Category: Compliance
Form 5500
—
by
If your company provides an employee benefit plan governed by the Employee Retirement Income Security Act (ERISA), you are likely obligated to file Form 5500. This annual report discloses key details about your organization’s benefit offerings, such as welfare benefit plans (including medical, dental, life, and disability coverage), retirement plans, fully insured plans, and self-funded…
The Clock is Ticking: Don’t Miss the EEO-1 Report Deadline
—
by
The annual EEO-1 Report, mandated by the Equal Employment Opportunity Commission (EEOC), is a cornerstone of workplace diversity and anti-discrimination efforts in the United States. This data collection provides a demographic snapshot of America’s workforce, helping to monitor for discrimination and promote equal employment opportunity. Missing the deadline can lead to serious consequences, making it…
Compliance Tracker Newsletter May 2025
—
by
Compliance Reminders Employers should regularly review their compliance with federal, state and local employment laws. During 2025, this review may include: Preparing to file an annual report (Form 5500) for employee benefit plans unless a filing exemption applies. For calendar-year plans, the Form 5500 deadline (without extensions) is July 31, 2025;
Compliance Bulletin: Employers Should Start Preparing for 2025 RxDC Reporting
—
by
Group health plans and health insurance issuers must annually submit detailed information on prescription drug and health care spending to the Centers for Medicare & Medicaid Services (CMS). This reporting is referred to as the “prescription drug data collection” (or “RxDC report”). The next RxDC report is due by Sunday, June 1, 2025, covering data…
Compliance Tracker Newsletter April 2025
—
by
Posting Period Ends for OSHA Form 300A April 30, 2025 Employers may remove their OSHA Form 300A posting any time on or after April 30, 2025. This form, which summarizes workplace data from 2024, must be posted from Feb. 1, 2025, until April 30, 2025. Deadline for Filing Form 941, Employer’s Quarterly Federal Tax Return…
Benefits Buzz | March 2025
—
by
ERISA Fiduciary Breach Claims Dismissed in Prescription Drug Lawsuit On Jan. 24, 2025, a U.S. District Court for the District of New Jersey dismissed two claims in a class-action lawsuit filed against Johnson & Johnson (J&J), which alleged that the company breached its fiduciary duties under ERISA by mismanaging its prescription drug benefits plan and…
ACA Reporting Deadlines for 2025: What You Need to Know
—
by
For employers subject to the Affordable Care Act (ACA), staying compliant with reporting requirements is non-negotiable. With 2025 due dates just around the corner, now is the time to prepare for distributing Forms 1095-C to employees and filing with the IRS. These forms provide essential information about health coverage offered to employees and are critical…
Keeping Up With Compliance Quarterly | 4th Quarter 2024
—
by
Keeping up with compliance developments can be difficult and time-consuming. This quarterly update highlights recent legal developments to help your organization stay on top of new requirements and minimize compliance risks. For more information on these topics, please contact MDG Benefit Solutions. Recent Federal Developments ACA’s Pay-or-Play Affordability Percentage Will Increase for 2025 On Sept.…
Massachusetts Health Care Reform & Reporting Requirements
—
by
The Massachusetts Health Care Reform Act (Act) was enacted in April 2006 to provide nearly universal health care coverage forMassachusetts residents. To carry out this objective, the Act created an individual mandate and employer coverage andreporting requirements, among other things. The Act precedes the federal healthcare reform law—the Affordable Care Act(ACA)— that was enacted in…
Gag Clause Attestation Deadline
—
by
As the year comes to an end, a crucial compliance deadline looms for employers with health plans. Under the Consolidated Appropriations Act (CAA), health plans and insurance issuers must submit a Gag Clause Compliance Attestation by December 31, 2024. Since its enactment in 2020, this regulation prohibits health plans from including gag clauses—provisions that limit…