Source: https://www.bsllp.com/erisa-civil-penalties-inflation-adjustment-act-annual-adjustments-for-2017
Timestamp: 2019-04-25 12:46:39+00:00

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In my previous blog post, I discussed potential Department of Labor (DOL) and Internal Revenue Service (IRS) penalties for anyone who willfully violates ERISA as well for various compliance issues in violation of the law. In this blog post, I will focus on the DOL's penalties as they relate to ERISA violations pursuant to the Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2017, which became effective on January 13, 2017.
Failure to furnish reports (e.g., pension benefit statements) to certain former participants and beneficiaries or maintain records.
• Failure of a multiemployer plan to certify endangered or critical status under ERISA § 305(b)(3)(C) treated as failure to file annual report.
• Failure to furnish automatic contribution arrangement notice under ERISA § 514(e)(3).
Failure of a multiple employer welfare arrangement to file report required by regulations issued under ERISA § 101(g).
Failure to furnish information requested by Secretary of Labor under ERISA § 104(a)(6).
Failure to furnish a blackout notice under § 101(i) of ERISA or notice of the right to divest employer securities under § 101(m) of ERISA.
Failure by a plan sponsor of a multiemployer plan in endangered status to adopt a funding improvement plan or a multiemployer plan in critical status to adopt a rehabilitation plan. Penalty also applies to a plan sponsor of an endangered status plan (other than a seriously endangered plan) that fails to meet its benchmark by the end of the funding improvement period.
Failure by an employer to inform employees of CHIP coverage opportunities under ERISA § 701(f)(3)(B)(i)(I)- each employee a separate violation.
Failure by a plan administrator to timely provide to any State the information required to be disclosed under ERISA § 701(f)(3)(B)(ii), regarding coverage coordination - each participant/beneficiary a separate violation.
Failure by any plan sponsor of a group health plan, or any health insurance issuer offering health insurance coverage in connection with the plan, to meet the requirements of ERISA § 702(a)(1)(F), (b)(3), (c), or (d); or § 701; or § 702(b)(1) with respect to genetic information.
Minimum penalty for de minimis failures to meet genetic information requirements not corrected prior to notice from Secretary of Labor.
Minimum penalty for failures to meet genetic information requirements which are not corrected prior to notice from Secretary of Labor and are not de minimis.
Cap on unintentional failures to meet genetic information requirements.
Failure of CSEC plan sponsor to establish or update a funding restoration plan.
Distribution prohibited by ERISA § 206(e).
Failure to provide Summary of Benefits Coverage under Public Health Services Act § 2715(f), as incorporated into ERISA § 715 and 29 CFR 2590.715-2715(e).
If you have questions about plan compliance issues, IRS or DOL audits, contact the attorneys at Butterfield Schechter LLP for more information. Our attorneys have an extensive history of counseling plans through an IRS or DOL audit.

References: § 305
 § 514
 § 101
 § 104
 § 101
 § 101
 § 701
 § 701
 § 702
 § 701
 § 702
 § 206
 § 2715
 § 715