The Employee Retirement Income Security Act of 1974, commonly referred to as “ERISA,” is a massive piece of legislation that influences virtually every facet of the benefits industry. Understanding ERISA requirements is critical to employers, as non-compliance with the law can lead to costly penalties -- up to $1,100 per day.
Ameriflex delivers the experience and resources employers need to manage the complexities of ERISA, so they can focus on the important stuff -- like growing their bottom line!
The ultimate package for large employers (100+ employees). Services include:
The ultimate package for large employers (100+ employees).
FACT OR FICTION?
ERISA does not apply to small-group, employer-sponsored plans.
FICTION! Many federal laws exempt “small-group” plans from their effects. When it comes to ERISA, however, the law applies to all employer-sponsored benefit plans, regardless of size. (Note: ERISA does not apply to church or government entities).