Compliance
At MillBrook, we help employers stay informed about the laws that apply to their employee benefits plans. We will help you become compliant and stay compliant.
There are many laws that apply to employee benefits plans, and remaining compliance can be difficult. Most employers aren’t aware of all of the requirements surrounding their plans. If you’re one of those employers, you’re not alone.
The Importance of Compliance
Proper compliance prevents fines and penalties. For example, if an employer is supposed to file form 5500 for their health and welfare plan, and they fail to do so, the fines can be enormous. In addition, following the rules and regulations of the various benefits laws ensures that your employees have access to all of the necessary plan information.
Some of the laws that MillBrook is currently navigating for clients include:
- The Affordable Care Act (ACA/Obamacare)
- The Consolidated Omnibus Budget Reconciliation Act (COBRA)
- The Employee Retirement Income Security Act (ERISA)
Work with MillBrook
The professional team at MillBrook is made up of students of the industry, and we specialize in employee benefits. We have outstanding tools and external resources (attorneys, the Employer’s Association of the Northeast, consultants, and accountants) to help you get, and stay compliant with your employee benefits plans.