Compliance
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Your Partner in Tailored Benefit Solutions
Today’s regulatory environment creates ongoing risks for an organization. The patchwork of state and federal laws governing benefits increases the complexity of compliance and puts employers at risk for penalties. Understanding the financial, operational, and strategic ramifications of those regulations is a critical, and core, aspect of benefits administration. It is not enough to know about the regulation, organizations need the tools to understand how to comply.
Parrott’s compliance team helps organizations define the “what” in a regulation but also the “how”. This includes assisting clients with educating, interpreting, and managing benefits regulations.
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News: Compliance
Newly Passed Legislation Modifies ACA Reporting Requirements
On Dec. 23, 2024, President Joe Biden signed two bills into law that will streamline the Affordable Care Act’s (ACA)
Upcoming ACA Reporting Deadlines
Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply
PCORI Fee Amount Adjusted for 2025
The Internal Revenue Service (IRS) has issued Notice 2024-83 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years