Benefits Compliance Services

As an employer, particularly if you have plan fiduciary responsibility under the Employee Retirement Income and Security Act and Patient Protection & Affordable Care Act, you risk penalties, fines, and even lawsuits if you’re not keeping up with the multitude of rules and procedures governing employee benefit plans. Woodruff-Sawyer can help you navigate through the legislation and minimize your exposure to penalties. As a partner of our core services the following items are available to clients:

Compliance Services	Frequency	Services Provided By*
Full Compliance Audit	First 90 Days of Engagement	Employer/WS&Co. Compliance Officer
Legal Disclosure Materials, ERISA Plan Document, HIPAA Privacy and Security Policies & Procedures	Ongoing	Employer/WS&Co. Compliance Officer
Day-to-Day Legal Support and Research	2+ Hours Average per Month	Employer/WS&Co. Compliance Officer
Monthly Legislative Updates (includes Newsletters, Seminars, Webinars and Podcasts)	Ongoing	Employer/WS&Co. Compliance Officer
Employee Handbook Review	Every 3 Years	Employer / ThinkHR
Employment Practices and Policies Consulting	2+ Hours Average per Month	Employer / ThinkHR
Health Care Reform Analysis of Plan Design and Compliance	First 90 Days of Engagement	Employer/WS&Co. Compliance Officer
Estimated Value of Services $45,000-$80,000

*For current clients, compliance consulting services are built into our fee. Compliance consulting services for non Woodruff-Sawyer clients are available on a service contract basis. All compliance consulting services are no substitute for legal advice or opinion in any particular case.

**Woodruff-Sawyer does not provide attorney client privileged legal advice to clients and any services delivered by the compliance team are no substitute for legal advice or opinion in any particular case. IRS circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this communication unless expressly stated otherwise, was not intended or written to be used, and cannot be used for the purpose of (i) avoiding tax related penalties under the Internal Revenue code or (ii) promoting, marketing or recommending to another party any tax-related matter(s) addressed herein.