Employee Benefit Plans: Act Now to Avoid Unpleasant Surprises

by Elizabeth L. Foster-Nolan,

Wayne H. Miller and Barbara S. Sargent, Goulston & Storrs, P.C.

Employee benefits play a large role in the attraction and retention of an employers workforce, and family-owned businesses are no exception.  The end of the calendar year is usually a time when employers are providing their employees with benefit plan elections for the coming year.  While employees are reviewing their benefit choices, employers should use this time to review their benefit plans to ensure they are in compliance with the myriad of complex laws related to health and retirement plans.

Keeping up with the laws regarding benefits is not always an easy task.  Here are some important areas that may need your attention. More…