Human Resource professionals know they must comply with health and welfare
plan laws or else expose their company to significant potential liability.
Unfortunately, Human Resource departments are being asked to do more with less,
and most lack the time, money and resources to ensure these obligations are
performed timely and accurately.
Compliancedashboard™ uses web technology to simplify this labor and time
intensive process. Its multifaceted approach provides the compliance information
you need, when you need it.
Who Can Benefit from Compliancedashboard™?
Employers who do not have a dedicated HR staff or have a small staff with
multiple responsibilities. Staff members are typically not trained or educated
in this aspect of group insurance, and in many cases, these employers are
unaware of their obligations and the fiduciary standards to which they are being
Employers with a dedicated human resources department. While dedicated HR
staff may be knowledgeable in this aspect of group insurance, they still may not
have the time or ability to follow-up and ensure compliance instructions are
understood and carried out. They are typically inundated with day-to-day HR
responsibilities that are more time-sensitive or pressing.
Employers with multiple locations who distribute compliance information from
a home office to multiple regional offices. Home office personnel do not always
have the time or ability to train regional offices on health and welfare plan
laws, nor can they follow-up and ensure compliance instructions are understood
and carried out.
Multiple Employer Plans including Trade Association Trust Funds and Taft
Hartley Welfare Funds, where responsibility for health plan compliance is often
not clearly defined or understood among the various entities involved in plan
administration. In many cases, no one is accountable for assuring that
compliance tasks are fulfilled or for educating the individual employers on
their compliance responsibilities.