- Why are the current benefits in
place?
- What is the contribution strategy?
- Are there distinct classes of
employees?
- Is there a strategy in place or is it
dealt with at renewal year by year?
- If you had a blank board to design a
benefit plan, please describe.
- When was the last time the plans were
reviewed?
- Are you getting financial data from
carriers?
- What is the new hire process? Sample
materials?
- Describe the open enrollment process.
- Are employee communications designed
to support your company’s investment?
- Who do the employees turn to if there
is an issue (ID card, claim, appointment)?
- Describe COBRA/HIPAA administration.
- Does the retirement plan have updated
investment policy statement?
- Are you 404(c) compliant?\
- Are you comfortable with your
fiduciary responsibilities in regards to the plan?
- How are you protecting yourself from
personal and corporate liability?
- Do you feel ready to pass a DOL audit
(investments, costs, IPS, training)?
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Checklist of
information needed for All Plans (Medical, Dental,
Life, D/I, Ancillary, 401(k)):
- Plan Documents
- Premium history
- Census (template will be
emailed)
- Reinsurance and TPA
Documents (if selfinsured)
- Claim and Enrollment
history by month for last two years
- Sample communication
materials
- Employee handbook
- COBRA/HIPAA/Flex
Documents
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