SyncStream Simplifies ACA and EEOC Compliance

The Affordable Care Act's (ACA) employer mandate requires Applicable Large Employers (ALEs) offer affordable health insurance that provides minimum value to 95% of full-time employees and their dependents. These companies must submit 1094 and 1095-C tax forms about their provided health benefits to the Internal Revenue Service (IRS). This mandated filing is extremely complex and can require a significant amount of your employees' effort and time. Not to mention that noncompliance leads to significant financial penalties. Simarily, the Equal Employment Opportunity Commission (EEOC) requires employers that employ 100 or more employees to submit annual workforce data using the EEO-1 form. With SyncStream you get industry leading expertise and unmatched customer service.

We simplify compliance by combining...

Cutting Edge Technology

Subject Matter Expertise

World Class Customer Service

Who we serve...

Employers

Payroll Vendors

Benefit Systems

Advisors

TPAs

PEOs

SyncStream is not a one-size-fits-all solution. We handle complex and custom filing situations. Bring our latest compliance tools and expertise to your business by contacting us today. Simplify your compliance with SyncStream. Our solutions are easy to integrate, user-friendly, and have the complex laws built right into the logic taking away the risk of noncompliance. Our products can also be white-labeled for resale.

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SyncStream has many software solutions available for tracking, reporting and filing. Each program has different features to meet employer's particular needs. We also support state level filings that have recently become mandated, such as the New Jersey ACA filing and the Washington DC ACA filing.

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Learn more about SyncStream's technology solutions today — fill out our contact form or call us at 877-291-9256.

Read our most recent Blog entries!

The 2021 Dates Deadlines for 2020 ACA Reporting are Imminent

Written by Sync-Stream Solutions on Tuesday, 09 February 2021

2021 ACA Reporting Deadlines

Employers should keep in mind that the 2021 deadlines for 2020 ACA reporting are looming.

Every year since 2015, the IRS requires that Applicable Large Employers, companies with over 50 full time equivalent employees, are required to offer affordable coverage to their eligible employees, and furnish 1095-C forms to employees and a 1094-C form to the IRS.

Past Years' Filing: What should Employers Do?

Written by Arthur Tacchino, J.D., Chief Innovation Officer on Wednesday, 20 January 2021

Past years

Many employers have been receiving IRS Penalty Letter 5699, if the IRS finds that a company has not filed their 1094-C and 1095-C for any previous years. You can respond to the letter usually within 30 days and choose the reason why you have not filed. Some employers may receive other IRS penalty letters for filing late or incorrectly as well.

If you have failed to file previous year’s forms, you will then be required to do so. Or you may have filed incorrectly and will then have to re-file correctly.

How the ACA Affects Multiemployers and What to Do About It

Written by Arthur Tacchino, J.D., Chief Innovation Officer on Monday, 12 October 2020

Some group health plans are established by more than one employer. This is the case with multiemployer plans. These plans are commonly labeled as health and welfare plans, as they may include health care, life insurance and disability insurance benefits. Most plans are indemnity plans, meaning payments are made for services provided.

Are you an HR manager or admin of a medium to large business that has implemented a multiemployer health plan? At SyncStream, we handle Affordable Care Act (ACA) reporting for multiemployer health plans and can provide the compliance solutions you need.

California Enacts Expanded Pay Data Reporting

Written by Arthur Tacchino, J.D., Chief Innovation Officer on Monday, 05 October 2020

On September 30^th California signed a law that expands employer pay data reporting. The reporting requirement mirrors that of the EEOC’s Component 2 reporting requirements, which since has not been renewed by the EEOC. SB 973, requires that private employers with 100 or more employees must annually report to the state detailed pay data categorized by gender, race, and ethnicity. Employers will report to the Department of Fair Employment and Housing (DFEH) by March 31, 2021 and every March 31 thereafter.

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