January 2025
Author: ADP Admin/Tuesday, January 7, 2025/Categories: Bulletin News
We want to let you know that if you’re an Applicable Large Employer (ALE)*, your business could face significant IRS assessments if your Affordable Care Act (ACA) reporting forms 1095-C for the 2024 reporting year are not timely distributed to your full-time employees. Please review and acknowledge your filing in the ACA Reporting Tool (ART) by Jan. 31, 2025, so that we can timely distribute the forms to your full-time employees. ACA Reporting is filed under your unique FEIN.
If you have any questions or concerns, please reach out to your HR Business Partner.
* The IRS defines an Applicable Large Employer (ALE) as an employer with an average of at least 50 full-time employees (including full-time equivalents) in the prior calendar year (2023). The ACA requires ALEs to provide an annual form 1095-C to each full-time employee regarding healthcare coverage offered by the ALE. That form must also be filed with the IRS.
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