Benefits Think

There are four steps advisers can share with employers to proactively address potential abuse in the workplace.

As regulations, policies and case laws constantly change, employers struggle to reach and maintain ERISA and DOL compliance.

In the wake of Hurricane Irma, the program can provide employees services such as counseling and emergency referrals.

Without proper plans in place, like an EAP, employees are more likely to experience personal and health-related problems, use more sick days and potentially leave their company.

Requirements can be difficult to follow, but mistakes can cost a broker and their client big money in fines, penalties, civil lawsuits, audits and more, says Word & Brown’s Marc McGinnis.

Companies that were forced to close need to determine whether they have to pay employees who stayed home as well as handle other employment issues that many may not have thought about before.

Employee assistance programs and telepsychiatry can assist in treating depression and anxiety, as well as aid employers in removing the stigma around seeking treatment.

Brokers need to actively work to become better advisers who are more equipped to help clients, says Danny O’Connell.

As regulations, policies and case laws constantly change, employers struggle to reach and maintain ERISA and DOL compliance.

A recent court's decision effectively nullifies the DOL's overtime rule in its entirety.