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Products September 20, 2013
Firm Expands Compliance Tool to Cover 401(k)s
September 20, 2013 (PLANSPONSOR.com) – Compliancedashboard, a compliance tool for employers sponsoring health and welfare plans, has expanded its interactive software to cover an employer’s compliance obligations when sponsoring a 401(k) plan.
Reported by Kevin McGuinness
The program stays on top of changes and sends an employer a notice when it’s time to complete a compliance obligation. The employers are given up-to-date tools and resources to help them fulfill the requirement. The system tracks usage and sends reminders as needed to employers.
Compliance information is presented in a user-friendly format that enables employers to quickly grasp their obligations and associated time frames. An online calendar, automated tracking, reminders, and reports organize an employer’s responsibilities into a turnkey compliance system that guides them through the process.
“Compliance challenges are coming fast and furious from multiple sources such as health care reform, HIPAA privacy and security, fee disclosures, and Supreme Court decisions,” said Dan Bond, principal of Compliancedashboard, Indianapolis, Indiana. “Employers simply do not have the time to keep up with it. Our web-based tool is the perfect solution for this fast-paced environment because it is real time.”
More information can be found here.