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Compliance:
Benefit administration is an area of intense government regulation. By partnering with Great Lakes Strategies, you have an entire team of experts with a vested interest in staying current.
Your GLS team is proficient in regulatory compliance. It is our business to be aware of typical government regulated turnaround times for administration of COBRA, pension calculations, Qualified Domestic Relations Orders (QDROs), and other common benefit transactions.
What's more, GLS can provide assistance with the more complicated aspects of compliance. You may simply wish for us to provide the benefits data to facilitate compliance in the following areas. We invite you to consider our extended compliance capabilities:
- Conduct Section 125-Reimbursement Account non-discrimination testing
- Prepare signature-ready 5500-Schedule Fs
- Facilitate restrictions to benefit coverage and/or pension assets, as mandated by a Qualified Medical Child Support Order (QMCSO), a Qualified Domestic Relations Order (QDRO) or other court orders.
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