Categorized as: Blog

4th Quarter Newsletter of 2017

Below please find our Compliance Observer Newsletter for the final quarter of 2017. This newsletter contains information on many employee benefits compliance issues. The following articles, information, and important reminders are contained in this Newsletter: IRS Letter 226J Has Arrived ACA Reporting – Publication 5223 Solicitation of Social Security Numbers for ACA Reporting Advance Copies of Form 5500 for 2017 IRS Issues Detailed Guidance on QSEHRAs PCORI Fee Increase Expansion of Contraceptive Coverage Exemptions MLR Rebates Paid Sick Leave Laws Family Deductibles – What you Need to Know Compliance Observer Newsletter- 4th Quarter 2017

Wellness Plans: Best Practices and Easy Compliance Rules You Need to Know

Thursday, November 30th, we will be joined by Cary Seager and Kristin Meschler for our free monthly webinar beginning at 3 PM. The webinar has been pre-approved for HRCI & SHRM credits. This month will be focusing on best practice case studies for wellness plans from their work with clients varying in size and industry. Additionally, you will learn how to avoid legal landmines when developing an effective wellness program. Register Here 

Pay or Play Enforcement is Here

As we reported in our 2nd Quarter Newsletter, the IRS has indicated it would notify applicable large employers (ALEs) in 2017 of their potential penalties for failing to comply with the employer shared responsibility mandate for the 2015 calendar year. With the numerous attempts this year to repeal or replace the Affordable Care Act (ACA), ALEs may have thought ACA penalties would never come to fruition; unfortunately, that’s not the case. On Nov. 2, 2017, the Internal Revenue Service (IRS) updated its Questions and Answers (Q&As) on the employer shared responsibility rules under the ACA to include information on enforcement….

IRS Announces 2018 Contribution Limits for 401(k)s, FSAs, and More

The IRS has announced the 2018 cost-of-living adjustments (COLAs) with respect to retirement plan limits. Many limits, which are adjusted by reference to Code Sec. 415(d), are changed for 2018 since the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, others remain unchanged. Certain dollar limit changes keyed to Code Sec. 1(f)(3), some of which were previously calculated by Thomson Reuters Checkpoint editors, have also increased. IR 2017-177; Notice 2017-64, 2017-45 IRB. The following is a complete list of contribution changes:  401(k) Annual contribution limit – changes to your election can be made any…


“The time has come to give Americans the freedom to purchase health insurance across state lines, which will create a truly competitive national marketplace that will bring costs way down and provide far better care.” – President Donald J. Trump EXPANDING ACCESS TO MORE AFFORDABLE OPTIONS: President Donald J. Trump is taking action to increase the healthcare choices for millions of Americans, potentially allowing some employers to join together across State lines to offer coverage. President Trump signed an Executive Order to reform the United States healthcare system to take the first steps to expand choices and alternatives to Obamacare…

Volunteering in the Community

On Friday, October 6th Aida volunteered her time to Habitat for Humanity in Morris County. “Painting is not my forte but it was for a worthy cause!”

3rd Quarterly Newsletter of 2017

Please find our Compliance Observer Newsletter for the third quarter of 2017. This newsletter contains information on many employee benefits compliance issues. The following articles, information, and important reminders are contained in this Newsletter: Determining if Your Business is an ALE for Reporting & Penalty Purposes Final Forms for 2017 ACA Reporting EEOC’s New Wellness Program Rules a Bust New SBC Template Required for 2018 Open Enrollment Changing HSA Contributions under a Cafeteria Plan More Employers Requiring Same-Sex Couples to Marry to Receive Benefits 2018 IRS Plan Maximums & Benefit Limits New Form I-9 Must be Used Now Compliance Observer Newsletter- 3rd Quarter…

Year-End Compliance Requirements & Deadlines

Key benefit requirements and deadlines for 2017. September Summary Annual Report (SAR) – A narrative summary of your Form 5500, including a statement of the right to receive the annual report, must be distributed to plan participants by the last day of the ninth month following the end of the plan year, or September 29th for calendar year plans (since September 30th falls on a Saturday). Plans that have an extension of time to file the Form 5500 must provide the SAR within two months after the extension. MLR Rebates – The deadline for issuers to pay medical loss ratio…

Don’t be Fooled! ACA Employer Mandate Penalties are Still Effective

Contrary to popular belief, the ACA’s individual and employer mandate penalties continue to apply and the IRS intends to enforce them. Much of the confusion surrounding the ACA mandate penalties stems from President Trump’s Inauguration day Executive Order, in which he directed federal agencies to “minimize the unwarranted economic and regulatory burdens” of the ACA until the law could be repealed or replaced. However, according to the IRS website, the mandates are still in force, despite the Executive Order and the IRS’ decision not to implement a program rejecting “silent returns” that indicated non-compliance with individual mandate requirements for 2016…

Voluntary Benefits: Choosing the Right Fit

Join Crawford Advisors’ (an AssuredPartners Company) Director of Voluntary Benefits, Stephen Ivey, for this HRCI* and SHRM** pre-approved, complimentary, one-hour webinar as he explores how to design, communicate and administer voluntary plans. Listen in on how these benefits are customized specifically to an employer’s core benefits program instead of the more common one-carrier-fits-all approach in the market. Topics include: Primary vs Supplemental State of the Market Employer Risks/Concerns Communication & Enrollment Strategies Administrative Platforms Register Now! This webinar is pre-approved for HRCI & SHRM Credits!