IRS Extends Deadline for Employers to Furnish Forms 1095-C and 1095-B

On November 29, 2018, the IRS released Notice 2018-94 to extend the due date for employers to furnish 2018 Form 1095-C or 1095-B under the Affordable Care Act’s employer reporting requirement. Employers will have an extra month to prepare and distribute the 2018 form to individuals. The due dates for filing forms with the IRS are not extended.

Background

Applicable large employers (ALEs), who generally are entities that employed 50 or more full-time and full-time-equivalent employees in 2017, are required to report information about the health coverage they offered or did not offer to certain employees in 2018. To meet this reporting requirement, the ALE will furnish Form 1095-C to the employee or former employee and file copies, along with transmittal Form 1094-C, with the IRS.

Employers, regardless of size, that sponsored a self-funded (self-insured) health plan providing minimum essential coverage in 2018 are required to report coverage information about enrollees. To meet this reporting requirement, the employer will furnish Form 1095-B to the primary enrollee and file copies, along with transmittal Form 1094-B, with the IRS. Self-funded employers who also are ALEs may use Forms 1095-C and 1094-C in lieu of Forms 1095-B and 1094-B.

Extended Due Dates

Specifically, Notice 2018-94 extends the following due dates:

  • The deadline for furnishing 2018 Form 1095-C, or Form 1095-B, if applicable, to employees and individuals is March 4, 2019 (extended from January 31, 2019).
  • The deadline for filing copies of the 2018 Forms 1095-C, along with transmittal Form 1094-C (or copies of Forms 1095-B with transmittal Form 1094-B), if applicable, remains unchanged:
    • If filing by paper, February 28, 2019.
    • If filing electronically, April 1, 2019.

The extended due date applies automatically so employers do not need to make individual requests for the extension.

More Information

Notice 2018-94 also extends transitional good-faith relief from certain penalties to the 2018 employer reporting requirements.

Lastly, the IRS encourages employers, insurers, and other reporting entities to furnish forms to individuals and file reports with the IRS as soon as they are ready.

2018 Compensation and Benefits Workshop

We are excited to host a half day workshop on October 3rd at Because Space for Life.

When employees feel satisfied and valued in their roles, they’ll be more engaged and motivated to work harder and deliver top results.

At the 2018 Comp & Benefits Workshop, HR thought leaders and experts will touch on aspects of Total Rewards – from compensation, to work-life effectiveness and benefits, including pay equity and paid time off. You’ll walk away with practical tips and new strategies to ultimately create breakthrough performance throughout your company.

Agenda

 7:30 – 8:15am Continental Breakfast, Registration, Network, Meet Vendors
 8:15 – 8:30am Welcome message
 8:30 – 10:00am How to Become a Compensation Nerd

 

Does compensation mystify you?  Well, you’re not alone.  Join your fellow generalists on a journey to understand compensation basics and some strategic approaches to forming your company’s pay practices. In this workshop you will learn:

·       The eight questions to answer before you start solving your compensation issues.

·       How to think about and use survey data

·       How to structure your base pay into grades and ranges

10:00 – 10:15am Break with Vendors
10:15 – 11:45am Winning at Total Rewards: How to HIGH FIVE your Total Rewards program!

 

A 90-minute tour of the FIVE Total Rewards components that will make your TR program successful.  In this workshop you will learn:

·       Review the foundation of Total Rewards and the FIVE key components that make up a great TR program

·       For each of the FIVE key components, a quick look at best practices and how to set up that part of your TR plan if you don’t already have it

·       Resources to help assist in the setup and maintenance of the FIVE key components

11:45 – 12:00pm Wrap Up, Raffle Prizes


Why Attend?

  • Evaluate your organization’s existing total rewards strategy using current trend information.
  • Discover new strategies to build a “Best Place to Work” culture that attracts and retains the best and brightest talent.
  • Determine how to influence your organization’s success by learning real-world and practical solutions to your top business and HR challenges.
  • Understand why engaging employees is the path to profitability and business growth and how to use employee engagement as the ultimate competitive advantage.
  • Develop an impactful total rewards strategy with help from peer insights and analytics and learn how to communicate your offerings, so employees understand the value.
  • Network with more than 150 HR professionals who are responsible for compensation and benefits plans and strategies.

 Meet Our Speakers

Gail Paul is the CEO of StrategiComp.  She has over 25 years of experience as both consultant and practitioner in the areas of compensation, executive compensation and benefits.

StrategiComp, formed in 2016, has many diverse publicly and privately funded clients from multiple industries.

Gail’s background includes serving as the top Total Rewards executive for publicly traded organizations Universal Technical Institute and Del Webb Corporation (Pulte Homes), where she was responsible for managing executive compensation programs, pay and incentive structures, equity incentive plans, and creating and communicating the compensation philosophy and strategies.

Gail has also worked as a Senior Consultant at Mercer H.R. Consulting / Mercer Health & Benefits, providing comprehensive HR and benefits consultation to large corporate and government clients in Arizona and Nevada. She was the founder and principle of Matrix Compensation & Benefits Consulting, where she crafted powerful compensation and total rewards strategies for a wide variety of clients, public, private, Fortune 500 and small firms.

Gail is a Certified Executive Compensation Professional through WorldatWork and is an active member.  In addition, Gail is a Predictive Index Certified Partner through MindWire Group where she serves as Vice President/Partner.

 

Sheila Krueger is a Total Rewards Expert with Televerde. Sheila M Krueger is what is referred to as a “seasoned” professional. Not only is she tender and juicy, she’s got over 20 years of practical and strategic experience in the Total Rewards arena. Starting with a stint selecting and installing an HRIS system (when she didn’t even know what HRIS stood for), to overseeing Total Rewards programs for companies of 200, 750, and 3500 employees, Sheila has heard all the stories and survived to tell the tales.

 

Meet Our Vendors

Edward Jones – Carina Burtell

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