Compliance Strategy When was the last time you reviewed your compliance strategy? If you offer employee benefits, you’ve always needed a compliance strategy, but the introduction of PPACA has forced healthcare benefits into the spot light. Employers and employees are paying closer attention to benefits than they ever have. And, so is the Department of Labor. The DOL has significantly increased its staff and budget to conduct compliance audits. Audits can be triggered by complaints from plan participants, a referral from another agency, or red flags in annual plan filings.
Who is preparing you for a DOL audit or assisting you with other potential areas of risk like:
HIPAA ERISA COBRA FMLA EMPLOYEE HANDBOOKS
PERSONNEL FILES FORM 5500 FILINGS FEDERAL NOTICES AND MORE!
44North has six compliance advisors!
In 2011, the DOL hired 1,000 new employees. As a result, the EBSA has collected:
2013: $1.6 Billion in monetary penalties from 3,677 investigations 2014: $599.7 Million in monetary penalties from 3,928 investigations 2015: $696.3 Million in monetary penalties from 2,441 investigations
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