Most ERISA covered plans realize that they need to file an annual Form 5500. A lesser known requirement is that multiple employer welfare arrangements (MEWAs) must also file an initial and annual Form M-1 with the DOL. The penalty for failing to file a Form M-1 is almost as severe as the penalty for failing to file a Form 5500, at a rate of $1,992 per day ...
As we have discussed in previous blogs, there have been a number of recent changes to the HIPAA privacy rule requiring action from plan sponsors. As you will likely recall, in December of 2024, all health plans covered by HIPAA were required to update their HIPAA policies to incorporate additional protections for reproductive health ...
The U. S. Department of Labor, Employee Benefit Security Administration (DOL) just announced changes to its national enforcement projects for 2026. The DOL is tasked with enforcing the Employee Retirement Income Security Act (ERISA) which governs employer-sponsored benefit plans. If your company sponsors an employee benefit plan for your ...
There is a telltale sign that you are a true benefit nerd… you have printouts of the annual benefit plan limits tacked to the wall by your desk. I’m guilty of it myself. Last year I finally got tired of bouncing between multiple charts to track the retirement and health plan limits I regularly reference, so I created a single comprehensive chart ...