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Category: Locations

Three Convenient Locations

Posted on September 29, 2016September 20, 2023 by Admin


17 Maple Avenue Cassadaga, NY 14718	324 W. Main Street Falconer, NY 14733	401 E. Fairmount Ave Lakewood, NY 14750

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2023 DOL Penalties

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.

North (Cassadaga)
Integrated Benefit Solutions 17 Maple Ave Cassadaga, NY 14718 (716) 384-4045
NY Essentials Plan

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