Not complying with these requirements can result in high daily penalties and fees. Over the past several years, we are seeing surprise DOL audits on businesses of all sizes. As the employer, the DOL views compliance as your responsibility.
A consultation and review of your current benefits and compliance is always free of charge! However, for employers placing their medical benefits with Bridged Benefit Solutions, these deliverables will be provided free of charge. The cost of this package varies depending on the size and set up of your organization and the complexity of your benefits package (average value $1,200).
I provide employee benefits for employers with 10-1,000 employees. Our focus is on personalized service, technology, benefit education and compliance.
Free Employee Benefits Compliance Package- SPD, SBC and Federal Notices
Boutique Style Employee Benefits Agency- Bridged Benefit Solutions
All employers (down to 2 employees) offering their staff employee benefits are required to follow federal guidelines around offering employee benefit plans. This includes having an SPD (Summary Plan Description), providing SBCs (Summary of Benefits and Coverage) to all employees and proving required annual notices to employees.
Rochester Regional Chamber of Commerce