Compliance

Trying to keep up and comply with state & federal employee benefit regulations can be daunting.  The risks and consequences of non-compliance grow ever larger.   

The compliance experts at Power Kunkle provide valuable, proactive and practical guidance.


Communication is Key

Power Kunkle clients are informed and updated about new mandates, changes in legislation and necessary actions needed to ensure compliance.
Due to Health Care Reform, the establishment of the National Employment Rights Agency (NERA), and the subsequent tripling of inspectors, the need for companies to be compliant with all employment legislation is far greater than before.

Companies are required to comply with federal regulations such as FMLA, COBRA, HIPAA and Section 125. The complexity of these laws can be overwhelming and if not properly addressed, can lead to litigation risks and subsequent penalties.

Proactive Strategies to Keep You Compliant

Every organization with an employee benefits program needs a trusted advisor and support system for keeping up with constantly changing HR, financial and insurance industry requirements and regulations.  Power Kunkle helps you maintain compliance and reduce exposure to legal and financial risks.

Rely on the Compliance Experts at Power Kunkle to:
  • Decipher and explain in “layman’s terms” the pertinent information and necessary action of any laws, mandates or regulations that pertain to employee benefits
  • Provide client-specific “ready-to-distribute” employee documents when necessary and required by law

 Compliance Checklist

Compliance can mean different things to different groups depending on the size of your company and the types of plans you offer.  There are several key documents that are required based on this criteria.
The most common types of required employer documents are:

  • Premium Only Plan (POP)
  • Broker Business Associate Agreement
  • Summary of Benefit and Coverage (SBC)
  • Flexible Spending Account (FSA)
  • Health Reimbursement Arrangement (HRA)
  • Health Savings Account (HSA)
  • HIPAA Privacy & Security
  • Summary Plan Description (SPD)
Does your company have all of the necessary compliance documents in place?  If not, we can help.

Human Resources Audit

Upon completion of a Power Kunkle Human Resources Audit clients are furnished with a comprehensive report.  This summary details current employment legislation and best-practice.  In addition our compliance team can ensure that you are meeting necessary requirements by assisting with the following:

  • Updating personnel files and ensuring file completion.
  • Completing “Contracts of Employment” / terms and conditions for all employees.
  • Updating / developing policies and procedures as required by law
  • Ensuring legislation such as the Organization of Working Time Act is fully complied with and records are properly maintained.
  • Putting in place measures and systems to ensure your company is fully compliant with all employment legislation.