DOL announces 2019 adjusted penalty amounts for several benefits-related violations
Posted on: 1/31/2019 3:36 PM
The DOL has announced the 2019 annual adjustments to the civil monetary penalties for a wide range of benefits-related violations: Form 5500 - maximum penalty for failing to file increases from $2140 to $2194 per day the filing is late. Summary of Benefits and Coverage (SBC) - maximum penalty for failing to provide the SBC increases from $1128 to $1156 per failure. Violations of Genetic Information Nondiscrimination Act (GINA) may result in penalties of $117 per participant per day (increase fro… Read More