Don’t Forget to File Form 5500

Each year, employee benefit plan administrators are generally required to file a return/report regarding the plan’s financial condition, investments and operations. This annual reporting obligation is generally satisfied by filing the Form 5500 Annual Return/Report of Employee Benefit Plan.

Form 5500 must be filed annually for employer-sponsored welfare plans with 100 or more participants as of the beginning of the plan year.

Medicare Part D Notices Are Due

Group health plan sponsors must provide the annual Medicare Part D creditable coverage disclosure notices to Medicare-eligible individuals before Oct. 15, 2018 – the start date of the annual enrollment period for Medicare Part D.  Reach out to your Preferred Benefits representative if you need help or have questions about meeting your obligations.

Disclosure to CMS Form Deadline


Group health plan sponsors that provide prescription drug coverage to individuals eligible for Medicare Part D must disclose to the Centers for Medicare & Medicaid Services (CMS) whether that coverage is “creditable” or “noncreditable.”

The disclosure obligation applies to all plan sponsors that provide prescription drug coverage, even those that do not offer prescription drug coverage to retirees!

Employer Reporting of Health Coverage Deadline Approaching

The Affordable Care Act created reporting requirements under IRS Code Sections 6055 and 6056 that require certain employers to provide information to the IRS about their health plan coverage.  These rules are still applicable under President Donald Trump and the deadline is coming soon.  This Legal & Compliance Brief has all the information you need to know including who needs to file,

IRS Releases New Tax Tables for 2018

Following the changes made by the new tax reform law, the Tax Cuts and Jobs Act, enacted on Dec. 22, 2017, the IRS has released new tax tables.  Employers should start using the new tables to determine employee withholding taxes beginning on Feb. 15, 2018.  Clink on the link below to view the new tables.

IRS Announced HSA/HDHP Limits for 2018

On May 5, 2017, the IRS released Revenue Procedure 2017-37 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2018.

The HSA contribution limits will increase effective January 1, 2018, while the HDHP limits will increase effective for plan years beginning on or after Jan.