The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) released advance informational copies of the 2017 Form 5500 annual return/report and related instructions. Specifically, the instructions highlight the following modifications to the forms, schedules, and instructions: IRS-Only Questions. IRS-only questions that filers were not required to […]
Posts Tagged ‘group benefit plans’
With Below Average Cost, Increasing Enrollment, CDHPs Have Big Impact | California Benefit Advisors
When most experts think of group healthcare plans, Preferred Provider Organization (PPO) plans largely come to mind—though higher cost, they dominate the market in terms of plan distribution and employee enrollment. But Consumer-Directed Health Plans (CDHPs) have made surprising gains. Despite slight cost increases, CDHP costs are still below average and prevalence and enrollment in […]
Benefit Plan Design: Charging Employees Different Premiums | California Benefit Advisors
Employers who are designing a health and welfare benefit plan for their employees often wonder about the rules relating to setting premiums for employees. Employers generally have significant flexibility in this part of their plan’s design. Common structures contemplated by employers include, but are not limited to: Charging all employees a flat amount for their […]
The Best Ways to Minimize Your Risk When Selecting a Stop Loss Carrier – Part 1 | California Benefit Advisors
The age-old adage, “you get what you pay for,” certainly holds true in the stop loss industry. I cannot stress enough how important it is to look at more than just the premium rates on a spreadsheet. To understand the importance, let’s use the auto insurance industry as a comparable example. If you were purchasing […]
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 […]