Wrangle Blog
4th Quarter ERISA Reporting and Disclosure Deadlines
Throughout the year, we will post a blog on the upcoming deadlines to track for the following quarter that pertains to ERISA Reporting and Disclosure. This blog is to cover those that are fast approaching from October through December. Please note that this listing is not all-inclusive. Each Plan...
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Form 5500 Extension Process Using the Form 5558
The Health and Welfare Form 5500 is due seven months after the end of the ERISA Plan year. Even with the best preparation tools in place, situations outside of a person’s control can mean more time is needed to have the...
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Wrangle’s Fall Webinar Registration: Demystifying ERISA Compliance 2.0: Wrap Plan Documents, Complex 5500s and More
For the last several years our Demystifying series has focused on building and strengthening your understanding of the basic levels of ERISA compliance. This training will take you to the next level. You already know what a Wrap Plan Document is and the components for the Form 5500. Now you...
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Backdating the Wrap Plan Document
When Form 5500s ramp up in the second quarter, our ERISA Desk Team receives a wave of urgent requests for the Wrap Plan Document to be prepared. Often with these inquiries, the Plan Sponsor specifies that the Wrap Plan Document needs to be backdated beyond the current ERISA plan...
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Preliminary Details on the 2024 Form 5500 and Form 5558
Need a break from hearing about deadlines? We have good news to share on what to expect for 2025! Form 5500: First, we have been informed by the DOL* that the 2024 Form 5500 will have no changes for health and welfare; most are behind-the-scenes updates for functionality. We were given...
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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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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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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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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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