Support and Technology To Help You Avoid Costly Penalties from Employment Retirement Income Security Act (ERISA)
The Employee Retirement Income Security Act (ERISA) is a federal law that protects the interests of employees and their beneficiaries specifically on retirement plans and welfare benefit plans. ERISA protects retirement savings from mismanagement and abuse, and ensures they act in the best interests of plan participants. It also requires transparency and accountability, ensuring that participants have access to information about their plans at any given time.
WHY CLARITY ERISA?
Clarity is here to do the heavy ERISA compliance lifting for you, helping to minimize risk with expert support, innovative software and a 24/7 compliance portal.
COST-SAVING COMPLIANCE
Our support and technology can help you avoid costly penalties, which might range from $110 to more than $2,194 for every day a single plan is in violation.
AUTOMATED DOCUMENTATION
We automate the creation of your wrap plan document and summary plan description (SPD) so you have a single, up-to-date source document for all benefit plans subject to ERISA.
CLOUD-BASED PLATFORM
Our innovative platform ensures ongoing compliance, provides real time access for updates and audits and keeps your employees informed.
DEDICATED SUPPORT
Your expert Client Relationship Manager will provide dedicated, ongoing support to help you navigate ERISA, make changes to your documents and answer questions from auditors.
Ongoing Support:
CLARITY CAN HELP WITH ALL PHASES OF ERISA COMPLIANCE, INCLUDING:
- ERISA wrap plan document
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Ongoing ERISA administration
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Summary plan description explaining key terms and conditions to all participants
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Tax Form 5500 preparation for groups with 100+ employees
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Self-service online portal with 24/7 access to documentation
- Software automation of wrap documents
- Written plan document for each benefit plan offered
- Annual plan document updates for changes and new plans
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Automated reporting and employer notifications
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Audit support