SELECT COMPLIANCE DEADLINES AND REMINDERS
Payment of Patient-Centered Outcomes Research Fee Due by
July 31
The Patient Protection and Affordable Care Act ("ACA")
imposes fees on plan sponsors of applicable self-insured health
plans to fund the Patient-Centered Outcome Research Institute
("PCORI"). The fee, based on the average number of lives
covered under the policy or plan, is required to be reported
annually on the second quarter Form 720 and to be paid by July
31.
Internal Revenue Service ("IRS") Form 5500 Due
for Calendar Year Plans
Administrators or sponsors of employee benefit plans subject to
Employee Retirement Income Securities Act ("ERISA") must
generally submit the Form 5500 by the last day of the seventh month
following the end of the plan year. For calendar year plans, the
Form 5500 is generally due July 31. Extensions are available if
certain steps are satisfied; employers should consult their
advisors for specific compliance requirements.
