 | Helping you navigate Form 5500 & ERISA compliance.Large or small, self-insured or fully-insured, many employers sponsoring health, welfare and retirement benefits have Form 5500 and other obligations under ERISA and nearly a dozen related laws. Companies short on time and staff or who are unaware of these obligations run the risk of DOL & IRS penalties. Outsourcing this task to a firm that understands how to comply with each law and who has technology tools to automate compliance, is intelligent business.  |
News
March 23, 2010
Newly Passed Health Care Bill Won't Control Costs
HR 3590 is now law and a lot of positive outcomes for a broken health care system are assured. That said, there is little chance that either lower costs or higher quality will be an assurance. Read more at NAHU’s website about disappointment over the bills neglect to alleviate financial difficulties caused by the economic situation, mushrooming health insurance premiums and elephantine tax implications.READ MORE
FAQ
Q: I keep hearing about EFAST2 for Form 5500 filings. What is this?
A: EFAST2 is the Department of Labor’s all-electronic filing system that eliminates paper 5500 filings, beginning with the 2009 Plan Year. It's already “live” now in 2010 and the transformation is a significant procedural changes. A plan sponsor will have 3 electronic filing options: 1) a private web-based system; 2) a third-party software application, transmitted via the internet, or 3) the DOL's "IFILE" web-based system. Check out our News, "Ring in the New Year with EFAST2!" or watch the DOL's screen cast @ http://earthcache.net/htc-01.media.qualitytech.com/COMP008760MOD1/EBSA2_en/index.htmREAD MORE
" I have been very impressed with the level of due diligence that ABV incorporates in their business practices. Since working with ABV, they’ve built trust and assurance that our clients’ compliance needs are being met. It’s their intense combination of due diligence and attention to detail that generates a level of responsiveness that my clients respect and appreciate."
Andy Vetor, Employee Benefits Producer
MJ Insurance
Indianapolis, Indiana