November 2024


 

News

Applicable Large Employers need to file their ACA Forms 1094-C and 1095-C

11/07/24

Author: ADP Admin/Tuesday, November 5, 2024/Categories: Bulletin News

Employers with an average of at least 50 full-time employees (including full-time equivalents) in the prior calendar year (2023) (Applicable Large Employers or “ALEs”) need to file ACA Forms 1094-C and 1095-C with the IRS.

 We kindly remind our ALE clients to review and acknowledge their IRS ACA Forms 1094-C and 1095-C promptly to help steer clear of any potential ACA penalties.*

To review and acknowledge your forms simply:

Step 1: Go to MyTotalSource®.

Step 2: Click on the 2024 ACA Reporting Tool (ART) button.

Step 3:  Follow screens to Acknowledge & Submit for each FEIN in your Control Group.

ADP TotalSource® will:

·       Make any necessary updates to your Forms 1095-C and 1094-C based on year-end payroll and benefits data.

·       Furnish the 1095-C forms to your employees.

·      Transmit the required information directly to the IRS on your behalf under your unique company FEIN.

 

*If you do not want Forms 1095-C and 1094-C to be automatically acknowledged for print and transmission to the IRS, select the “I do not authorize” radio button in ART prior to Jan. 31, 2025, to ensure reporting is not completed.  (You will see a big yellow banner when you log in to MyTotalSource if your company is flagged as an ALE in our system).

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Tags: 11/07/24

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