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Did you know that Form 5500 is a basic requirement under ERISA laws?

Do you know what a Form 5500 actually is, or ERISA for that matter?  No, well, you are certainly not alone. So let's take a moment to review.

ERISA

According to the U.S. Department of Labor, ERISA, or the Employment Retirement Income Security Act of 1974, "is a federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry." ERISA laws were established to provide protection for the individuals who are covered by the plans.<...

HAPPY 20 Years to Earth Charter International!

June 29, 2020, will mark a very important date in ECI history. 20 years ago the Earth Charter was formally launched in a special ceremony held at The Peace Palace in The Hague, the Netherlands after years of planning, development, consultations, and brain-work.  

To celebrate, Earth Charter, in collaboration with numerous partner organizations, presents a series of webinars: EC+20 Turning Conscience into Action for a Thriving Earth. The event provides a communal space for presenters and participants alike to consider the relevance of the Earth Charter to our modern society and in...

The IRS recently provided notice 2020-44 announcing the new PCORI fees for plan years from October 2019 through October 2020. The new fee is an increase of $0.09, from $2.45 to $2.54. While this amount is important to know, it is essential to understand what PCORI fees are and how they affect your ACA Employer Reporting.

PCORI Basics

PCORI stands for Patient-Centered Outcomes Research Institute. The Patient-Centered Outcomes Research Trust Fund fee is a tax on issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans. It assists in funding the institute. Imposed by §§ 4375 and 4376 of...

As Medcom Benefit Solutions begins to slowly return to the office, we hope to share some of our best practices and tips to make your re-opening process as safe and efficient as possible. Employee stress may increase significantly when returning to the office, so we hope this blog helps your business provide a safe and inviting workplace for them to return.

Below we have listed several ways to improve the cleanliness of your work environment and new guidelines for employees to follow.

Work Environment Safety Measures  Provide disinfecting wipes for employees to clean their...