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Civil Penalty/Monetary Penalty Description and ERISA Penalty Statute Section	New Maximum Penalty Effective Jan. 15, 2023
Failure to furnish statement of benefits to former retirement plan participants	$33/employee
Failure or refusal to file annual report (Form 5500)	$2,400/day
Failure to furnish employee benefit plan documents to DOL upon request	$171/day (but no greater than $1,713 per request)
Failure by employer to inform employees of Medicaid/CHIP coverage opportunities.	$127/day/employee
Failure of group health plan's plan administrator to provide state with timely coverage coordination disclosure form for Medicaid/CHIP eligible individuals.	$127/day/participant or beneficiary
Failure to provide Summary of Benefits Coverage to participant or beneficiary of group health plan	$1,190/participant or beneficiary
For a complete list of ERISA penalties click here.

2023 Contribution Limits
HDHP definition: Deductible: $1,500/$3,000 OOP Maximum: $7,500/$15,000 HSA Limits: Single Only: $3,850 per year Family: $7,750 per year FSA Limits: Contributions: $3,050 per year Dependent Care: $5000 per year Rollover: $610 per year HRA Limits: Integrated HRA: No Limit QSE-HRA: Single: $5,850 per employee Family: $11,800 per family
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►Donna Thompson - President ►John LaBardo - Account Manager ►Jessica Nuccio - Account Manager ►Scott Nuccio - Account Manager ►Paula Shembri - Account Manager ►Kim McCarthy - Account Manager ►Carmen Nuccio - Group Support