Get Ahead of Benefits Compliance Critical Employer Updates
November 14, 2023
Watch the webinar on-demand to learn about important changes to the benefits regulatory landscape including updates to Section 125 elections, IRS rules on wellness programs, and ACA reporting. During this event, our guest speaker and Senior Compliance Consultant from Benefits Comply, David Flotten J.D., will guide you through this year's critical benefits legislation, so you can avoid any compliance pitfalls in 2023.
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About the Webinar
Can you guess how much money the Employee Benefits Security Administration (EBSA) recovered during the 2022 fiscal year from compliance violations alone?
If you answered $1.4 billion, you would be correct!
According to the Department of Labor (DOL), there was $931 million in recoveries from formal compliance enforcement and $514 million in recoveries from informal compliance resolutions, amounting to a grand total of over $1.4 billion.
Needless to say, this is a huge amount of revenue lost to compliance penalties, begging the question:
Why does benefits compliance, or rather noncompliance, consistently result in monumental violation sums?
Because employee benefits are highly regulated, managing benefits plans, within compliance constraints, is no small feat. And, without updated information on ever-changing regulations, that feat can become nothing short of impossible.
Here at Combined, we are committed to helping you stay ahead of new and evolving legislation so that you are equipped with the knowledge and resources to defeat benefits compliance challenges!
Watch the webinar on-demand to learn about important changes to the benefits regulatory landscape including updates to Section 125 elections, IRS rules on wellness programs, and ACA reporting. During this event, our guest speaker and Senior Compliance Consultant from Benefits Comply, David Flotten J.D., will guide you through this year's critical benefits legislation, so you can avoid any compliance pitfalls in 2023.
Topics Include:
Section 125 Election Change Rules
What the mid-year election change exceptions to the annual Section 125 Plan election rules are, when these changes can be made, and compliant protocol for making these changes.
The Gag Clause Attestation Requirement
How to comply with the new attestation requirement under the Consolidations Appropriations Act (CAA) due December 31st, 2023, that prevents restrictive group health plan agreements.
IRS Rules for Taxes on Wellness Programs
Information on updated IRS guidelines for employer-funded wellness programs, clarification on their pre-tax versus post-tax status, and payroll tax compliance for wellness arrangements.
ACA Compliance and Reporting
An overview of increasing ACA reporting requirements and the importance of complete and accurate filing, common employer reporting mistakes, and best practices to avoid making them.
Earn your SHRM and HRCI recertification credits
Must attend the full LIVE webinar to receive the credits
Earn 1.0 SHRM credit
This program is valid for 1.0 PDC's for the SHRM-CP or SHRM-SCP.
Combined Employer Services Inc is recognized by SHRM to offer Professional Development Credits (PDC) for SHRM-CP® or SHRM-SCP® recertification activities.
Earn 1.0 HRCI Credit
This program has been approved for 1.00 Webinar/Webcast/Podcast recertification credit hours toward aPHR™, aPHRi™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®).
The use of this official seal confirms that this Activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.
Speaker
David Flotten J.D.
Senior Compliance Consultant, Benefits Comply
David Flotten has over 24 years’ experience in employee benefits and employment law with a particular focus on health and welfare plan compliance and employee benefits strategic planning. He has helped employers deal with difficult compliance issues related to ERISA, health reform, HIPAA, and more. David regularly presents seminars on ACA, employee benefits compliance, and other HR topics, for the College of Continuing & Professional Studies at the University of Minnesota. He has also taught the PHR/SPHR and SHRM-CP/SHRM-SCP exam prep courses.
Combined Learning Center
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