BASE^® Blog

HUDDLE UP!  It is the best time of the year – the season of football and Open Enrollment!  With Open Enrollment, BASE® offers our current clients a TIME OUT to look at their business package and see what more can be done to save money.  It is also a great time for new clients to assess their current benefits and add new money saving benefits to their current benefits package.

Our HOME TEAM of Sales Representatives at BASE® will keep a business going with FORWARD PROGRESS, saving the business time, thousands of dollars in tax savings, and keep them in compliance.  They will provide the GAME PLAN on the business’ specific plan and keep employers from getting an UNSPORTSMANLIKE CONDUCT penalty!  Football may only be a 15 yard penalty on the field, but not being in compliance with the IRS or DOL could put employers at risk of penalties starting at $110 per-day per-employee or more depending on the severity of the infraction!

Dealing with employee benefits doesn’t need to be rough.  So whether a current client or brand new, BASE® has a great LINE-UP of Sales Representatives that can help clients reach their GOAL and find what products will be the best (PLAY) OPTION for the business.  

Employer’s health care costs are expected to rise 6.5% this year according to PwC Health Research Institute, but with a Health Reimbursement Arrangement (HRA) or 125 Cafeteria Plan in place, employers can help PASS on savings to their employees, that will in turn save the employer and employees thousands of dollars in health care costs.

So whether a business is self-employed, has a group health plan, or is looking to enhance their current benefits package, there is a custom option available to TACKLE a business’ benefit needs.  Don’t FUMBLE in the RED ZONE or get a DELAY OF GAME – or, in this case, lose out on valuable tax savings!  Call BASE® at 1-888-386-9680 and let’s KICK OFF Open Enrollment together!

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The ERISA Wrap is key to anyone who owns or operates a business. No matter the size of the business, whether one employee or one hundred employees, employers who offer or sponsor health and welfare benefits must provide an ERISA Wrap. The BASE® ERISA Wrap fulfills the ERISA requirement for a SPD and Plan Documents outlined by the DOL and requires little work from the employer. If they fail to provide this, they could be subject to a $100 per-day, per-employee fine.

BASE® offers full compliance assistance and makes it affordable to fill in compliance gaps. Not only does the ERISA Wrap protect employers from the risk of penalties, but BASE® clients benefit from the simple set up and continued customer support. Lisa P., a BASE® ERISA Wrap client, shares her experience. “My experience in setting up a BASE® ERISA Wrap has been incredible. BASE® is courteous and thorough, and their follow up is unlike any other company.”

BASE® believes time is valuable and wants this process to be quick and easy. After talking to a BASE® Sales Representative the following process usually takes place:

Step 1: Employer provides plan information to BASE® for all ERISA employee benefit plans.

Step 2: BASE® produces all required documentation as established by ERISA in the form of a Summary Plan Description and Plan Document.

Step 3: BASE® provides all documentation to employer for distribution to all eligible employees.

Step 4: BASE® continually monitors legislative and regulatory changes to ensure plans remain in compliance and client information is up-to-date.

Simplify ERISA compliance with an easy and affordable solution provided by BASE®. Call 1-888-386-9680 to learn more about the BASE® ERISA Wrap.

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