SSAE 16 Compliant Provider of Defined Benefit Plans
For 50 years, clients have entrusted their defined benefit plan administration to CHAMPS. And as an SSAE 16 compliant service provider, we give clients peace of mind, knowing their employees’ information is safe and secure.
What does it mean to be SSAE 16 Compliant?
In today’s global economy, service providers must demonstrate they have adequate controls and safeguards when they host or process data belonging to their clients. A Statement on Standards for Attestation Engagements (SSAE) No. 16 audit is the new service organization reporting standard, formerly known as Statement on Auditing Standard (SAS) No. 70.
This voluntary, independent audit signifies CHAMPS has been through an in-depth audit of all of its operations, controls, policies and procedures related to CHAMPS healthcare pension plan administration. As an SSAE 16 compliant Third Party Administrator (TPA) of your defined benefit plan, CHAMPS Benefits Consulting will demonstrate an unwavering commitment to ensuring the highest level of accountability to business controls and processes. Rest assured, CHAMPS understands the sensitivity of the data we are working with and has put in place the appropriate security and safeguards to protect your data.
Contact us to learn more about becoming SSAE 16 compliant by working with Cleveland’s leading third-party benefits administrator.