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  • 3 Questions Small Business Owners Should Ask AI About Benefits

    ByTrey Tompkins

    Running a small business is hard enough without the added complexity of navigating employee benefits. Unlike large corporations, many small employers don’t have dedicated HR staff to handle compliance, plan design, and employee communication. The good news? Tools like ChatGPT…

  • COBRA, FSA and HRA Deadlines Impacted By Hurricanes Helene and Milton

    ByTrey Tompkins

    EBSA Disaster Relief Notice 2024-01 provides extensions and relief from certain deadlines under the Consolidated Omnibus Budget Reconciliation Act (COBRA) and other benefit claims filing requirements for individuals affected by Hurricanes Helene and Milton. Issued by the Department of Labor’s…

  • The 2024 ACA ESRP Affordability Percentage

    ByTrey Tompkins

    This week the IRS revealed an annual adjustment to the the Affordable Care Act’s (ACA) affordability percentage. This percentage helps determine whether employers may owe significant fines under the ACA’s Employer Shared Responsibility Provision (ESRP). The newly announced limit for…

  • So you forgot to file a Form 5500 for your large group health plan

    ByTrey Tompkins

    Employers that offer group health plan benefits frequently overlook compliance with ERISA’s annual Form 5500 filing requirements. This creates enormous potential liability. Fortunately, the Delinquent Filer Voluntary Compliance Program (DFVCP) offers employers a simple and cost effective way to mitigate…

  • IRS Announces 2023 Limits For Health Savings Accounts

    ByTrey Tompkins

    Each spring, the Internal Revenue Service announces inflation adjusted limits applicable to Health Savings Accounts (HSAs) for the following calendar year. The limits applicable for 2023 were recently released in Revenue Procedure 2022-24. Releasing next year’s limits during the first…