"The IRS has recently begun PCORI Fee audits. These examinations require the plan sponsor to [1] identify all of its covered group health plans, [2] identify any plans the plan sponsor determined were exempt from the PCORI Fee and provide the applicable legal authority for that conclusion, [3] specify the method of counting the average number of lives for all covered plans, and [4] provide all associated work papers. In addition, for insured plans, these audits request the plan sponsor to have its Forms 1094-B and 1095-C available during the examination.... [P]lan sponsors may want to perform a precautionary PCORI Fee review."  MORE >>