ERISA Compliance

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The Employee Retirement Income Security Act (ERISA) sets federal standards for group health and retirement plans to protect employees’ rights.

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Requirements

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• Plan Documentation – Employers must provide a Summary Plan Description (SPD) to participants.

• Fiduciary Duties – Employers must manage plans in the best interest of participants.

• Reporting – Annual Form 5500 must be filed for applicable plans.

• Recordkeeping – Accurate plan and participant records must be maintained.

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Why this matters:

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• ERISA violations often result in civil penalties and Department of Labor audits.

• Proper documentation (SPDs, notices) prevents disputes and builds employee trust.

 

At Sprout & Vine, we coordinate ERISA compliance by preparing SPDs, assisting with filings, and keeping your plan records audit-ready.