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Associated Benefits and Risk Consulting - Employee Benefits


Changes to your employee benefits offerings may have changed your compliance obligations

You made it through another plan renewal and open enrollment season, likely following months of planning and decisions about potential changes to plan design, benefit offerings, carriers, funding, and cost sharing. There is another important step that many employers miss. Have you determined whether the decisions you made changed your compliance obligations as the employer plan sponsor? 

ACA reporting is done, but it’s not over yet: Watch out for IRS penalty assessments

You’ve entered all the codes where you should. You know your company’s safe harbor affordability code without double-checking. You know every single employee’s ACA-full-time status for 2018. In other words, you have completed ACA reporting for 2018! So, can you close the books on the ACA for 2019? Of course not. The IRS just issued another wave of proposed employer shared responsibility penalty assessments.

Don’t ignore those “unresolved transaction” notices from your TPA

Have you received notice from the third-party administrator (TPA) for your Flexible Health Spending Account (health FSA) that you have unresolved transactions that need your attention? If you get one of these letters, action is necessary. And while your TPA may provide some high-level information regarding the actions you can take to address the unresolved transactions, there is more to it than that.