Whether your company has 5 or 500 employees, it's important to conduct a
regular review of your HR and benefits-related notices, records and procedures to
ensure compliance with the law and prevent potential liabilities and employee lawsuits.
The checklist below features key steps for evaluating your management practices
to help keep your company HR compliant.


Compliance Checklist:

  • Summary Plan Description (SPD)
  • SSM, Summaries of Material Modifications
  • Plan Document including amendments
  •  All insurance plan contracts (fully-insured plans)
  • Any trust documents relating to plan assets
  • All contracts for claims processing, administrative services, and reinsurance (self-insured plans)    
  • Documents which describe the responsibilities of both the employer and employees with respect to the payment of the costs associated with the purchase and maintenance of health and welfare benefits    
  • Form 5500 filings    
  • Summary Annual Reports Hiring

 Please note that the above list is not all-inclusive. If an HR assessment reveals violations that are not subsequently corrected, your company could be at risk for costly fines or lawsuits. 

If you have any questions regarding your obligations under the law or about best practices when it comes to HR compliance, Preferred Benefits Plus has the services of a ERISA law firm for individual guidance!