Richard Asensio

Vice President and Director of Compliance

Responsibilities: Richard consults with clients on health and welfare compliance issues regarding eligibility and plan administration, including implementing the provisions of the Affordable Care Act (ACA) and other federal legislation, monitoring and analyzing new and ongoing federal and state legislation, reviewing employee benefit communication and enrollment materials, and drafting wrap plan documents and summary plan descriptions. He performs in-depth legal research and analyses of complex federal tax and ERISA matters and assists clients in choosing appropriate strategic options to safely navigate increasingly complicated compliance requirements.

Industry Experience: Since May 1999

Education: Juris Doctor (JD) from the University of San Diego School of Law

Duration at Burnham: Since February 2013

Notable Quality/Achievement in the Benefits Industry/Designations: Richard is a member of the California State Bar. He has more than 17 years of experience consulting with employers on both qualified and non-qualified plan compliance issues, as well as extensive knowledge of state and federal requirements that impact employee benefit plans. His areas of special expertise include IRS, ERISA, COBRA and HIPAA compliance, ACA implementation, nondiscrimination testing, as well as performing plan document and operational compliance reviews of retirement and health and welfare plans. Richard is called on regularly to present to civic and benefit organization on ACA implementation. Prior to joining Burnham Benefits, Richard worked for Aon Hewitt Consulting, Arthur Anderson and Fidelity Federal Bank.

Personal Interests: Richard enjoys travel, photography, and bike riding.