Compliance
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Your Partner in Tailored Benefit Solutions
Today’s regulatory environment creates ongoing risks for an organization. The patchwork of state and federal laws governing benefits increases the complexity of compliance and puts employers at risk for penalties. Understanding the financial, operational, and strategic ramifications of those regulations is a critical, and core, aspect of benefits administration. It is not enough to know about the regulation, organizations need the tools to understand how to comply.
Parrott’s compliance team helps organizations define the “what” in a regulation but also the “how”. This includes assisting clients with educating, interpreting, and managing benefits regulations.
Parrott’s three pillars of policy
Guidance
Communication
Advocacy
Resources
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News: Compliance
Upcoming ACA Reporting Deadlines
Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply
PCORI Fee Amount Adjusted for 2025
The Internal Revenue Service (IRS) has issued Notice 2024-83 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years
7 Employment Policies to Review in 2025
Employee handbooks are important for establishing employee expectations, addressing workplace issues and defending against potential lawsuits. Failing to update the