Wrangle Blog
Swerving Away From Penalties
Four Common Plan Document Mistakes By Emily Marr Could this happen to you? A $40,150 penalty fee was slapped onto a Plan Sponsor for neglecting to hand out a Plan Document for a year to a plan participants’ request. (A court in its...
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Is There a Doctor in the House?
Conversations these days with HR folks include the discussion around wellness plans, health clinics, telemedicine/teledoc, health help lines, EAP, etc. Folding these benefits within the ERISA Plan brings many questions on reporting within the Form 5500 to Wrangle. Here...
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Joining a Back-Room Poker Game
When you are invited to a back room poker game you know you are privy to insight, decisions and perspective not available to the general public. Wrangle had such an invitation from the DOL. Our COO Lynda Taylor had the chance to meet with the DOL’s EFAST team as...
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An Essential Outline on Establishing an ERISA Plan
An Essential Outline on Establishing an ERISA Plan By: Emily Marr If an employer asks you what steps are to be taken to form a Health and Welfare Plan under ERISA, how would you answer? Many feel the question leads to a blank canvas with plenty of uncertainty on how to move...
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Solving the Mystery on Participants
Multiple times a day Wrangle faces a mystery: When we receive the worksheet data, the Plan Participant counts area is left blank. Of course, everyone knows the Form 5500 cannot be submitted in this manner. Wrangle pieces together what can be...
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New DOL Rule Hits Plan Documents
If your client does not have their Plan Documents and SPDs in place and up to date, they are not just vulnerable to high penalties, such as $110 per day. If taken to court the employer could be brought to their knees. The reason is the Plan Documents and...
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Form 5500’s Big Deadline is Coming
The Calendar year Form 5500s’s initial deadline, July 31st, is fast approaching. Are you ready? Here are six key notes to keep in mind to help meet the deadline as well as be mindful of what else surrounds July 31st: 1. The following carriers will issue Schedule As only to the...
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5500 Data = Leverage
5500 Data = Leverage While searching for prospects, a standard practice is to attempt to determine where your competition stands. After all, to know their book of business, what their strategies are, and how much they are bringing in can give you leverage. Wrangle worked with miEdge.biz, [known as “the Edge,”...
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What Brokers are Thinking
Wrangle’s COO Lynda Taylor attended the BenefitsPro Expo this past week. Although her main objective was to speak on a panel covering ERISA compliance, she took full advantage to listen intently to other sessions and to the various conversations held between brokers within the Exhibitor’s Hall. Here are Lynda’s Top...
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