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Our Benefit Compliance Assessment Tool allows you to send prospects a link to complete the assessment with the report going back to you so you can schedule a meeting to show them their risk assessment score and needed actions to comply.

Compliance Fines & Penalties  
Depending on the compliance violation the Department of Labor (DOL), Internal Revenue Service (IRS) or Department of Health & Human Services (HHS) may impose fines or penalties.   
Failure to provide written requested ERISA plan documents, Summary Plan Descriptions, Summary of material
modifications, etc.
$110 per day up to $549,095DOL
Late 5500 Report$25 per day up to $15,000IRS
Failure to File annual 5500 Report$2,194 per day, with no maximumDOL
Failure to furnish statement of benefits or to maintain records$28 per employeeDOL
Failure to notify plan participants of benefit restrictions and/or limitations$1,632DOL
Failure to furnish automatic contribution arrangement notice$1,632DOL
Failure to furnish employee benefit plan documents to DOL upon request$147 per day up to $1,472 per requestDOL
Failure to inform employees of Medicaid/CHIP coverage opportunities$110 per day per employeeDOL
GINA violation$110 per day per participantDOL
Failure to provide Summary of Benefits Coverage (SBC)$1,156 per failureDOL
FMLA posting & notice violation$173 for each offenceDOL
Allowing premiums to be paid on a pre- tax basis for covered benefits without having either a Premium Only Plan (POP)
document or Flexible Spending Account (FSA) document.
Penalty: Employer can lose the ability to allow premiums on a pre-tax basis.IRS
HIPAA violations$100 to $50,000 per violation up to $1,500,000.DOL or HHS
MEWA – failure or refusal to file a complete or accurate Form M-1$1,597 a dayDOL
Other – This is only a partial list of possible fines and penalties  
Each of the enforcing organizations, DOL, IRS and HHS, have increased the number of auditors and enforcers.  Audits have increased across the county.
We recommend you take steps now to be fully compliant to avoid fines and penalties.
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