Cypress Solution eNews
July 17, 2015
 

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.
New Law Increases ACA Information Reporting Penalties 
Section 806 of the Trade Preferences Extension Act of 2015 contains language increasing the penalty amounts that may apply to employers failing to comply with information reporting requirements under the Affordable Care Act. Penalties can be issued for failure to file correct informational returns and/or failure to provide correct payee statements. In addition, special rules apply that can further raise penalties for intentional disregard of reporting requirements or waive penalties in certain situations. Learn more details, including actual fees....
News Release: 
Wisconsin TPA Lands Near Top of Leaderboard in Activity Challenge Tied to Wellness Efforts  
After participating in the first Top 100 Active Companies challenge from the Wellness Council of America that was held in Wisconsin, Cypress Benefit Administrators finished in third place. The Appleton-based benefits administrator has realized a 15% savings in medical plan costs since implementing a coordinated wellness program four years ago. Read the full release...
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