Each year, employers are obliged to ensure that their Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Group Term Life Insurance, and Self-Insured Medical Plans do not discriminate in favor of Highly Compensated Individuals (HCI).
These calculations and tests can be confusing and challenging. Meanwhile, employers who fail to test annually risk the possibility of a host of fines and penalties.
Temwrk has years of employee benefits experience supported by industry, governmental, and compliance experts. We take the guesswork out of these tests and help ensure compliance of your various employee benefits plans.
- Comprehensive tests that handle all types of plans, employers, and industries.
- User-friendly tools that guarantee tests are conducted correctly, with fast and accurate results.
- Helpful guidance for correcting test failures, for bringing plans into compliance.
- Convenient packaging of multiple tests for complete compliance.