Compliance Directions: June 17, 2025 Issue

Benefits Boost! The Short Plan Year: PCORI Fee Edition Gallagher Calculating the PCORI fee can cause unforeseen issues when there is a short plan year. Boost your PCORI fee knowledge when you have a short plan year. Reminder: PCORI Fee Due July 31 Gallagher Remember to file the updated Form 720 and pay your PCORI Fee. Review these reminders ahead of the due date.

Catch-Up on Health Plan Excessive Fee Litigation Gallagher As a result of an uptick in litigation against plan fiduciaries with respect to their selection process of PBMs, health plan fiduciaries should stay vigilant. Examine how the PBM excessive fee cases are taking shape. OCR Continues to Focus on HIPAA Enforcement Gallagher Fines and corrective action plans abound as covered entities fail to comply with HIPAA Privacy and Security regulations. Review of HIPAA policies and procedures never goes out of style.

How Self-Directed Brokerage Accounts Offer Your Employees More Investment Options Gallagher Self-Directed Brokerage Accounts can be an option for plan administrators that wish to give participants flexibility without taking on significant additional fiduciary exposure. Examine options to help your employees grow their retirement accounts. Washington State Increases Behavioral Health Care Partnership Access Lines Assessment Gallagher Employers with covered Washington-based employees will see an increase in the monthly assessment rate for the WAPAL Fund. Find out what the new rate is and when payments are due.

Upcoming Deadlines Gallagher Keeping track of all the compliance requirements that face employers sponsoring health and welfare plans is always a challenge. Take note of these quickly approaching dates.

Source(s):

(2025). Ajg.com. https://view.info.ajg.com/?qs=0fb0e3ab9eac9bc290fcd4e50babe406649995cf4f1a5f95ae989ba3ab78b0871b06232d00c730aff8c23150c941b9bb0076a258a13d1e6b22ed16f2fe951b25b77d5c6c74a84217c0f14ace177e3af7

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