What constitutes an affiliated service group?
What constitutes an affiliated service group?
An affiliated service group is a group of related employers and refers to two or more organizations that have a service relationship and, in some cases, an ownership relationship, described in IRC Section 414(m).
How do I find my affiliated service group?
To determine whether a group is an affiliated group, an FSO must be a service organization, as defined in Sec. 414(m)(3), i.e., an organization for which the performance of services is the principal business of the organization.
When did employer shared responsibility start?
2015
The employer shared responsibility provisions generally were first effective in 2015 but several forms of transition relief were available for 2015. Several forms of transition relief also were available to some employers for 2016.
What are the differences between a controlled group and an affiliated group?
Similarly to a controlled group an affiliated service group (ASG) will be treated as a single employer for qualified plan purposes. However an ASG doesn’t need to meet either the parent-subsidiary, brother-sister or combined controlled group rules.
Is the ACA employer mandate still in effect?
The short answer is: The ACA remained in full force for 2019, especially as it relates to US employers, and for now, remains in effect for 2020 and beyond. Even the individual mandate (requiring individuals to have ACA-compliant health coverage or else pay a penalty) remained in force for 2019 – a surprise to many.
What is ACA shared responsibility?
The individual shared responsibility provision of the Affordable Care Act requires you and each member of your family to have qualifying health care coverage (called minimum essential coverage), qualify for a coverage exemption, or make an individual shared responsibility payment when you file your federal income tax …
What is a measurement period for ACA?
The measurement period is the period for which the employer “looks back” to historical hours of service. The look-back measurement period can be anywhere between 6 and 12 months long.