On Tuesday\, February 26\, NAPEO began hear ing from its members that the Department of Labor (DOL) had rejected their Form 5500 filing for 2016. We have now found out that DOL has rejected ev ery 2016 Form 5500 filing that used coding or some other way to mask the p articipants name in the PEO sponsored benefit plan. Moreover\, DOL is givi ng PEOs 45 days to resubmit the Form 5500 correctly. Failure to do so coul d subject your PEO to penalties and retroactive fines.
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Seth Perretta and Malcolm Slee of The Groom Law Group will be pr
esenting a webinar on Monday\, March 4 at 2:00 p.m. to review the Form 550
0 filings and the possible steps your company should take. In addition\, N
APEO will discuss the steps the association is taking to have the DOL modi
fy its Form 5500 filing requirements to protect the client lists of PEOs.
This webinar is designed to be both educate you on what steps to take\, as
well as to allow NAPEO members to exchange information on what they are h
earing from DOL. \;
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\nPlease joins us on Monday\, March
4 at 2:00 p.m. EST for this timely and important webinar.
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