The Boon Group® has the expertise and resources to help clients address compliance issues ranging from custom legal document preparation to independent accounting and reporting.

Legal, Licensing and Compliance Services

• Custom plan documents and summary plan descriptions preparation
• Trust arrangements establishment, trust documents and agreements development, and assistance to trustees
• Compliance with HIPAA Privacy and Security rules monitoring and agreements
• Tracking of federal legislation governing ERISA plans, as well as state legislation and ensuring compliance with new regulations
• Contracting brokers
• Carrier appointments
• Carrier contracts
• Affordable Care Act compliance
• State mandate requirements
• Employer support with DOL audits
• Licensing for sales staff, enrollment staff and subsidiaries

Accounting Services

• Independent and second level accounting for all cash received and disbursed for each plan
• Monthly financial reports for each Trust including balance sheets, income statements and bank reconciliations
• Processing of all cash transactions related to claims checking accounts including positive pay, daily transaction balancing and monthly account reconciliation
• Commission payments and commission statement distribution to agents, brokers and consultants
• Form 1099 issuance (including providers)
• Payroll processing including quarterly and year end reporting
• Independent audit support for Form 5500 filings
• Support for Form 5500, Form 990 and Form 1041 filings
• Monthly reconciliation of carrier’s premiums and monthly disbursement of funds.