Compliance

Employee benefit plans are governed by an increasingly diverse number of state and federal regulations, and with Health Care Reform, new rules are on the horizon. Plus, those you may already be familiar with can change.

Higginbotham helps you interpret and comply with new and emerging rules under Health Care Reform legislation, ERISA, HIPAA, COBRA and many other relevant regulations. Not only do we proactively communicate new legislation, regulations and upcoming deadlines, we reactively address your compliance concerns and special circumstances.

Many employers rely on their health plan broker to keep them compliant. Higginbotham offers you the support of your broker as well as our dedicated in-house legal compliance consultant. We monitor legislative activity to explain the impact of new rules on your benefit plans and provide assistance to audit your documents and policies for vulnerabilities with the direction you need to remain compliant.

Higginbotham does not offer legal advice.

 

Compliance Check

We help you control risk and limit liability by reviewing your company's compliance in multiple key areas.

  • Employee benefit plans

    • ERISA (including plan documentation like SPDs/Wrap Documents)

    • Affordable Care Act

    • HIPAA

    • COBRA

    • FMLA

    • IRS Sections 125 and 105

  • Human resources

    • Record retention policies

    • Employee handbooks/manuals

    • Policies and procedures (including sexual harassment)

    • EEOC issues

    • FLSA/Wage & Hour issues

    • FMLA issues

  • General business

    • Loss control

    • OSHA

    • Workers’ Compensation experience modifier

    • Workers’ Compensation claims review

    • Contract review

    • Risk transfer

    • Replacement cost/building ordinance

    • Business income

 

Form 5500 Preparation

Employers offering qualified benefit plans are required to file the Form 5500 every year.  The data collected provides pertinent information to the Department of Labor for help in assessing employee benefit, tax and economic trends and policies. It also assures that benefit plan management meets prescribed standards. Correctly preparing and filing the Form 5500 requires dedicated time, labor and knowledge of applicable IRS and DOL requirements.

Using ERISA-approved software, we help you satisfy the electronic filing mandate for your Form 5500 with easy and accuracy. We gather the necessary information to prepare your signature-ready Form 5500 and associated schedules, electronically file them and draft the requisite Summary Annual Reports that must be distributed to plan participants.