Is your company aware of compliance issues that may arise from offering employee benefits. The Department of Labor has vowed to increase audits and take a much closer look at employee benefits to ensure compliance and proper administration.
What Are The Potential Consequences?
The Department of Labor can potentially impose fines up to $100 per day per employee or $36,500 per year for being out of compliance. The IRS can also impose fines to employers not adhering to the rules of a cafeteria plan.
Fortress Benefits Can Help!
We have partnered with Advantage Administrators to ensure all employee benefits administered by our agency are 100% compliant. The administration is a free service provided by our agency when we administering your employee benefits.
Contact Fortress Benefits today to learn more and ease your concerns!