Health Care Reform Updates: Top 5 Open Enrollment Notices
Certain Notices Must Be Distributed Around Open Enrollment A company’s open enrollment period can be a hectic time for management, HR, and employees alike. However, during the enrollment process, employers should remember their disclosure obligations. Below are five key notices that must be distributed to employees around the open enrollment period: Summary Plan Description (SPD): […]
Reminder: Summary Annual Reports Due September 30
Model Language Available As a reminder, health plans with 100 or more plan participants at the beginning of a plan year are generally required to furnish a Summary Annual Report (SAR) to each health plan participant within 9 months after the end of a plan year. As a result, the deadline for most calendar year plans to satisfy the […]
Reminder: ‘Pay or Play’ Coverage Penalties Remain In Effect
Noncompliance Penalties as High as $3,390 Per Full-Time Employee Despite recent attempts in Congress to “repeal and replace” the Affordable Care Act (ACA) and President Trump’s executive order calling for executive agencies to minimize the ACA’s regulatory burden, penalties for failing to comply with the ACA’s employer shared responsibility (“pay or play”) provisions remain in effect. […]
DOL and IRS Issue Relief for Hurricane Irma Victims
Estimated Tax Payment, Retirement Plan & Other Relief Granted The U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) have issued several forms of relief to victims of Hurricane Irma. Highlights of this relief include: Extension for Estimated Tax Payments: Businesses impacted by Hurricane Irma will have until January 31, 2018 to make quarterly estimated […]
Top 5 New Hire Forms
Forms Every Employee Should Fill Out Day 1 An employee’s first day on the job can be very stressful for both the employee and employer. While trying to set up the employee with his or her parking pass, email account, and other necessities, employers should also remember that completing the following forms is just as […]
Employee Spotlight: Kaylin Northam
Our Assistant Account Executive, Kaylin Northam What is the coolest thing you’re working on right now? I am a passionate advocate for the Ocean Conservancy & Wildlife Protection, so I created jewelry and knickknacks made from discarded shells, stones, and driftwood found on the beaches here in Southern California. It’s nothing major, but I would […]
Our Marketing Director Supporting SCV Military Servicemen & Women!
Our Marketing Director, Maggie-Mae Laufman, alongside Santa Clarita’s Assemblymen Dante Acosta, helped pack care packages for the military on Saturday, September 9th. “It was an honor to support our local deployed troops and service people, and truly give back to them overseas.” Stated Laufman. Prayers Angels for the Military is a local SCV non-profit that […]
Employee Spotlight: Kodee Wilson
Our Administrative Assistant, Kodee Wilson What’s the last book you read? “The Next Best Thing” by Jennifer Weiner. It was ok, but not great. A little slow, but overall a decent book. It’s about a girl who moved to LA to pursue her dreams of writing her own television show and the things that the […]
IRS Offers Guidance to Prepare for Hurricanes, Floods, and Other Disasters
September is National Preparedness Month For September’s National Preparedness Month, the IRS is offering the following guidance to those who may be affected by storms, fires, floods, or other disasters: Create electronic copies of key documents. Keep a duplicate set of key documents (e.g., bank statements and tax returns) in a safe place. Much financial information is […]
Upcoming ACA Information Reporting Deadlines for Early 2018
Final Forms 1094 and 1095 Not Yet Available Employers subject to the Affordable Care Act’s (ACA) information reporting requirements are reminded that the 2018 deadlines for reporting coverage provided in calendar year 2017 are currently as follows: Applicable large employers (ALEs)—generally those with 50 or more full-time employees, including full-time equivalents—must file Forms 1094-C and 1095-C with the IRS no later […]