Products June 10, 2002

CIGNA Offers Compliance Advisors

October 30, 2000 (PLANSPONSOR.com) - Plan sponsors looking for some one-on-one compliance assistance can turn to CIGNA's Compliance Advisor service, which includes help with merger/acquisition consulting, compliance testing and plan design.
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Compliance Advisor offers assistance with a wide variety of plan types, including defined benefit, defined contribution and nonqualified programs, including an analysis of:

  • the plan document – confirmation that plan documents are in compliance with legislative requirements, and meet employer/employee objectives
  • the plan design – evaluating the current plan in light of new trends, and suggesting appropriate changes
  • nondiscrimination requirements – assess the plan(s) from the perspective of nondiscrimination testing, determining issues requiring adjustment, as well as testing solutions
  • regulatory requirements – an ongoing review of enacted regulatory changes, as well as an impact assessment to the plan (s).

Two “behind-the-scenes” compliance groups support the service:

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  • Compliance Analysts – which focus on keeping clients informed of pending and enacted legislation and regulatory changes
  • Compliance Specialists – who concentrate on addressing all compliance production and data issues.

– Nevin Adams          editors@plansponsor.com

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