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Tag: Section 125 Plan Document

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ERISA & SPD Wrap or Summary Plan Description Wrap Documents

Recently we joined forces with a company to assist in additional forms of compliance.  These compliance issues fall directly in line with the rumors of the ERISA DOL Audits.  HR Service Inc and ERISA Solutions are those companies.  The professional atmosphere, experienced employees, and customer service-oriented environment is appealing; yet the powerful and user-friendly tools/documents…
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PROPOSED CHANGES TO CAFETERIA PREMIUM ONLY PLAN ELECTIONS & LOOK-BACK PERIOD

In September the IRS issued two notices regarding the Affordable Care Act.  Notice 2014-49 describes a proposed approach for applying the look-back measurement method used to determine full-time employee status for purposes of IRS Code § 4980H in situations when the measurement period applying to an employee changes. This change may occur because the employee…
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Section 125 Plan Document Update, What Changed?

In our effort to keep the Section 125 Premium Only Plan and Summary Plan Disposition (SPD) compliant, it was necessary to make a few updates. You should have received an email instructing you to log on to your www.taxfreepremium.com account and download these new documents. To keep things as simple as possible, all you need…
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Distributing the SPD for your Section 125 Plan – It’s not just about compliance

It’s no secret that the task of government compliance with programs such as IRS Section 125 Plans has most employers jumping through some hoops.  There Department of Labor lists one of many requirements to distribute certain documents such as a Summary Plan Description referred to as SPD.   But through all of this disclosure and required…
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