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Benefits Compliance Blog

What Happens If You Don’t File Form 5500? Avoid Costly Compliance Mistakes

 What Happens If You Don’t File Form 5500? Avoid the Compliance Monsters This Halloween!It’s Halloween season, and while you might expect ghosts and ghouls around the corner, the real fright for businesses comes in Form 5500 penalties! Failing [...]

By |2024-10-22T14:54:28-04:00October 21, 2024|Audit, Benefits Compliance Consulting, Business, DOL, ERISA Compliance, Form 5500|Comments Off on What Happens If You Don’t File Form 5500? Avoid Costly Compliance Mistakes

How DOL Audits and New Compliance Mandates Could Impact Your Benefits Plan in 2024

As we approach the end of 2024, businesses must be aware of upcoming Department of Labor (DOL) audits and compliance mandates that could impact their benefits plans. Ensuring your benefits plan complies with these new regulations is [...]

By |2024-09-18T09:45:23-04:00September 17, 2024|Audit, Benefits Compliance Consulting, Business, DOL, Health Benefits, Plan Document, Wrap SPD|Comments Off on How DOL Audits and New Compliance Mandates Could Impact Your Benefits Plan in 2024

DOL’s New Cross-Reference Plan Inquiry in 2025 and What Employers Need to Know

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 [...]

By |2024-08-19T12:23:22-04:00August 19, 2024|DOL, ERISA, ERISA Compliance, Form 5500, Health Benefits|Comments Off on DOL’s New Cross-Reference Plan Inquiry in 2025 and What Employers Need to Know

The Future of ERISA Compliance

Evolution of ERISA Regulations ERISA regulations are continuously evolving. Recent changes have introduced new compliance requirements, and future amendments are anticipated to further refine fiduciary responsibilities and reporting standards. Staying ahead of these changes is critical for [...]

By |2024-08-14T14:50:34-04:00August 14, 2024|Benefits Compliance Consulting, ERISA Compliance, PCORI|Comments Off on The Future of ERISA Compliance

Understanding PCORI and Its Importance

What is PCORI? The Patient-Centered Outcomes Research Institute (PCORI) is an independent, nonprofit organization established by the Patient Protection and Affordable Care Act (ACA) in 2010. PCORI's primary mission is to fund research that provides patients, caregivers, [...]

By |2024-07-09T21:42:27-04:00July 9, 2024|Benefits Compliance Consulting, ERISA Compliance, PCORI|Comments Off on Understanding PCORI and Its Importance

How to Ensure Compliance with the Latest ERISA Regulations

Ensuring compliance with the latest ERISA regulations is crucial for plan fiduciaries to protect retirement investors and adhere to the highest standards of care and loyalty. Below are key updates and best practices to help you navigate these [...]

By |2024-06-19T21:11:13-04:00June 12, 2024|ERISA, ERISA Compliance, Health Benefits|Comments Off on How to Ensure Compliance with the Latest ERISA Regulations

Understand IRS PCORI Fees Important Deadlines and Details for 2024

The Patient-Centered Outcomes Research Institute (PCORI) fee is a crucial part of the Affordable Care Act (ACA), designed to fund medical research through the PCORI Institute. For employers and plan sponsors who had a self-insured medical plan [...]

By |2024-05-28T22:19:44-04:00May 28, 2024|ERISA Compliance, PCORI|Comments Off on Understand IRS PCORI Fees Important Deadlines and Details for 2024

Filing Your Business Form 5500 in a Timely Manner

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 [...]

By |2024-04-21T18:36:17-04:00April 21, 2024|Benefits Compliance Consulting, ERISA Compliance, Form 5500|Comments Off on Filing Your Business Form 5500 in a Timely Manner

Avoid Penalties With Ease By Ensuring ERISA Compliance In 2024

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 [...]

By |2024-03-21T12:42:27-04:00March 21, 2024|Benefits Compliance Consulting, DOL, ERISA, ERISA Compliance, Form 5500, Health Benefits|Comments Off on Avoid Penalties With Ease By Ensuring ERISA Compliance In 2024

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?
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