PCORI Fees and Form 5500 Filings Due July 31, 2018

PCORI Fees and Form 5500 Filings Due July 31, 2018

  • Posted by Scott Wham
  • On April 16, 2018

For many companies, two key federal health plan compliance deadlines are coming up on July 31, 2018.  Self-insured employer plan sponsors must file Form 720 and pay their share of the Patient-Centered Outcomes Research Institute (PCORI) fee to the Internal Revenue Service (IRS).  To determine your company’s specific fee amount, you will need to conduct an employee count using one of the approved counting methodologies from the Internal Revenue Service. Watch for a webinar in June recorded by Scott Wham, Director of Compliance Services for Kistler Tiffany Benefits on this topic.

Also, plans with 100 or more participants that begin on January 1 must jointly file Form 5500 with the IRS, the Pension Benefit Guaranty Corporation and Department of Labor (DOL).  Applicable employer-sponsored plans must submit the Form 5500 annually on the last day of the seventh month after the plan year ends unless they request a filing extension, so for non-calendar year plans this date will vary.