With November right around the corner, it seems that the remainder of 2018 is flying by! Are you on target to meet the goals you’d set for your business for 2018? With a couple of months still left on the calendar, it’s still not too late to make an impactful change that will help your business finish 2018 on a strong note.
One of the most meaningful measures you can take to protect your business, yourself, and your employees is to ensure that your benefits and HR programs are in full legal compliance. Noncompliance violations can cost your business thousands of dollars in penalties and fines, and time is running out if you are already out of compliance. The great news is that there is still time to achieve and maintain compliance in 2018, if you act quickly! Your trusted HR professionals at BIG-HR are ready to dive in and get your business’s practices where they need to be. Before the year is out, you can enjoy the peace of mind of knowing your essential compliance needs are in expert hands. For example:
Benefits Compliance: Federal ERISA laws require employers who offer benefits to maintain specific record keeping and communication standards, all of which must be thoroughly documented. Have your employees received their Summary Plan Descriptions? What about Plan Participant Guides or Summaries of Material Modifications? If you offer benefits, failing to meet these legal responsibilities puts you and your business at risk. BIG-HR can help you get your ERISA paperwork in order, and before the end of 2018.
ACA Reporting and Monitoring: Are you up to speed on all the documentation and reporting requirements dictated by the Affordable Care Act? Will your 1094/1095 forms be ready to file with the IRS and mailed to employees? What if you’re subject to a DOL audit; would you pass for 2018? If these questions are making you a little nervous, it’s time to call in an expert. Our HR Consulting Specialists can assess your ACA compliance concerns and get you back on track before the year is over.
I-9 Verification Checkup: Are your employee records complete and up-to-date? Do you have the federally required I-9 paperwork to prove that each of your employees is eligible to work in the US? A BIG-HR specialist can come to your business to audit your existing documentation practices and records, and can help you to remedy areas of noncompliance or concern before they become problematic.
Employee Manual Services: When was the last time you’ve taken a good look at your employee manual? Do you provide one at all? A comprehensive, up-to-date, and legally sound employee manual is one of the most important HR essentials for an employer of any size. It is imperative that your business’s policies, procedures, and regulations are spelled out clearly and directly for all employees, and adhered to accordingly. BIG-HR offers both Basic and Custom Employee Manual packages, and can work with you to refresh an outdated or incomplete manual. Start 2019 off right, with an updated manual from the very beginning!
To find out more about how your business can still achieve compliance in 2018, reach out to our account executive today!