Our goal is to help our clients effectively deal with and manage the rules and regulations related to their employee benefit programs. We provide the following compliance services as part of our overall benefits management services for our clients.
As a value added service we will prepare the Wrap Summary Plan Description and accompanying Plan documents and we will gather the insurance documents, so all you have to do is distribute them to employees and plan participants. This cost is included and covered by our office at no charge to you. We will also handle annual updates to your wrap and plan document.
If you have questions or would like more information about this please contact John riley at John@Rileyebi.com.
Who is required to file a 5500? A return/report must be filed annually for every pension benefit plan and welfare benefit plan (including health and medical insurance plans). However, a group health plan with less than 100 participants that is fully insured, self-funded (or a combination of both) is generally not required to file Form 5500.
Are participants and beneficiaries entitled to a copy of the 5500 filing? Yes – once the filing is complete the Plan Administrator must automatically give participants a copy of the 5500 or summary annual report and then retain a copy on file and make a paper copy available, at no charge, at the request of a participant or beneficiary.
This is another valued added service that we are pleased to assist you with and in most cases, will cover your costs and work with our qualified 5500 tax preparer on your behalf.
Disclaimer: This post is for general information purposes. If you have questions about filing requirements, please contact us or consult with your accountant or tax preparer.
We provide a checklist of required HIPPA notices as well as assistance preparing the forms for distribution. If you have questions, please contact John riley at John@Rileyebi.com.
We can help you find out what model notices you need, how to obtain copies and prepare them for distribution. If you have questions, please contact John riley at John@Rileyebi.com.
If you want to know more, please contact John Riley at firstname.lastname@example.org or call (310) 414-9524 ext. 2 for an appointment.
If you have questions regarding your responsibilities, please contact a knowledgeable employer law attorney, benefits adviser or your carrier.
Be prepared for compliance requirements to change. Stay up-to-date on the latest information regarding Health Care Reform by visiting http://www.dol.gov/ebsa/healthreform.