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So far BC2 has created 95 blog entries.

Who is Exempt from Filing Form 5500?

Is your business exempt from filing Form 5500? The Form 5500 is an annual report that is filed with the Department of Labor containing information about the financial conditions, investments, and operations of a 401k plan. It [...]

By |2023-12-01T08:39:46-05:00June 10, 2023|ERISA, ERISA Compliance, Form 5500|Comments Off on Who is Exempt from Filing Form 5500?

New Compliance Requirements Added by the Secure Act

How the Secure Act Revolutionizes Your Retirement: Unpacking the Details The Secure Act, or Setting Every Community Up for Retirement Enhancement Act, is a bipartisan reform bill that increases access to benefit plans and expands employee retirement [...]

By |2023-11-18T19:53:04-05:00June 10, 2023|Business|Comments Off on New Compliance Requirements Added by the Secure Act

Benefit Plan Penalties: Employers to Face Steeper Benefit Plan Penalties for Non-compliance

Benefit plan penalties could soon see an upward adjustment to account for inflation. Most of these benefit plan penalties have not seen any updates for years. It is the duty of benefit plan managers to ensure that [...]

By |2023-11-18T19:54:37-05:00June 10, 2023|Benefits Compliance Consulting, ERISA Compliance|Comments Off on Benefit Plan Penalties: Employers to Face Steeper Benefit Plan Penalties for Non-compliance

Compliance Consulting Services Help Grow Your Business.

Compliance consulting services are a fact of life in the running of a business. Our benefit consultants group is prepared to assist you with all your compliance consulting needs. We hope you enjoy our post on how [...]

By |2023-11-18T19:55:55-05:00June 10, 2023|Business|Comments Off on Compliance Consulting Services Help Grow Your Business.

Department of Labor – “Request for Information and Required Response”

URGENT COMPLIANCE BULLETIN FOR IMMEDIATE RELEASE Date:              May 20, 2021 From:             Benefits Compliance Consultants ([email protected]) To:                  All Employee Benefits Agents and Plan Administrators Re:                  Department of Labor – “Request for Information and Required Response” [...]

By |2023-11-18T19:59:10-05:00May 23, 2021|Business|Comments Off on Department of Labor – “Request for Information and Required Response”

Avoiding IRS Penalties with Monthly ACA Compliance

As the IRS is expected to follow through on the ACA mandate fervently, it is critical that employers comply with the ACA process to avoid any penalties from the Internal Revenue Service. As per the mandate, companies [...]

By |2023-11-18T20:01:00-05:00July 7, 2020|Business|Comments Off on Avoiding IRS Penalties with Monthly ACA Compliance

ACA Compliance Remains a Concern for Employers

Ever since the ACA came into being, a lot of organizations have always struggled to understand all the requirements and guidelines that came with it. It has always remained an issue for employers. Some companies, on the other [...]

By |2023-11-05T17:38:43-05:00March 26, 2020|Business|Comments Off on ACA Compliance Remains a Concern for Employers

Busiest Trends in Work Benefits for 2020 & What to Expect?

With the economy at record highs, employers from all over the country are strategizing on ways to attract and retain prospective top talents for their companies. One of the most effective ways they do this is by providing [...]

By |2023-11-05T17:37:24-05:00February 9, 2020|Business|Comments Off on Busiest Trends in Work Benefits for 2020 & What to Expect?

ERISA’s Electronic Disclosure Rules

New Electronic Disclosure Rules Proposed by the DOL and its DetailsThe Department of Labor has proposed that retirement plans would need to have a new safe harbor process for the electronic delivery of participant notices. This comes as [...]

By |2023-11-05T17:36:35-05:00January 27, 2020|Business|Comments Off on ERISA’s Electronic Disclosure Rules

An Essential Guide to Understanding ERISA Wrap Documents

Essential Guide to Understanding ERISA Wrap DocumentsMany employers understand the significance of complying with ERISA (Employee Retirement Security Act) plan documents. These documents contain disclosure requirements for various retirement plans, including 401(k). But it’s startling to see some [...]

By |2023-11-05T18:09:18-05:00November 7, 2019|Wrap SPD|Comments Off on An Essential Guide to Understanding ERISA Wrap Documents
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