ERISA 105 SIMRP Compliance Audit
Budget: $250 – $750 USD
I need a concise legal review of the way we reimburse employee health-care premiums inside our self-insured medical reimbursement plan (SIMRP). The work must be performed under ERISA §105, with the goal of confirming that every reimbursement procedure, eligibility definition, record-keeping practice, and employee notice currently in place can stand up to regulatory scrutiny.
Scope
– Review plan documents.
– Provide a brief one-page written report that cites the controlling ERISA and tax-code provisions, and argues the case for compliance.
- Provide on phone assistance with potential client and their attorney to help them understand why plan is compliant, agree that risks are minimal, and that those small risks are mitigated with our Client Indemnification Agreement.
Acceptance criteria
• Clear pass/fail checklist for each tested item.
• Actionable recommendations referencing exact statutory or regulatory language.
• A brief executive summary that can be shared with senior management.
You are free to use your preferred research tools, but all conclusions must track directly to ERISA, the Internal Revenue Code, and any relevant DOL guidance.
Scope
– Review plan documents.
– Provide a brief one-page written report that cites the controlling ERISA and tax-code provisions, and argues the case for compliance.
- Provide on phone assistance with potential client and their attorney to help them understand why plan is compliant, agree that risks are minimal, and that those small risks are mitigated with our Client Indemnification Agreement.
Acceptance criteria
• Clear pass/fail checklist for each tested item.
• Actionable recommendations referencing exact statutory or regulatory language.
• A brief executive summary that can be shared with senior management.
You are free to use your preferred research tools, but all conclusions must track directly to ERISA, the Internal Revenue Code, and any relevant DOL guidance.