Why should I be worried about this now?

1384831750_Card_fileTechnically, many of these documents and notices have been required for years.

For example, a focus of current audits is on plan documents and Summary Plan Descriptions (SPDs), which have been required under ERISA since 1974. However, until recently, there was essentially no enforcement to assure employers had these documents in place.  The passage of the ACA has changed this.

Governmental agencies have focused on ACA implementation and employer compliance with the new regulatory framework, and to be consistent have announced the active enforcement of previously established regulations as well as the new regulations under the ACA.