What should an employer do if an Affordable Care Act (ACA) reporting vendor promises compliance with ACA reporting because of the employer’s “good faith” effort? Calling the recent tumultuous landscape the ‘ACA land of the unknown,’ Brad Mandacina who runs Lockton Benefit Group’s HR Technology and Outsourcing Practice, tells Employee Benefit Adviser that employers should proceed with caution before relying on a vendor’s assessment of what the IRS will actually categorize as good faith. You can read the full article here.
What do you think about the “good faith” effort? Have you heard this promise from a vendor? Comment your thoughts below.