Building Compliance Ready Organizations through ComplianceSource
Compliance regulations affect every organization’s operations and can be costly and complex. Penalties and fines can be thousands of dollars per employee or per day. The risk is even greater for global companies.
As many as 55% of employers don’t comply with ERISA requirements and many are unaware of other regulations that can devastate company profits. With laws changing constantly, it’s important to rely on a true compliance expert to avoid problems. ComplianceSource manages all compliance-related services for you. Rather than add another broker, you can take advantage of all services through one source. Whether you need COBRA administration, summary plan documents, HR compliance, HR consulting, or need to ensure compliance for audits, ComplianceSource provides unmatched expertise. With free access to our labor and employment attorney, you will also save on legal fees.
Our wide range of compliance and HR services include the following:COBRA Administration
We offer complete COBRA administration including initial new hire notices, COBRA continuation notices and termination correspondence. In addition, we take the responsibility for the following:
- Up-to-date state specific letters
- All customer service to the separated employee
- Collection of COBRA premiums
- Remittance of premiums to the employer
- Terminations due to non-payment or ineligibility
- Record keeping of all letters, postmarks, and data storage for the time required by the DOL
Summary Plan Descriptions (SPD)
We offer summary plan description plan document (SPD) compliance services focusing on the documents that ERISA requires for Health & Welfare Benefit Plans.
Medicare Part D Requirements
ComplianceSource manages annual employee Medicare Part D letters and online CMS annual filing employer assistance.
Access to Labor and Employment Attorney
You are entitled to free telephonic access to our Labor and Employment attorney. You’ll also receive expert legal advice on all Human Resource and Labor matters.
Human Resource Consultant
Our clients have free telephonic access to a professional HR consulting team. Any general HR topics can be discussed including, but not limited to, the following:
- Employer/employee dispute resolution advice
- Privacy issues
- New employee interview do’s and don’ts
- File compliance (I9’s etc.)
- Employee recognition programs
- DOL postings
Online Benefit Summaries
We provide summaries, downloadable (PDF) forms, and benefit and compensation statements to meet all of your needs.
Local Legislative Compliance and Filing Assistance
We offer assistance in matters relating to Massachusetts Health Reform filing compliance, educational seminars, and legal interpretations of rules and technical corrections.
Customized Benefit Sites and Communications for Employees
We offer customized benefit sites for our clients employees. Employees can log onto our on-line portal and are able to view all company benefits and get access to any forms needed. In addition, we also offere customized communication to employees are open enrollment meetings on their benefits.