steph_test_cloud

COMPLIANCE

TRUSTED ADVISOR COMPLIANCE SERVICES FOR EMPLOYEE BENEFIT PLANS

As employers adjust to a new reality defined by a national health crisis, societal changes and uncertainty over the country’s financial stability, they’re encountering a common truth: they will never again conduct business exactly as before. This realization is impacting every aspect of benefits program management, and particularly that of regulatory compliance. Corporate Synergies’ compliance experts serve as financial risk consultants and trusted business advisors, operating as an extension of the client’s benefits and leadership teams. Our compliance consultants closely examine the legislation, regulation and guidance (at the federal, state and local level) that will have the greatest impact on clients’ health and welfare plans and insurance arrangements. Helping employers and plan sponsors avoid reporting penalties and fines is a given; we also enable and support each client’s strategic decisions with careful research into how changing regulatory requirements will impact their specific organization and industry. Our customized, step-by-step guidance reduces risk and lowers exposure and costs from governmental agency audits, participant lawsuits, mergers and acquisitions and business succession processes. Our roadmap includes required client actions to ensure compliance with new or changing government regulations regarding the COVID-19 crisis, state and local healthcare mandates, and reporting and disclosure requirements.

$12.7M in potential government fines and penalties in the past year. Our experts mitigated more than

100% of new-client compliance assessments conducted by Corporate Synergies reveal errors that could have triggered fines or penalties