Benefit plans governed by the Employee Retirement Income Security Act (ERISA) must comply with stringent federal regulations. Having experienced legal counsel in your corner can help ensure compliance and avoid potential legal troubles down the road.
The attorneys at the New York-based law firm of Mazzola Mardon, P.C., have been providing skilled legal representation to private sector labor unions for more than 50 years. To find out more about how we can help your organization with its benefit plans, call us at 646-902-5727.
ERISA Benefit Plan Requirements
There are three main facets that must be taken into consideration when it comes to complying with the regulations set forth by ERISA. The first one is reporting. That is, plan administrators must file certain documents with the Department of Labor and the IRS that describe the main components of the benefit plan. Additional documentation is required when a plan is amended or when other material changes are made to the terms of the benefit plan.
The second portion of ERISA compliance involves disclosure. Plan administrators are required to share information about the plan with plan participants and the Department of Labor upon request.
The third facet of ERISA compliance involves the payment of claims. Every plan governed by ERISA is required to have a procedure in place in order to process benefit claims. There must also be a plan in place to provide information to a participant regarding why his or her claim was denied.
There are other requirements beyond the above that must be followed to ensure compliance with ERISA. Our lawyers can help with all document drafting and review to help ensure that your labor organization is legally protected.
Contact Us to Learn More
To find out more about our ERISA compliance services, call us at 646-902-5727. You may also contact us online.