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COMPLIANCE

Corporate Synergies’ benefits compliance experts examine health and welfare plans and insurance arrangements for jeopardizing missteps or omissions.

ATTENTION TO DETAIL MEANS PEACE OF MIND AND BOTTOM LINE

The compliance landscape is complex and fluid. Keeping up—and staying compliant—with changing regulations could be a full-time job, and for Corporate Synergies’ in-house compliance team, it is. Careful research of new and changing rules supports our compliance advisors’ personalized recommendations. This attention to detail results in enduring relationships and peace of mind. GENERAL COMPLIANCE Corporate Synergies’ in-house compliance experts serve as financial risk consultants and trusted business advisors, operating as an extension of the client’s benefits and leadership teams. They monitor and provide updates and support related to the ACA, ERISA, HIPAA, COBRA, USERRA, Cafeteria Plans and Flexible Spending Accounts (Section 125/FSA), Medical Expense Programs (Section 105), Annual Reporting Requirements (Form 5500) and other requirements. COMPLIANCE ASSESSMENT You can’t fix problems you aren’t aware of. Using our proprietary 50+ point assessment, we provide an in-depth review of current plans, policies, procedures and filings for compliance with federal, state and local laws and regulations. From this review, we produce a comprehensive report with recommendations, an action plan for remediation of all identified deficiencies and ongoing best practices. COMPLIANCE SERVICES In addition to the assessment, our compliance team also provides guidance and assistance with: Q Plan document review Q ERISA reporting requirements Q HIPAA privacy regulations

Our experts mitigate an average of $23.2M in potential government fines and penalties per year. $23.2M #2 Employers ranked compliance concerns as their second biggest employee benefits challenge.

Q Federal and state mandate review Q Summary of material modifications Q Form 5500 filings