7 tips to avoid compliance missteps during open enrollment
Inaccurate or incomplete open enrollment materials can create employee confusion and result in legal liability.
By Megan Mardy, Jacob M. Mattinson and Emily Rickard|October 30, 2018 at 01:03 PM
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One of the busiest times of year for an employee benefits professional is open enrollment. It is a crucial and yet stressful time of year that typically results in numerous employee questions and complaints and is a time of year with high potential for both employer and employee mistakes. Despite the stress and potential for problems, open enrollment provides an opportunity for a company to set itself up for success for the following year.
The Employee Retirement Income Security Act (ERISA) does not require an annual opportunity for employees to change benefit plan elections. However, because of compliance issues that can spring from not offering a regular enrollment period, most companies choose to offer an “open enrollment” period, usually taking place in mid- to late fall for calendar-year health and welfare benefit plans.
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