December 2023 | SSG Compliance Recap

December provided employers an opportunity to review year-end compliance to prepare for the new year. Employers confirmed that their worksite posters are appropriate for the type of business, number of employees, and state, and are the most recent version. Employers who are applicable large employers (ALEs) must be aware of potential penalties including those for not offering affordable coverage through employer contributions. Several states have implemented their own Individual Mandate, consequently employers in those states need to prepare for the type and timing of that reporting. December was also a good time to review retention and confidentiality requirements for employee files and employment-related records pertaining to group benefits.

The December 2023 Compliance Recap includes:

• Workplace Posters
• Employer Shared Responsibility Provisions
• State Individual Mandate Reporting
• Federal Record Retention Requirements Applicable to Group Benefits
• Question of the Month

View the December 2023 Compliance Recap.

_{SOURCE: United Benefit Advisors (UBA)}