Cypress Solution eNews

May 30, 2014 – Cypress Benefit Administrators

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We enjoy bringing you information and reminders to help you stay abreast of new Cypress developments and industry compliance requirements. Please let us know how Cypress Solution eNews can be of further service to you.

In This Issue:

Be Prepared In Case of Department of Labor Audits
Health Care Reform Update:
Additional "Pay or Play" FAQs Available From the IRS

Be Prepared In Case of Department of Labor Audits

Department of Labor (DOL) audits have been occurring with greater frequency, and every company with an ERISA-covered plan, regardless of size, is subject to an audit. Cypress has prepared a DOL Audit Document Checklist, which is a must-have tool every client needs to help prevent and prepare for an audit. Learn more...

Health Care Reform Update:
Additional "Pay or Play" FAQs Available From the IRS

The Internal Revenue Service (IRS) has added 10 new FAQs to address how the employer shared responsibility ("pay or play") requirements under Health Care Reform apply to various situations. Among other things, the FAQs address issues surrounding dependent coverage, interns, definitions, when penalties apply under various scenarios and more. Learn more...

If you have any questions or are looking for solutions, please feel free to contact us. We are happy to help!

Sincerely,

Cypress Benefit Administrators