Sponsors of retirement plans are no stranger to the Employee Retirement Income Security Act of 1974 (ERISA). This legislation sets federal minimum standards for most established retirement and health plans in private industry to protect individuals in these plans. Put simply, this law describes standards for retirement plans, welfare benefits like health and life insurance, apprenticeship plans, and disability insurance.
ERISA requires a number of tasks, including filings, to be completed quarterly and/or annually to meet requirements and avoid any fines or penalties. Being a retirement plan sponsor involves juggling many tasks and responsibilities, one of the most important of which is to remain compliant. This calendar provides all the information needed to keep track of requirements and stay within the guidelines for ERISA compliance.
Additionally, partnering with PRM gives you a winning combination to stay on top of all the your ERISA requirements. Contact us so we can share how we can help you manage this most important responsibility.