August may have been a relatively quiet month in the employee benefits world but there are still some changes employers should be aware of. View UBA's August 2018 Compliance Recap on our blog now. ...
ERISA's "Church Plan" Exception Great article from our partner, United Benefit Advisors (UBA) by Danielle Capilla. The Employee Retirement Income Security Act (ERISA) was signed in 1974. The U.S. Department of Labor (DOL) is the agency responsible for administering and enforcing this law. For many years, most of...
Make sure you are aware of all the requirements for Form 5500 reporting. Take a look at this great article from our partner, United Benefit Advisors (UBA) about how to properly file Form 5500 by Anne B. Vandeveer. Most companies are fully aware of Form 5500...
Make sure to stay up-to-date with the most recent compliance alerts from our partners United Benefits Advisors (UBA), Starting on January 1, 2017, certain small employers have the option to reimburse individual health coverage premiums up to a dollar limit through Qualified Small Employer Health Reimbursement...
During the month of July numerous new regulations were issued or proposed by federal agencies, and existing forms and processes were updated. In particular, penalties for various ERISA violations were increased, a major overhaul to Form 5500 filings was proposed, and draft 1095-C and 1094-C...
Great read from our partner, United Benefit Advisors, by Jennifer Kupper, In-House Counsel & Compliance Officer for iaCONSULTING, a UBA Partner Firm. Original Post from UBABenefits.com on July 19, 2016 Form 5500 is the annual report that group benefit plans use to report required information about the...
Released by the United States Department of Labor through The Federal Register on July 1, 2016. Effective August 1, 2016, the amounts for civil penalties will be adjusted as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The interim final rule made adjustments...
Original post employeebenefitadvisor.com WASHINGTON -- As the dust begins to settle after the Department of Labor issued its hotly contested fiduciary regulation, one of the key officials who led the rulemaking initiative says that he anticipates issuing clarifying guidance on an ongoing basis as industry feedback...
Many smaller companies simply don’t have the bandwidth to get them completed. The CEO of a ten-person company is most likely also the HR Manager, CFO, and buyer of office supplies....
An IRS plan audit uniquely focuses an employer’s mind on the core identity of its qualified retirement plan, which is that of a tax exempt organization, but one whose exemption (or “qualification”) requirements are far pickier than those applicable to one’s favorite charity....