| 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. | |