At Stratford, we understand that it’s a required function of an employee benefits and employer services provider to take on the role of keeping your company compliant. Employers cannot possibly devote the time required to maintain an ongoing, high-level knowledge of the legislative changes affecting benefit plans today. Our solutions, all offered and provided by in-house personnel, allows a single source solution for all your compliance needs and concerns.
PPACA/Healthcare Reform Guidance
The Affordable Care Act (ACA) is a complex and expansive law, and its provisions, corresponding regulations and deadlines for employers are constantly evolving. With Stratford, you receive up to the minute guidance and advice from industry recognized subject matter experts. Clients and prospects also have access to our Health Reform Made Easy Impact Report, a customized PPACA impact analysis that will provide specific insight, guidance, figures and answers to questions specific to your company.
Tax Favored Benefits Administration
Stratford is unique in our ability to provide our clients in-house compliance and administration of tax favored benefits programs such as Section 125 Premium Only Plans, Flexible Spending Accounts, Daycare Accounts, Health Reimbursement Arrangements, Health Savings Accounts, Parking and Transit accounts. Employees also have access to both manual and smart card automated claim technology.
COBRA Compliance and Administration
Stratford is proud to also offer in-house administrative technology and compliance allowing employers the ability to meet the ever-changing requirements of COBRA. Our in-house service means there is no need to rely on a third party vendor. We provide single source access to proper reporting and notices, timely interaction with insurers and oversight of premium collection.
ERISA Compliance and Document Preparation
The Employee Retirement Income Security Act (ERISA) sets the reporting and disclosure standards for Pension and Health and Welfare Benefit Plans. This area of employee benefits compliance is rapidly becoming the most overlooked and the most highly penalized focus of Department of Labor audits. Stratford provides an ongoing in-house compliance solution that will protect your company by supplying the requirements such as the Plan Document and Summary Plan Descriptions.