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BRCC / Baldwin Bulletin – January 2025

COMPLIANCE NEWSLETTER – January 2025

Baldwin Bulletin

BALDWIN REGULATORY COMPLIANCE COLLABORATIVE

Welcome to the January 2025 Issue

The Baldwin Bulletin serves as a monthly guide to important regulatory developments, legal news, and employee benefits-related industry happenings designed to keep you abreast of the latest developments.

This month’s issue focuses on important upcoming compliance deadlines and includes our timeline of upcoming compliance requirements, in addition to providing information regarding certain hot-button compliance issues significantly impacting employers.

Upcoming Compliance Deadlines

For information regarding upcoming compliance deadlines for employer-sponsored group health plans.

2025 ACA Reporting Office Hours with BRCC Compliance Experts

The BRCC announces a new series of open office hours with our ACA compliance experts, designed specifically for the 2025 reporting season. Whether you are looking for guidance on the latest regulatory changes or need help with ACA reporting forms, our experts are here to assist.

Employee Benefits in 2024: A Year of Change and Compliance

2024 has been a significant year for employee benefits, marked by notable regulatory updates and many judicial determinations. Employers must navigate new requirements under the Pregnant Workers Fairness Act (“PWFA”),

Employee Benefit & Healthcare Related Policy & Proposal Outcomes Anticipated Under the 2025 Administration and Beyond

For 2025 and beyond, there are a range of anticipated employee benefit and healthcare related policies proposed for the incoming administration.

DOL Releases Informational Copies of the Form 5500 Series

The Department of Labor (“DOL”) released informational copies online of the Form 5500 series for 2024 on November 25, 2024, along with the related instructions.

Nondiscrimination in Action, Part IV: Cafeteria Plans

Outlines the compliance requirements for cafeteria plans under IRC §125 to ensure they provide tax advantages without favoring Highly Compensated Participants or Key Employees.

Form W-2 Reporting Requirements for Employer-sponsored Group Health Plans

The Patient Protection and Affordable Care Act (“ACA”) requires employers that provide “applicable employer-sponsored coverage” under a group health plan to report the cost of coverage under its plan(s).

Enhancing Language Access: Section 1557 Final Rule Compliance.

The U.S. Department of Health and Human Services (“HHS”) Office for Civil Rights (“OCR”) has issued a final rule implementing Section 1557 of the Affordable Care Act, effective July 5, 2024.

Frequently Asked Question (“FAQ”) of the Month

Our FAQ of the Month focuses on understanding individual coverage health reimbursement arrangements (“ICHRAs”).

FEATURED COMPLIANCE INSIGHTS

Training and Webcast Calendars

Stay on top of everything and never miss out with our comprehensive calendars guiding you every step of the way

2025 HIPAA Complete Training Calendar

2025 Baldwin Professional Education Connection Educational Webcast Calendar

This newsletter is intended for general information purposes only and should not be construed as advice or opinions on any specific facts or circumstances. The content of this newsletter is made available on an “as is” basis, without warranty of any kind. The Baldwin Insurance Group Holdings, LLC (“The Baldwin Group”), its affiliates, and subsidiaries do not guarantee that this information is, or can be relied on for, compliance with any law or regulation, assurance against preventable losses, or freedom from legal liability. This publication is not intended to be legal, underwriting, or any other type of professional advice. The Baldwin Group does not guarantee any particular outcome and makes no commitment to update any information herein or remove any items that are no longer accurate or complete. Furthermore, The Baldwin Group does not assume any liability to any person or organization for loss or damage caused by or resulting from any reliance placed on that content. Persons requiring advice should always consult an independent adviser.

The Baldwin Group offers insurance services through one or more of its insurance licensed entities. Each of the entities may be known by one or more of the logos displayed; all insurance commerce is only conducted through The Baldwin Group insurance licensed entities. This material is not an offer to sell insurance.

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Get in touch with our compliance team

The Baldwin Regulatory Compliance Collaborative is a national team of compliance and ERISA experts to help keep your organization compliant and informed.