ERISA (Employee Retirement Income Security Act) is a federal law that regulates group sponsored benefits (also called welfare benefit plans). Besides requiring the provision of specific Plan features and funding information, the law mandates that employers submit detailed reports to the government.
Employers face strict deadlines for disclosing Plan information to all eligible employees. And all Plan Sponsors and Plan Administrators with ERISA plans must follow a strict fiduciary code of conduct.
You may be at risk and not even know it! Failure to comply with ERISA requirements can be extremely costly. Consequences for non-compliance may include government penalties, even employee lawsuits.
ERISAEdge takes care of all the necessary communications, forms, and record keeping so employers don’t have to! We will put our years of experience to work to help employers remain fully compliant with ERISA regulations, and we will provide the defense employers need in the event of an audit by the Department of Labor.
ERISAEdge is part of the TASC family of products and services. Since 1975 TASC has administered various employee benefits accounts through its expanding family of original products. As a SAS 70 Type II Certified TPA, our experience and expertise allow us to provide a comprehensive menu of recordkeeping and administration services necessary for a successful employee benefits program.