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Sky Insurance Technologies, LLC 2/1/2024
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Sky Insurance Technologies, LLC 2/1/2024
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Last modified
2/1/2024 2:15:55 PM
Creation date
2/1/2024 2:15:26 PM
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Contracts
Contractor's Name
Sky Insurance Technologies, LLC
Approval Date
2/1/2024
End Date
2/1/2025
Department
Human Resources
Department Project Manager
Michael Duerr
Subject / Project Title
Vendor for reporting employee and dependent enrollment in medical benefits to the IRS
Tracking Number
0004165
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Professional Services (PSA)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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8 <br />ADDENDUM 1: GENERAL DESCRIPTION OF SERVICES <br /> <br />ACA Reporting Service will provide the Services listed in this Addendum 1. As a condition to ACA <br />Reporting Service performing the Services, Client shall perform the obligations listed in Addendum 2. <br /> <br />1. Client will have access through an online electronic interface to ACA Reporting Service’s proprietary <br />software and discovery session designed to collect the necessary information to complete required IRS <br />reporting under Sections 6055 and 6056 of the Internal Revenue Code. <br /> <br />2. Client will have access to customer support via phone and email support according to the service <br />package purchased and as described at the time of purchase, as well as in Section 9 of this Addendum <br />1. <br /> <br />3. ACA Reporting Service will enter into a Business Associate Agreement with Client. <br /> <br />4. ACA Reporting Service will accept the final employer information, plan information, enrollment and <br />payroll data submitted by Client in accordance with Addendum 2, and will create the necessary forms <br />1094 and 1095 for filing. <br /> <br />5. ACA Reporting Service will provide a .pdf version copy to Client of all forms 1094 and 1095 created <br />on the later of (i) ten (10) days after the submission by the Client to ACA Reporting Service of final <br />payroll and enrollment information for the reporting calendar year, or (ii) five (5) days prior to the IRS <br />deadline for providing forms to employees and other required recipients (e.g., COBRA beneficiaries <br />and retirees). <br /> <br />6. ACA Reporting Service will transmit the generated forms to the IRS on behalf of Client by the later of <br />(i) ten (10) days after final approval by the Client, or (ii) the final deadline the forms need to be <br />electronically filed with the IRS. <br /> <br />a. Once ACA Reporting Service has transmitted the forms to the IRS, they will notify the <br />client of the status of that transmission within a reasonable amount of time. If there are <br />any discrepancies that are within the control of ACA Reporting Service, they will make <br />any necessary corrections and refile with the IRS. <br />b. Any discrepancies or reported errors that are outside of the control of ACA Reporting <br />Service will be communicated to Client, as well as what information is necessary to <br />correct them, and the fees associated with transmitting corrections. <br />c. As much as it is able to, ACA Reporting Service will work directly with the IRS on <br />behalf of Client to ensure that a successful transmission occurs. <br /> <br />7. ACA Reporting Service will assist Client with IRS inquiries and audits if this service was purchased. <br />If Client elected this service, if there is ever an IRS audit or inquiry regarding the forms created pursuant <br />to this Agreement, ACA Reporting Service will assign an account manager upon being notified of <br />such audit or inquiry by Client. The account manager will provide direct assistance to Client in meeting <br />the data requests of the IRS. <br /> <br />8. ACA Reporting Service will maintain electronic copies of (i) enrollment and payroll files received <br />from Client, (ii) Client’s completed discovery sessions and collected necessary ACA reporting <br />information,
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