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IRS Issues Draft Forms and Instructions for 2016 Reporting
Posted by Chrissy Hammond on Thu, Aug 20, 2015 @ 09:30 AM

On August 6, 2015, the Internal Revenue Service (IRS) issued draft 2015 Forms and Instructions for the annual reporting that will be required in 2016 by employers subject to the Affordable Care Act’s shared responsibility requirements, as well as by plans providing minimum essential coverage (MEC):

  1. Instructions for Forms 1094-B and 1095-B
  2. Form 1095-B, Health Coverage
  3. Instructions for Forms 1094-C and 1095-C
  4. Form 1095-C, Employer-Provided Health Insurance Offer and Coverage

These forms are used to satisfy the IRC Section 6056 and 6055 reporting requirements. The Form 1094-B and 1095 B-series is used for reporting MEC; and the Form 1094 and 1095-C series is used for reporting employer provided coverage by employers subject to the ACA’s shared responsibility requirement.

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Are You a Retirement Plan Fiduciary?
Posted by Diane Caron on Wed, Aug 19, 2015 @ 02:00 PM

Much has been written lately about the Department of Labor’s (DOL) fiduciary rule proposal and what impact it will have on an investment advisor’s fiduciary status, but what about employees of the plan’s sponsoring organization who are fiduciaries? Do you know who meets the definition of fiduciary? Are your plan’s fiduciaries aware that they are fiduciaries? Do they know the responsibilities of a fiduciary? 

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Topics: retirement plans, ERISA-Qualified Retirement Plans, Diane Caron

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