2024 Penalty Amounts for Health Benefits Compliance Violations

On January 11, 2024, the U.S. Department of Labor (DOL) issued the 2024 inflation-adjusted civil monetary penalties that may be assessed for a wide variety of employee benefits compliance violations. The new amounts are effective January 15, 2024.

Listed below are 2024 penalty increases specifically related to health benefits compliance:

Summary of Benefits and Coverage (SBC)

  • Failure to provide group health plan participants and beneficiaries with an SBC may now result in a penalty of up to $1,406 per participant or beneficiary.

  • This penalty increased from $1,362 for 2023 violations.
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Form 5500 Filings

  • Failure to file an annual Form 5500 with the DOL can now result in a penalty of up to $2,670 per day.

  • This penalty increased from $2,586 per day for 2023 violations.

Multiple Employer Welfare Arrangement (MEWA) filings

  • Failure of a MEWA to file an annual report (Form M-1) with the DOL can now result in a penalty of up to $1,942 per day.

  • This increased from $1,881 per day for 2023 violations.

Children’s Health Insurance Program (CHIP) Notice

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  • Failure to provide the annual notice regarding CHIP coverage opportunities may now result in a penalty of up to $141 per day per employee.

  • This increased from $137 per day per employee for 2023 violations.

Failure to Furnish DOL-Requested Plan Information

  • Failure to provide plan-related information requested by the DOL can now result in penalties of up to $190 per day (not to exceed $1,906 per request).

  • This increased from $184 per day (not to exceed $1,846 per request) for 2023 violations.
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January 2024
This document provides an overview of a specific regulatory development. It is not intended to be, and should not be construed as, legal advice for any particular situation.
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