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Wrangle Blog

What to Do for the 7/31 Crunch Time

Oh no! I have a January 1 plan year client with a Form 5500 due date of 7/31/2024. I have not started working on their 5500. Is there still time to get this into the Dashboard? Will I have a Form 5500 report ready by the deadline? If not,...

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Wrangle Blog

Potential Plan Document Amendment Due Date Coming Up in July

Calendar Year Plans that had a change to the Benefit Plan within 2023 require the summary material modification (SMM) document to be distributed to Plan participants attached to the SPD by July 28th. This may raise some questions: Why July 28th? If the Wrap Plan Document has a shelf life...

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Wrangle Blog

Important Reminders on Signing the Form 5500 and Wrangle’s Extension Process

For many who have the January 1 Plan year, late June is when the Plan Administrator is being called for duty to sign the Form 5500s. Here are key reminders on signing. Please read below to learn when we will initiate the extensions: 1. The Department of Labor only requires...

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Wrangle Blog

Commissions and the Schedule A

Brokers’ bread and butter are the commissions from insurance contracts. As to be expected, careful attention is placed on how the commissions are reported by the insurance carriers on the Schedule As. (Fully understanding also helps those stay competitive as they consider potential prospects for future business.) To help...

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Wrangle Blog

RxDC and Other Reporting Requirements

Wrangle has received questions and requests for assistance on RxDC reporting. We recently expanded our referral partnership with ACAPrime to help bring information and resources on RxDC reporting to you. This is timely considering the report is due on June 1st. This blog outlines the key attributes to know...

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Wrangle Blog

New Features on the Plan Docs/NDT Platform & Key Reminder on POP Plan Docs

We are thrilled to bring you the latest developments regarding the Plan Docs/NDT Platform (Platform). Additionally, we’re happy to share details about the frequently requested inquiries on Premium Only Plan (POP) documents. Platform’s New Developments For those who have Form 5500 Report details housed in our 5500 Dashboard (Dashboard), entering...

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Wrangle Blog

Self-Insured STD Benefits and Payroll Practice

When self-insured short-term disability (STD) is listed to be included in the Form 5500, we often do a double take. This benefit, under this funding arrangement, is more than likely exempt from ERISA, as it is labeled as a “payroll practice.” As a result, this benefit would not be...

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Wrangle Blog

EBSA Raised the Civil Penalties

The last time the DOL’s EBSA raised the penalties listed in their Enforcement manual was in the 1990’s. In our conversations with the DOL, they have verbally confirmed that those penalties are being increased. Currently, the revised penalties are only being found in the penalty letters that the DOL...

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Wrangle Blog

EAPs and Form 5500s

This year Wrangle has received an unprecedented number of questions on Employee Assistance Programs (EAPs). To help provide clarity and understanding, we have provided a list of these questions and answers for your reference: Is an EAP benefit ERISA reportable? Most of the time EAPs are ERISA reportable. Often...

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