The ever-changing and complex regulatory environment of employee benefit plans places a growing compliance burden on HR professionals. Failure to properly complete and file required governmental forms can subject a plan sponsor to costly penalties and fines.
Our process for preparing governmental forms reduces your risk and is efficient, secure and compatible with electronic filing requirements.
In a regulatory environment that increasingly requires additional levels of disclosure and transparency, Towers Watson has the knowledge and experience to assist you with completing all your compliance filings. Our services include:
- Signature-ready preparation services. Includes data collection from multiple sources, as well as review and reconciliation of financial and participant data, and consulting review of client-prepared forms
- Compliance consulting. Dedicated subject-matter expertise to ensure complete and accurate filings to reduce the risk of penalties and fines
- Ongoing support. A committed team of specialists monitoring employee benefit legislation and regulatory activities to provide technical guidance, and address the impact changes may have on reporting and disclosure requirements for plan sponsors