Day: October 11, 2019

ASO | Self-Funded

Under a self-funded approach, the employer assumes the risk for claims incurred and paid on its employees and their covered dependents.  The employer would pay a fixed cost for the administration of the plan using a Third Party Administrator (TPA), or through an Administrative Services Only (ASO) arrangement with a major insurance carrier.  Self-funding is …

October Compliance Bulletin

October Compliance Bulletin Many employers that must file Form 5500 on behalf of their employee benefit plans must also provide plan participants with a summary annual report (SAR). The SAR is a summary of the information included in the Form 5500. Employers with plans that operate on a calendar year basis must provide the SAR …