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Two Deadlines for July 31 You Shouldn't Miss

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by Jason Cogdill on 14 July, 2017 with Add new comment

July 31 is the annual deadline for two significant compliance requirements:

  • Annual PCOR fees under the ACA, filed with IRS Form 720, are due for all self-funded major medical plans and HRA plan years that ended in the calendar year 2016. The fee is $2.17 per covered participant for plan years that ended 1/1/16 – 9/30/16, and $2.26 per participant for plan years that ended 10/1/16 – 12/31/16. Further information and assistance is available from our team if needed.
  • Form 5500s are due for ERISA plan years that ended 12/31/16. To confirm, Form 5500s are due for health and welfare plans that had 100 or more employee participants on the first day of the applicable plan year. Also, the DOL offers a voluntary compliance program for past-due forms. We are doing a significant amount of Form 5500 and Wrap SPD work, and we can assist your organization.
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Jason Cogdill

Jason Cogdill

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