Helping You Stay Compliant

Managing an employee benefit program comes with numerous requirements and responsibilities. With our history rooted in tax-favored plans for education employers, American Fidelity provides benefits and services for Section 125 Plans and other benefit programs. We want to guide and assist so that you may stay compliant with current laws.

Keeping Employers Updated

Staying knowledgeable of the current law is challenging. With an entire compliance team dedicated to monitoring and educating our customers as changes occur, we can help turn complicated material in to something more understandable.

We do this through:

  • One-on-one meetings with account managers
  • Lunch-and-learns
  • VIP email notifications
  • Quarterly newsletters

Section 125 Plan Documentation

From plan documents to board resolutions, American Fidelity can assist with your compliance obligations.

  • Provide sample plan document, as well as updates based on legal changes
  • Collect election forms from employees
  • Assist in showing equal opportunity for enrollment

Major Medical Plan Waivers

If you’re an employer with 50+ full-time employees, you need a way to show that you offered adequate and affordable major medical coverage as defined under the Patient Protection and Affordable Care Act (ACA). We can provide documentation to satisfy the law and help avoid triggering a penalty.

Plan Communication

Educating employees on the benefits and services available to them is key to a successful benefit program. This communication is the basis of our enrollment model. In addition to health and welfare benefit plan education, we can also provide required sample communication, including annual plan eligibility, to employers.

Health Flexible Spending Account and Health Reimbursement Arrangement Claims

Knowing what expenses the federal law considers eligible for reimbursement under a Health FSA or HRA and determining where proof of purchase is required is important to keep your plan compliant. We have established a thorough process to help keep employers in compliance.

Tax Reporting Assistance                                      

Completing W-2 Forms can be tedious. To assist, we provide information for:

  • Dependent Day Care FSAs
  • Applicable insurance claims
  • Data for American Fidelity premiums required for larger employers

Additionally, Third-Party Sick Pay Reports are available monthly to review, download, and print anytime on our Online Service Center.

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