Compliance
CU Benefits offers the following compliance services to all of our clients in partnership with various legal partners on compliance issues:
- Quarterly newsletters detailing newly arising legal and legislative issues
- Regular “alerts” which provide more detail on issues requiring action by our clients
- Regular “updates” on newly arising issues occurring outside of our normal newsletter cycle
- Annual compliance audits with detailed descriptions of each requirement
- A year-end compliance update
- Oversight of the development of plan documents and SPDs
- Annual 5500 filings with SAR completion
- A conduit to an ERISA attorney for use by our clients
Free Whitepaper: 7 Secrets to Lower Your Employee Benefits Cost This Year
As organizations look at budgets each year, one area that will undoubtedly undergo intense scrutiny is the cost of employee benefits. It is a particularly difficult item to manage due to the increasing cost and utilization of health care, not to mention compliance burdens. HR and finance managers need to take a long-term view and commit to developing a multi-year strategy instead of relying on short-term tactics to contain employee benefits costs.
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