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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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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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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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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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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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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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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Q&A From Our February National Webinar
Demystifying the Details Needed to Set Up a Wrap Plan Document, H&W Form 5500 and NDT Our Demystifying National Webinar in February brought an assortment of questions from our attendees. Below are the top five on the Plan Documents and SPDs as well as the top eight for...
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Timing Is Everything
When you work in employee benefits, one of the most challenging tasks is knowing when to complete each step to be able to check off a particular mandate on your to-do list. Taking a walk through the employee benefit world can be an endless maze if you don’t have...
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