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 »
Posts Categorized: Compliance
Maine -The Way Life Should Be (and a great consumer information resource too!)
Article By: Bev MacMillan, AAI Senior Vice President of Insurance & Compliance, CU Insurance Solutions I’m a real Mainer and proud of it…born here, love the lifestyle and everything that this beautiful state has to offer! I’m thankful every day that I live in a state that is unique in so many ways and shines… Read more »
Frost Participates in Important GAP Amendment to Maine LD 1506, a Win for State Chartered Credit Unions
As you may know, the recent Maine LD 1506 bill regarding the governance of GAP waivers has passed. The bill was signed by the governor (Public Law Chapter 178) on June 12, 2017 and the new law will apply to all GAP waivers that become effective on or after January 1, 2018. Our partners at… Read more »
Military Lending Act and MAPR Addendum to Loan Forms Solution
As you know, the new mandatory compliance requirements under the expanded Military Lending Act (MLA) take effect October 3, 2016 (except for credit card accounts). The final rule for credit card accounts will be effective October 3, 2017.
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 »