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WHD Revises Test for Unpaid Internships On January 5, 2018, the U.S. Department of Labor’s Wage and Hour Division (WHD) released a Field Assistance Bulletin (FAB No. 2018-2) establishing that the primary beneficiary test, rather than the six-point test, will determine whether interns at for-profit employers are employees under the federal Fair Labor Standards Act […]
Posts Tagged ‘Form 5500’
Small Employers Ask about Form 5500 | California Benefit Advisors
UBA’s compliance team leverages the collective expertise of its independent partner firms to advise 36,000 employers and their 5 million employees. Lately, a common question from employers is: If a health and welfare benefit plan has fewer than 100 participants, then does it need to file a Form 5500? If a plan is self-funded and […]
Department of Labor Form 5500’s Time-Intensive and Expensive Reporting Requirements Painful for Small Employers | CA Benefit Advisors
Proposed regulations for revising and greatly expanding the Department of Labor (DOL) Form 5500 reporting are set to take effect in 2019. Currently, the non-retirement plan reporting is limited to those employers that have more than 100 employees enrolled on their benefit plans, or those in a self-funded trust. The filings must be completed on […]
Avoid Increased Penalties by Filing Annual Benefit Plan Reports on Time | Employee Benefits Daly City
By Jennifer Kupper In-house Counsel & Compliance Officer for iaCONSULTING, a UBA Partner Firm Form 5500 is the annual report that group benefit plans use to report required information about the plan’s financial condition and operations. Most group and pension plans that are subject to ERISA are required to file a Form 5500. With the […]
Deadline Approaching for Larger Self-Funded Health Plans To Obtain a Health Plan Identifier Number | San Francisco Employee Benefits
by Linda Rowings To meet federal requirements, large health plans must obtain a national health plan identifier number (HPID) by November 5, 2014. For this requirement, a large health plan is one with more than $5 million in annual receipts. The Department of Health and Human Services (HHS) has said that since health plans do […]
