up system that monitors the progress of each compliance activity. Click here to login. If you do not have a login and are interested in how you may utilize this service, please contact Brenda Sabin at 802-488-8713 or email@example.com.
ERISA – Employee Retirement Income Security Act
Although many employers think ERISA only applies to their retirement benefits, most employer sponsored group health plans (and ancillary benefits) are governed by ERISA as well. Your health & welfare plans have specific rules and regulations that you as a Plan Sponsor must comply with.
As a plan sponsor, you are required to have a Plan Document that is available for all employees to review if requested. You are also required to distribute a Summary Plan Description (SPD) within 90 days of a participant becoming active on your health plans. If there is a material change in your plan information you may be required to produce a Summary of Material Modifications (SMM), and if you have more than 100 participants active on your plan, you are required to file 5500 forms, and produce a Summary Annual Report (SAR).
We can help! Hickok & Boardman HR Intelligence can provide you with a Wrap Plan Document and a Wrap SPD which are designed to wrap around existing certificates of insurance and benefit plan booklets to provide the required provisions and information necessary to comply with ERISA. To be compliant, the Wrap SPD and accompanying benefit plan component documents must be distributed to plan participants. Our document compliance solution includes the following benefits:
- Customized Wrap SPD and Wrap Plan Document that provide the required ERISA provisions and information that will help you achieve compliance.
- Distribution guidelines that explain how and when to provide these compliance documents to your plan participants.
- For more information on a Wrap Plan Document, please click here
Be advised that Hickok &