Workforce Audit: Invest to Protect
Through our partnership with Marathas, Barrow & Weatherhead (an ERISA law firm) in Baltimore, Maryland, Phillips Financial has developed a robust Workforce Audit process to help companies find potential risks and prepare for the inevitable governmental audits that will come their way.
The Workforce Audit examines several areas of potential risk, including, but not limited to:
- Affordable Care Act
- DOL Compliance
- ERISA Plan rules and procedures
- Employee Engagement & Development
- HR Back Office Admin time and costs
- Benefit Plan design and execution
At the completion of the Workforce Audit, organizations are able to assess potential areas of risk, develop a game plan to move forward and, if they so choose, engage with Phillips Financial to help shore up the gaps.