Marietta, GA, May, 2020- For immediate release- Select Choice Benefits, Inc. in partnership with our legal counsel has designed a comprehensive checklist specifically tailored to provide employers peace of mind by quickly identifying potential ERISA/PPACA and Form 5500 compliance violations. This resource includes a COVID-19 amendment.
Effective immediately employers of all sizes and industries can use Select Choice Benefits, Inc. capabilities to gain and maintain Health & Welfare plan compliance. Select Choice Benefits, Inc. is providing this unique solution to help employers meet their compliance obligations.
FY 2019, The Department of Labor’s (DOL)Employee Benefits Security Administration (EBSA) closed 1,146 civil investigations with 770 of those cases (67%) resulting in monetary results for plans or other corrective action. These cases accounted for over $2.5 billion in fines representing a 127% increase from 2017’s $1.1 billion.
“From our experience, employers are looking for cost-effective solutions and knowledgeable support that will help them attain and maintain their plan compliance. They are also cognizant of the potential for audit. We’ve developed an easy method that they can use” says Robert DePriest, Managing Partner.
Select Choice Benefits, Inc. is a privately held employee benefits and human capital firm providing resources to employers in the greater Atlanta area.
“Taking the Complexity Out of Your Benefit Decisions”