The Department of Labor (DOL) has introduced a new cross-reference plan inquiry process, and it’s making waves in the world of employee benefits compliance. This significant move marks the first time the DOL is leveraging electronic filings [...]
When managing a business with employee benefits, understanding the necessity of "Filing Your Business Form 5500" is crucial. This form ensures the government can verify that companies are properly managing their employee benefit plans. Although filing this form [...]
Ensuring compliance with the Employee Retirement Income Security Act (ERISA) is crucial for employers to avoid hefty penalties. As we step into 2024, it's essential to stay updated on the adjustments to penalties and ensure your health plans [...]
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 [...]
Here is how ERISA Compliance works.ERISA is a law that governs the operations of different retirement plans in the United States. The law also safeguards welfare benefit plans such as insurance plans for group life, dental, and other [...]
Want Form 5500 Answers?The Form 5500 series is a joint development by the DOL, the IRS, and the PBGC. It is a series of returns used to register information on employee benefit plans. Created as a disclosure tool and document, [...]
What is Form 5500?This is an annual report that your business needs to file with the Department of Labor (DOL) to report information about your 401(k) plan operations, investments, and financial conditions. In general, if you have a [...]
Compliance benefits businesses in many ways.It is obvious we live in a world where technology has now become part of our daily lives. Technology has come to change so many things that were hard to accomplish to be [...]
ERISA, which stands for Employee Retirement Income Security Act is a federal law that safeguards retirement plans such as 401ks and health and welfare benefit plans for private employers. The law has been amended many times since [...]
More and more employers are now choosing to get wrap plan document preparation assistance, which means that wrap plan document preparation at this time is more important than ever before. Employers that offer a lot of health [...]
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