The Employee Retirement Income Security Act of 1974, commonly referred to as “ERISA,” is a massive piece of legislation that influences virtually every facet of the benefits industry. Understanding ERISA requirements is critical to employers, as non-compliance with the law can lead to costly penalties -- up to $1,100 per day. 

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DM benefit services delivers the experience and resources employers need to manage the complexities of ERISA, so they can focus on the important stuff -- like growing their bottom line! 

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A comprehensive, consultative ERISA program, tailored to your organization’s needs

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ERISA Concierge

 

The ultimate package for large employers (100+ employees).

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Services include:

• Customized, ongoing compliance consultation & support

• Mega wrap plan document

• SPD, SMM, and corporate resolution documents

• Form 5500 filing services

• Discrimination testing services

• Unlimited replacement documents and electronic document record keeping

• Applicable ACA requirements and government mandated plan amendments

• Grandfathered plan notifications

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FACT OR FICTION?

ERISA does not apply to small-group, employer-sponsored plans. 

 

FICTION! Many federal laws exempt “small-group” plans from their effects. When it comes to ERISA, however, the law applies to all employer-sponsored benefit plans, regardless of size. (Note: ERISA does not apply to church or government entities).