Wrangle Blog
What the Heck are MEWAs?
MEWAs are shrouded in mystery for many due to the fact that since they are so complex and confusing, many simply avoid MEWAs altogether. The goal of this blog is to provide you with enough of the fundamentals to feel more acquainted with MEWAs. After all, if the
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How to Report International Benefits
There is a question that tends to stop Wrangle and the DOL in its tracks. Is this question on MEWAs, Trusts or another complex type of reporting scenario? No. The question that raises doubt and the need for research is how International benefits are to be reported in the...
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Funding and the Form 5500
An essential building block of an ERISA Plan is the funding method used to cover the benefits, and as a result funding takes center stage of the Form 5500 report. Considering brokers and clients alike are finding new and unique ways to fund an ERISA Plan, there are often...
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Voluntary Benefits and the Form 5500
What is the number one question Wrangle receives multiple times each week? Hands down it is… Are voluntary benefits to be reported in the Form 5500 report? The answer no doubt will frustrate you…Maybe. Some Voluntary Benefits are to be reported and others are not. For example: ABC...
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The DOL Is Up To Something
The DOL has released the 2017 Form 5500s. At first glance, it appears to be a very close replica to the 2016 Form 5500. However, there is a significant step that the DOL took with 2017’s Form 5500 that has far greater implications. If your Plan Name changed from 2016...
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New Broker Opportunity
Written by Ann McAdam and Emily Marr January 2018 started off with a bang for the Department of Labor. They raised certain penalty fees due to inflation (2018 penalty fees can be found at the end of the blog). More substantially though they released the proposed changes to what constitutes...
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Will the SAR Be Terminated?
Could 2018 bring change for ERISA mandated disclosures such as the SAR? Yes, if the EBSA Advisory Council recommendations to the heads of the DOL are implemented....
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The Form 5500’s “Get Out of Jail Free Card”
There are not too many true “Get Out of Jail Free Cards,” found in ERISA particularly when the mandates are tied to both the IRS and DOL. The Form 5500 has a true legitimate one - it is called the extension and is applied by mailing out to the...
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The Four Key Stumbling Blocks on Reporting and Disclosure
Clients hold Brokers accountable for keeping them abreast of their ERISA Compliance responsibilities. It's become a daunting task for brokers to keep track of every minute detail for their clients. To help steer away from mistakes, we've become adept at avoiding these 4 key stumbling blocks to successful reporting...
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