The cost of maintaining a comprehensive Employee Benefits Program has quickly become a major concern for employers. In most cases, the cost is second only to compensation. Yet, the scope of a Benefits Program can also be a deciding factor for attracting and retaining talent.
Our Employee Benefits Assessment provides a review of an organization's benefit programs and identifies areas of concern.
Complete all questions to see your score below.
Are you compliant with the ERISA mandate to audit company benefits?
Does your employee benefits program comply with ACA, ERISA, ADEA and HIPAA?
Are Summary Plan Descriptions complete and provided to employees timely according to law?
Do you have an employee handbook and has it been updated in the last 12-18 months?
Have you surveyed employee satisfaction as it relates to benefits?
Do you take a holistic approach when setting your benefits budget?
Have you compared your costs vs. competitors within your industry?
Are you familiar with the concept of a Professional Employer Organization (PEO)?
Have you examined whether an HSA, HRA or combo plan suits your workforce?
Have you ever considered self-funding or partial self-funding?
Does your company offer voluntary (employee elective) benefits?
Do you offer executive benefits for top performing employees?
All fields required
This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.
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Advisory services offered through Wealth Enhancement Advisory Services, LLC (WEAS), a registered investment advisor. Certain, but not all, investment advisor representatives (IARs) of WEAS are also registered representatives of and offer securities through LPL Financial, member FINRA/SIPC. Wealth Enhancement Group and WEAS are separate entities from LPL. Wealth Enhancement Group is a registered trademark of Wealth Enhancement Group, LLC.
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