Compliance Services
Navigate Your Benefits Compliance with Confidence
Staying on top of federal, state, and local employment law compliance, labor laws, and HR compliance can feel like a constant uphill battle for HR teams. Even with the best intentions, it's easy to stumble and overlook critical details, leading to potential non-compliance and subsequent legal issues. Imagine reclaiming valuable time and resources while meeting your compliance needs.
Stop feeling overwhelmed by non-compliance—start focusing on your core business and creating a positive work environment.
Partnering with isolved's HR compliance services is your strategic advantage. We lift the burden of complex regulations, freeing you to concentrate on driving business growth, fostering employee relations, boosting employee engagement and achieving significant cost savings for businesses of all sizes.
Unlock Tax Savings and Boost Employee Take-Home Pay with a Section 125 Premium Only Plan (POP)
Did you know you could reduce both employer and employee taxes effortlessly? Section 125 POP is a simple yet powerful tool that allows employees to pay for eligible employee benefits, such as health insurance premiums and flexible spending accounts (FSAs), on a pre-tax basis. This increases their net pay without increasing your costs.
Without a POP, you could risk serious compliance errors and miss out on significant tax advantages. isolved minimizes this risk, seamlessly handling the complexities so you can:
- Lower your payroll tax burden
- Increase your employees' employee benefits without increasing your costs
- Offer a valuable benefit that enhances employee satisfaction and aids in talent management
This plan can extend to your employees, their spouses and dependents, offering broad coverage and financial benefits. Ready to put more money back in everyone's pockets?
Shield Your Business from Costly ERISA Penalties—Simplify Compliance with Our Expertise
The Employee Retirement Income Security Act of 1974 (ERISA) carries significant weight, and non-compliance can lead to hefty fines and legal issues. Keeping pace with its ever-changing rules and requirements demands dedicated attention—a resource many small businesses simply don't have.
What if you could navigate ERISA with clarity and confidence, minimizing risk management and maximizing peace of mind?
Our ERISA wrap document service is your solution. We simplify compliance with a complex plan document and summary plan description (SPD) regulations, ensuring you're always protected. Don't let ERISA become a liability—let isolved be your trusted guide for your HR needs and compliance needs.
Conquer the Affordable Care Act: Effortless Compliance in a Complex Landscape
The Affordable Care Act (ACA) has introduced a new layer of complexity for employers. As an applicable large employer (ALE) with 50 or more full-time equivalent employees, you face the mandate to offer minimum essential coverage that is affordable and provides minimum value—or risk significant penalties and non-compliance.
Are you confident you're capturing and managing the necessary data to meet these demanding requirements?
isolved's ACA Compliance integrated with your HCM or human resources management system automates this process. We help you:
- Automatically capture crucial data like hours worked and employee status in real-time
- Streamline key tasks at the end of employee measurement periods
- Avoid costly penalties and ensure regulatory adherence
Don't become part of the estimated 90% of employers unprepared for ACA reporting*. Take control of your compliance journey today with isolved and our comprehensive ACA Resource Center.
Get More Details on ACA Compliance
*A Primer on Affordable Care Act Compliance for Growing Businesses
Reclaim Your Time: Let Us Handle Your Mandatory Notice Mailings
Keeping your employees informed of their rights and responsibilities is a legal obligation that demands consistent effort. Regularly sending out various notices can be a time-consuming and tedious task, pulling you away from more strategic initiatives within your HR support functions.
Imagine eliminating these administrative burdens and focusing on what truly drives your business forward and improves your employee lifecycle management.
isolved's Mailing Service takes this weight off your shoulders. We handle the reliable and timely mailing of essential notices, including:
- Affordable Care Act Notices
- Grandfathered Health Plan Notice
- Patient Protection Notice
- Children's Health Insurance Program Notice
- COBRA General Notice
- FMLA General Notice
- HIPAA Notice of Privacy Practices (NPP)
- Medicare Part D Notice of Creditable or Non-Creditable Coverage
- Women's Health and Cancer Rights (WHCRA) Notice
Choose the notices you need and let us handle the rest. It's time to focus on your business, not the mail.
Provide Fair and Compliant Benefit Plans with Stress-Free Non-Discrimination Testing
Maintaining plan compliance requires diligent non-discrimination testing. If you offer an FSA, POP, HRA, or a self-funded health plan 105(h), the IRS mandates annual testing to ensure your employee benefits don't unfairly favor highly compensated employees, avoiding potential legal issues.
Avoid the headache and potential penalties of manual testing.
isolved makes non-discrimination testing quick, easy and accurate. Simply answer a few straightforward questions and upload your data. We'll handle the complex analysis and provide you with an in-depth report, including reduction amounts for any failed tests. Let's facilitate fair and compliant benefit plans, hassle-free.
Benefits Compliance Services FAQs
What exactly does "benefits compliance" entail and why is it so important for my business?
Benefits compliance refers to adhering to the complex web of federal, state and local regulations governing the administration of employee benefits. This includes laws like ERISA, ACA, COBRA, FMLA, HIPAA and non-discrimination rules. It's crucial because non-compliance can lead to significant financial penalties, legal liabilities, damage to your company's reputation and decreased employee morale. Proactive HR compliance ensures you're operating legally, protecting your business, and fostering a fair and equitable work environment for your employees.
How can isolved's Compliance Services help my HR team and alleviate our compliance burden?
isolved's HR compliance services provide expert support and tools to navigate the complexities of employment law compliance. We offer a range of solutions, including managing mandatory notice mailings, ensuring ACA compliance, simplifying ERISA requirements, facilitating non-discrimination testing and offering guidance on ever-changing regulations. By outsourcing these time-consuming and intricate tasks to our compliance experts, your HR teams can focus on strategic HR initiatives, improve employee relations and streamline overall human resources operations. We help you implement effective compliance programs and workflows tailored to your specific needs.
Are isolved's Compliance Services suitable for businesses of all sizes, including small businesses?
Yes, isolved's HR compliance solutions are designed to support businesses of all sizes. We understand that even small businesses face significant compliance needs and may lack the dedicated resources of larger organizations. Our services are scalable and can be customized to address the unique challenges and requirements of your company, regardless of its size. Whether you need help with basic HR support or a more comprehensive full-service approach, we can provide the expertise and tools you need to stay compliant.
How does isolved stay up to date with the constantly evolving landscape of employment laws and regulations?
isolved is committed to providing accurate and timely HR compliance consulting. Our team of compliance experts continuously monitors federal, state, and local legislative and regulatory changes. We proactively update our systems, resources and guidance to reflect these ever-changing requirements. This ensures that our clients have access to the most current information and tools necessary to maintain compliance and avoid potential legal issues. We often provide resources like webinars and checklists to keep you informed about critical updates and best practices in HR compliance.
