Step 4: create flexible benefits plan
Keep
you up-to-date on the latest regulations and assist with audits
and regulatory appeals.
One regulatory detail can, literally, ruin your whole day. Our
job is to make sure it doesntby keeping you updated
on the tax and other legal implications of your benefits plan. On
a regular basis, we provide you with concise information on issues
such as: the effects of COBRA on FSAs, the tax consequences of offering
domestic partner benefits that are forbidden by applicable laws,
the right (and wrong) ways to provide employee education on 401(k)
investments, how to be prepared for a Section 125 Audit, and other
issues.
And, while we dont have lawyers on staff, we have been known
to explain the fine points of specific regulations to the regulators
themselvesthereby saving our clients needless expense and
aggravation. This kind of ongoing regulatory support is a fundamental
and critical component of the services we provide.

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