Compliance Problems?
You’re Not Alone!
67%
67% of organizations believe they're not maintaining ACA compliance & developing tactics to deal with reform.
80%
80% of employers find it challenging to understand the compliance forms.
44%
Over 44% of HR Managers have trouble keeping up with changing employment laws.
What’s at Stake?
Non-compliance penalties:
Up to $147 per day, per plan
Failure-to-file penalties of up to $2,063 per day, per plan
IRS penalties of $25 per day up to $15,000 per year, per plan
Individual penalties for other breaches of fiduciary responsibilities
68% of all EBSA investigations in 2016 resulted in monetary penalties and other corrective action for ERISA violations.
In 2016, over $700M were collected by EBSA from ERISA enforcement investigations. (DOL)
In 2016, EBSA investigations led to the indictment of 96 persons for crimes related to Employee Benefit Plans.