Posts Categorized: Compliance

Employee Benefits Nondiscrimination Testing

If you offer any pre-tax employee benefits, you need to have a Section 125 (also known as a POP or Cafeteria Plan) in place.  These benefits may include your medical, dental, vision, life, disability, voluntary benefits, FSA, HRA, or more. After your plan year ends each year,* you need to complete non-discrimination testing for your… Read more »

ACA Update – Let’s Talk Compliance

For the first time in over four years, trying to keep up with the Affordable Care Act’s mandates isn’t consuming all of our benefits energy. There are still many mandates to fill and new pieces to incorporate, but at this point here at CU Insurance Solutions we have a clearer idea of what’s coming down the pike and it’s more of a stream than an avalanche of new information.

Department of Labor Expected to Audit Employee Benefits Plans

CU Insurance Solutions has heard from several sources that the US Department of Labor is expected to audit the employee benefits plans of every group subject to ERISA in the next 5 years with a focus on groups under 50.  ERISA is the Employee Retirement Income Security Act of 1974 but the name is deceptive.  Much… Read more »

Know Before You Owe: Mortgages

As most of you know the CFPB issued a final rule on the new Combined Mortgage Disclosures. The CFPB requires “easier to use mortgage disclosure forms” commonly referred to by CFPB as “Know Before You Owe.” The new forms will replace existing federal disclosures (e.g. TIL/GFE and TIL/HUD-1 or HUD-1A) Along with the new forms;… Read more »

TILA\RESPA Integrated Disclosure – Update

As we all know, time flies by! Don’t look now but we all have less than a year to comply with the new Truth in Lending Act and Real Estate Settlement Procedures Act integration (TILA/RESPA) that goes into effect August 1st 2015. Conmar is nearing completion of the new forms and discussing implementation timelines with… Read more »