Featured Jobs
|
3(16) Retirement Plan & Customer Liaison Compass
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
401K Safe
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
Sentinel Group
|
|
Pension Investors Corporation
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
DOL Increases 2024 Penalty Amounts for Health and Welfare Benefit Plan Violations
Lockton 
[Guidance Overview] Jan. 18, 2024 "[1] Failure to timely file annual report Form 5500 subjects a plan sponsor to a penalty of $2,670 per day ... EBSA offers an amnesty program ... for late filers that voluntarily submit tardy Forms 5500.... [2] Failure to file annual report Form M-1 on a timely basis subjects a plan sponsor to a penalty of $1,942 per day ... There is no formal amnesty program for late M-1 filers ... [3] Failure to timely provide a compliant Summary of Benefits and Coverage (SBC) per the [ACA] requirements subjects a plan sponsor to a penalty of $1,406 per failure." MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |