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About NEEBCo

New England Employee Benefits Company (NEEBCo) is a leading employee benefits and insurance firm that combines advanced technology and responsive, personalized service to provide tailored market analysis and custom funding solutions for employers and employees.

Recent News from NEEBCo

Employer Payment of Individual Premiums

Due to the rising costs of health coverage, employers have shown interest in helping employees pay for individual health insurance policies instead of offering an employer sponsored plan. This arrangement is considered an “employer payment plan”. In response, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued FAQs clarifying …

Are You an Applicable Large Employer (ALE)?

Determining if an employer meets the definition of Applicable Large Employer (ALE) is the first step in predicting tax penalty liability regarding employer shared responsibility rules under ACA. Employers must use the appropriate standard for determining and reporting their size. Each employee’s hours of service during 2014 are used to determine an employers ALE size …

5500 Filing Requirements

Employers are required to file an annual Form 5500 for each separate ERISA welfare benefit plan, unless a reporting exemption applies. The Form 5500 must be filed by the last day of the seventh month following the end of the plan year, unless an extension applies. For calendar year plans, the deadline is normally July …