Keeping your business and your employees compliant with benefits laws is a constantly-moving target. You’re tasked with juggling multiple regulation requirements for Section 125 Plans, the Patient Protection and Affordable Care Act (ACA), and the Department of Labor (DOL), just to name a few. Plus, those regulations are subject to change. If you’re not keeping up with those changes, you could face serious repercussions, including possible penalties.
Why handle that responsibility alone?
Partner with Compliance Professionals
American Fidelity and American Fidelity Administrative Services (AFAS) can help you stay up to date with federal benefits regulations and assist with an action plan.
American Fidelity Account Managers
American Fidelity has a dedicated benefits compliance team to support each of our specialized industries. All of our account managers go through targeted compliance-focused education every year so you're getting updated benefit guidance and support.
American Fidelity Administrative Services
AFAS is staffed with professionals who have extensive expertise in providing benefit plan consulting and compliance review services for both large and small employers. AFAS’s goal is to deliver a broad range of solutions to help our customers save time and money in connection with their health and welfare benefit plans.
Compliance Strategy
Education
When regulations change, you’ll receive a notification with a summary of how they may affect your group. Your employees will be notified too, if changes affect them. If needed, webinars, group meetings, and other resources are available.
Consultation
AFAS compliance consultants are available to provide a specific breakdown of how regulations affect benefit plans. If an action plan is needed, they will work with you to create one, customized for your needs. Plans may include detailed communication strategies or benefit plan changes.
Services
American Fidelity and AFAS both offer benefits compliance services, such as Section 125 Plan administration, nondiscrimination testing, and ACA reporting. These services are designed specifically for your group.
Recent Compliance Articles
ACA won’t go away: Are you at risk for being fined?
9 minute read
ACA is here to stay. With more and more organizations being fined for missteps in their reporting, being in compliance is more important than ever.
- Tags:
- ACA
- Compliance
2023 adjustments to 401(k) and defined contribution plans
2 minute read
The Internal Revenue Service (IRS) has just announced 2023 adjustments for 401(k) and similar defined contribution plans.
- Tags:
- Retirement
- Compliance
Newly released: IRS changed affordability rules for families
5 minute read
The eligibility standards for the ACA premium tax credit have changed. Here’s what it means for employers and employees.
- Tags:
- ACA
- Compliance
About American Fidelity Administration Services
In response to great demand from customers to provide more in-depth health plan analysis and consulting assistance, American Fidelity Administrative Services (AFAS) was established. AFAS is proud to be a member of the American Fidelity family of companies.
Contact your American Fidelity account manager or AFAS for customized compliance assistance.