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The Form 5500, Annual Return/Report of Employee Benefit Plan to be filed with the Department of Labor (DOL), is used to know about the company’s employee benefit plans. The Form contains information such as the investments, financial conditions, operations, and conditions of the plan. Any administrator or sponsor of an employee benefit plan who fails to inform the DOL about each benefit plan every year before the due date will be liable to pay a penalty imposed by the DOL.

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For all ACA non-compliance employers, the IRS fixes a specific amount of penalty to be paid on the particular assessment year only. These ACA employer penalty rules are called the pay or play...

The Affordable Care Act (ACA) of 2010 specifies the
mandatory provisions for all ALEs or applicable large employers, wherein
they need to conform to the rules of IRS and submit the form 5500. This
is vital for the ALEs, as using this form; they assure that the
applicable employees’...

For all ACA non-compliance employers, the IRS fixes a specific amount of penalty to be paid on the particular assessment year only. These ACA employer penalty rules are called the pay or play...

For all ACA non-compliance employers, the IRS fixes a specific amount of penalty to be paid on the particular assessment year only. These ACA employer

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Section 6055 reporting requirements apply to small employers and health insurance providers that sponsor self-funded health plans that provide minimum essential coverage (MEC). Whereas, Section 6056, is directed toward applicable large employers. It ensures compliance with the ACA through mandatory information reporting on the 1095-C (and 1094-C transmittal). For more about our compliance services, please visit our site acacss.com or call us at 877-959-3953.

Small employers, who sponsor self-health insurance plans, must submit the Minimum Essential Coverage details to the IRS, in which case they need to follow to the ACA 1095 reporting requirements. Again, Part IV denotes the covered individual’s details, i.e. their name, SSN, and the specific months, wherein the individual was covered by the insurance. For more info, contact a professional from www.acacss.com today!

Small employers, who sponsor self-health insurance plans, must submit the Minimum Essential Coverage details to the IRS, in which case they need to follow to the ACA 1095 reporting requirements. The form of 1095-B should be submitted to the IRS and also furnished to all the covered employees.

Cannot plan properly a document for ERISA purposes? It requires many elements and provisions to protect the plan sponsor and plan administrator. ERISA is a federal law that regulates welfare benefit plans. The law mandates the employers to align with the strict requirements for disclosing plan to the eligible employees. For more information on this, check out: www.acacss.com

Section 6055 reporting requirements apply to small employers and health insurance providers that sponsor self-funded health plans that provide minimum essential coverage (MEC). Whereas, Section 6056, is directed toward applicable large employers.