At Pegasus we help you: 

  • Prepare Wrap Summary Plan Description to comply with ERISA requirements

  • Prepare Wrap Plan Document to comply with ERISA requirements

  • Provide amended Wrap Documents in the event of any changes to ERISA-required provisions or material changes to plan information and benefits

  • Provide distribution guidelines for Wrap SPDs

  • Establish Section 125 plan (POP or Cafeteria)

  • Prepare form 5500 on behalf of the client on an annual basis

  • Assist HR with completing annual W-2 reporting.

  • Provide support with the upcoming annual reporting mandate starting 2016 (plan year 2015) in filing form 6055 and 6056.  Under the Employer Mandate, employers must report Section 6055 information about the entity providing coverage and which individuals enrolled (including the months which they were covered). For Section 6056, employers must report the number of full-time employees and what coverage (if any) was available, including the lowest cost of self only employee coverage offered.

Affordable Care Act  

                           Compliance support