2024 Year-end Employee Benefit Plan Checklist

1 minute read

As the year draws to a close, it’s important for employers to keep compliance requirements for their employee benefit plans at the forefront. To ensure a smooth transition into 2025, there are several key benefits-related tasks that must be completed by the end of 2024, including:

• Submitting a gag clause attestation for health plans;
• Ensuring that plan documents are amended for any discretionary changes made in 2024;
• Confirming that all annual notices, such as the Children's Health Insurance Plan (CHIP) notice, have been provided;
• Conducting any necessary nondiscrimination testing.

Employers should prepare for next year by ensuring health plan affordability for full-time employees, updating 2025 benefit plan limits, and revising employee communications like summary plan descriptions (SPDs).

In preparation for 2025, employers should consider taking the following steps:

• Update employee communications;
• Prepare to file Affordable Care Act returns;
• Update employee benefit limits; and
• Confirm health plan affordability (ALEs only).

Download the bulletin for the 2024 year-end checklist.

Additional Resources

Gag clause attestation instructions and user manual

Model notices for Group health plans

Model CHIP notice