If you sponsored a multiple employer welfare arrangement (MEWA) in 2014, make certain that you file the Form M-1 annual report by March 1, 2015. The 2014 Form M-1 version of the form has been updated with only minor clarifications and without any substantive changes from the 2013 form. The Form M-1 can only be submitted electronically through the DOL’s Online Filing System (http://www.askebsa.dol.gov/mewa).
As a reminder, all welfare benefit plans required to file a Form M-1 are required to file the Form 5500 regardless of the plan size or type of funding.
In addition, MEWAs are subject to increased reporting and disclosure requirements relating to its financial condition and prior to beginning operations (see CBIZ Health Reform Bulletin, Final Rules Relating to Multiple Employer Welfare Arrangements and Form M-1, 3/8/13).
The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.
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