The ACA’s Employer Mandate requires complex year-round eligibility tracking, along with annual reporting via Forms 1094-C/1095-C and 1094-B/1095-B. Employers face steep penalty risks for any late filings, form inaccuracies, or failing to offer the right coverage to the right employees at the right time.

A POP is a type of plan that allows employees to pay their health insurance premiums on a pre-tax basis, reducing their taxable income and helping them to save money on their taxes. The necessary POP document includes eligibility requirements, contributions, and plan change rules.

A Wrap Document is a single, ERISA-compliant document that provides employees with a comprehensive summary of their benefits and ensures employer compliance. While not required by the IRS, it is mandated by the Department of Labor (DOL) for employers offering an employee benefit plan under ERISA law.

Workplace Harassment & Violence Training programs educate and raise awareness about creating a safe and inclusive work environment by addressing harassment, bullying, violence, and discrimination. Some states have specific requirements, but these programs are beneficial for everyone.

The Patient-Centered Outcomes Research Institute (PCORI) fee is a small annual tax required under the ACA for employers with self-funded health plans. It helps fund medical research and must be reported using IRS Form 720. While the fee is relatively small, accurate and timely filing is essential to stay compliant and avoid penalties.

Certain employee benefit plans require Form 5500 to be filed with the U.S. Department of Labor (DOL), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) under the Employee Retirement Income Security Act of 1974 (ERISA). Form 5500’s purpose is to provide information about the financial condition, investments, and operations of the plan.