Is Your Business In Compliance?
If your business offers an employee benefit plan, you need to know about the obligations that are placed on you as a result of the Employee Retirement Income Security Act (ERISA). Whether your employee welfare benefit plan takes the form of a matching 401(k), healthcare insurance, unemployment benefits, holiday pay or something else, the ERISA is a federal law with which you have to comply.
The ERISA lays out the administrative requirements of employee benefit plans. Generally, the administrator of your benefits will step in to ensure you meet these requirements, but ultimately it is your responsibility to stay in compliance. To help you do that, here are the three primary parts of complying with the ERISA.
You do not need to become an expert on the ins and outs of the Employee Retirement Income Security Act in order to ensure your business is in compliance. Let the experts at Sackett & Associates Insurance Services come alongside your business with our deep understand of the Act to help you meet your obligations. For more information about how we can serve your Sonoma County business, contact us today.