Great Lakes Wire

In the current regulatory landscape, compliance remains a primary concern for small businesses. It is essential for their sustainability and growth, involving adherence to various local, state, and federal regulations while maintaining clear communication with employees.

One critical area of compliance is employee handbooks, which detail company policies, procedures, and expectations. These handbooks promote a positive company culture and should be accessible to all employees. Employers are encouraged to document employees' acknowledgment of the handbook.

Displaying workplace posters is another legal requirement, informing employees of their rights under various work-related laws. Employers must ensure the correct posters are displayed to avoid legal penalties.

For businesses covered by the Consolidated Omnibus Budget Reconciliation Act (COBRA), understanding the law is crucial. COBRA allows workers and their families to continue their employer-provided health benefits under specific circumstances. Outsourcing COBRA administration can save time and money while avoiding penalties.

Consumer-directed health plans, including Premium Only Plans (POP) and Health Savings Accounts (HSA), provide tax benefits. Employers must determine eligibility and communicate plan details to employees. Expert administration of these plans can simplify compliance for businesses.

Summary Plan Descriptions (SPD) inform employees about their benefits and should be updated regularly to stay compliant. Compliance with the Employee Retirement Income Security Act (ERISA) and the Affordable Care Act (ACA) involves providing necessary plan information and establishing grievance procedures.

The Earned Sick Time Act (ESTA) that took effect on February 21, 2025, is also crucial for compliance. To assist businesses, the Small Business Association of Michigan (SBAM) offers an ESTA Compliance Hub.

Staying compliant requires continuous effort. SBAM provides resources such as discounted employee handbooks and trusted administration services to help businesses navigate compliance challenges and focus on growth.

SBAM's partnerships with Mavacy, the American Society of Employers, and Kushner & Company offer a range of services to streamline operations and enhance compliance for small businesses.