By early 2016, the Affordable Care Act requires multiemployer plans to report on who was enrolled (members and dependents) for benefits during each month of 2015 to the IRS, and to provide each plan member with a statement documenting his or her coverage. Multiemployer plans will have to send the first round of these information returns to plan members in January 2016, and file them with the IRS soon thereafter.
Separately, the ACA requires large employers, including contributing employers, to report on offers of coverage to their full-time employees.
This webinar discusses specific information multiemployer plans need to report, the new tax forms plan sponsors will use to report this information, action steps that multiemployer plans need to take to comply with these plan reporting requirements, and the information multiemployer plans should — and should not — provide to their contributing employers until the federal government provides clearer guidance.
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