Welcome to the ERISA Advisory Group
Since 1995, our Independent Fiduciaries and Consultants have been helping businesses across the United States stay ERISA compliant. Whether your organization offers Retirement Plans, or Health & Welfare Plans covered under the Employee Retirement Income Security Act of 1974, our team is uniquely qualified to both design your plan and maintain compliance with the law.
Welcome to the ERISA Advisory Group
Since 1995, our Independent Fiduciaries and Consultants have been helping businesses across the United States stay ERISA compliant. Whether your organization offers Retirement Plans, or Health & Welfare Plans covered under the Employee Retirement Income Security Act of 1974, our team is uniquely qualified to both design your plan and maintain compliance with the law.
What We Do
The ERISA Advisory Group has extensive experience in all aspects of employee benefit plans. Now more than ever, a fiduciary review of all benefit plans is essential to staying fully compliant. A strong fiduciary partner is critical of qualified plan management. The ERISA Advisory Group is your strong partner with comprehensive strategies to ensure you will always be compliant across all ERISA regulations.
ERISA INSIGHTS
Our ERISA Insights blog is your go-to resource for up to date information and analysis on ERISA rules & compliance issues. Every month, we publish stories about the DOL’s latest findings when investigating companies in your industry, as well as articles breaking down some of the lesser-known (and rarely talked about) best practices for operating employee benefit and retirement plans. Click the button below to start reading!
ADVICE AND GUIDANCE
Who We Serve
ADVICE AND GUIDANCE
Who We Serve
See Why Our Clients Value Us
“William, [President of the ERISA Advisory Group], has a strong background coming out of the Department of Labor. He has expertise in the area – the necessary experience to do not only the RFP process but also be able to analyze them and put together the proper documentation to support his recommendation that he makes to the Board of Directors.”
– EXECUTIVE DIRECTOR OF A BONA FIDE TRADE ASSOCIATION
The core principle behind our practice as Independent Fiduciaries is trust. Like a good accountant or lawyer, the fiduciary in charge of your employee benefit or retirement plan needs to be someone who is reliable and trustworthy. At the ERISA Advisory Group, our clients value us because we always answer your phone calls, provide solutions to problems, and deliver on our promises.
As Independent Fiduciaries, one of our highest values is placed on a principle known as the “Prudent Person” rule. This rule binds us to using our expertise in ERISA compliance and employee benefit best practices when offering advice or making decisions on behalf of your plan. In other words, we would never tell you to do something that we wouldn’t do ourselves.
Our independent relationship as your ERISA Fiduciary is crucial to maintaining the integrity of your plan. The ultimate fiduciary responsibility in operating a Health & Welfare or Retirement Plan lies in making decisions that put the interests of plan participants and beneficiaries above those of your organization or plan fiduciaries. This is the undergirding principle behind our practice, and is effective in protecting against self-dealing and other prohibited transactions.
Latest News from the DOL
Stay up-to-date with the latest news on the policy, legislative, regulatory, and litigation-driven changes to scopes of fiduciary status and ever-increasing fiduciary duties and requirements.
- US Department of Labor finalizes farmworker protection rule
- Statement by Acting Secretary Su on announcement of construction of two new semiconductor fabrication sites in New York
- US Department of Labor recovers $245K for 10 cooks whose employer deliberately denied overtime, minimum wages; assesses $8K in penalties
- Department of Labor adds 16 new large federally funded projects to program promoting equal access to good jobs created by Investing in America agenda
- Department of Labor will offer online wage seminars in May, August on prevailing wage requirements for federally funded projects
- Department of Labor highlights more than 1,000 planned clean energy projects with potential for good-paying jobs on new interactive map
- Vermont restaurant retaliated against server, underpaid workers, violated child labor provisions, US Department of Labor investigation finds
- El Departamento de Trabajo recupera casi $85K para 32 conductores de transporte erróneamente clasificados como contratistas independientes
- Department of Labor recovers nearly $85K in owed wages for 32 mobile home transportation drivers, laborers misclassified as independent contractors
- Tamuning contractor faces $1M in penalties after federal inspectors find employees again exposed to potentially fatal trench hazards
- US Department of Labor cites 2 Florida construction contractors after finding lack of crane safety protocols led to 37-year-old employee’s fatal injuries
- Department of Labor obtains judgment ordering contractor to pay nearly $1.2M in wages, damages, penalties for illegal employment practices
- Biden-Harris administration announces rule to protect retirement savers’ interests by updating investment advice fiduciary definition
- Department of Labor again cites Hanover Foods for exposing workers to dozens of safety, health hazards; proposes $761K in penalties
- Biden-Harris administration finalizes rule to increase compensation thresholds for overtime eligibility, expanding protections for millions of workers
EBSA 2023 Monetary Results
EBSA Restores over $1.4 Billion to Employee Benefit Plans, Participants & Beneficiaries in 2023. The Employee
Exploring Common Types of ERISA Fiduciary Services
As a business owner, you know that managing employee benefits is an important part of running your company.
Mitigating Liability through ERISA Compliance
Fines and penalties for not complying with ERISA totaled $931 million in FY 2022. The risk of an