Athens Benefits

 

Compliance and Legislative Monitoring

Athens Benefits takes a proactive role to ensure that clients are aware of pending and passed legislation related to their employee benefits programs.

  • Newsletters, e-mail alerts, renewal meetings, and other available opportunities are utilized to ensure effective communication.
  • Compliance services include IRS form 5500 preparation, plan document review, SPD wrap documents, and fulfillment of administrative tasks including initial COBRA notices and HIPAA certificates,
  • Athens provides access to top-notch ERISA, regulatory, and legal professionals.

The Athens Proprietary Compliance Guide and Audit Checklist

A resource to help you meet benefit plan compliance requirements and identify areas needing attention in the day-to-day administration of your plans. At annual reviews, your Athens Benefits team will work with you to identify areas that apply to your plan, update the plan status and educate your staff on plan administration obligations. Areas addressed in this guide include:

  • ERISA
  • COBRA
  • Medicare
  • Section 125 – Cafeteria Plans
  • HIPAA
  • Working Family Tax Relief Act of 2004
  • Plan Audit, Taxation and Administrative Procedures
  • DOL Audit Compliance and protection

Mergers & Acquisitions

Athens Benefits provides clients with M & A services related to employee benefits and human resources issues. As part of due diligence activities, organizations targeted for merger or acquisition are audited and the assistance needed for a successful transaction is provided throughout integration.

Involvement of the Athens team early in the evaluation process is essential and can provide real dividends. Beginning with an initial request for data and pertinent information, an accurate picture of the target organizations’ current benefits status (including costs, coverage, compliance and potential liabilities) can play an important role in gauging suitability. Engagements typically cover both health & welfare and retirement benefits programs, but can also include executive benefits, compensation and human resource programs.

Additional services include:

  • Comprehensive benefits analysis and benchmarking
  • Audit and compliance review
  • Financial projections
  • Placement or transition of coverage
  • Employee impact study
  • Plan termination coordination, timing analysis and administrative support.