HR Compliance Solutions

In Partnership with BASIC

MichBusiness has teamed up with BASIC to offer our community member’s access to top-notch HR Compliance Solutions. With BASIC, stay compliant and up-to-date on changing policies, regulations, audits and more by entrusting us to proactively guide your business in the right direction, while you focus on what matters — growing and maintaining your organization!

Compliance & Technology
- HR Assist
- Dependent Verification
- ERISA Essentials
- ACA Elevate
HR Benefits
- COBRA & Retiree Billing
- FSA & Commuter
- HRA
- HSA
Payroll & Leave Management
- Leave Management
- FMLA
- HCM
- Payroll & Timekeeping

Webinar: Compliance Checklist

Basic and MichBusiness are partnering to bring your business the tools needed for complete compliance with ERISA, DOL and other required reporting. Watch this recording of our webinar from March 6, 2019. Questions? email insurance@michbusiness.org.

ACA Reporting

MichBusiness Trailblazers receive a 5% discount on ACA Elevate from service partner BASIC.

2023 ACA Reporting and Filing

The Affordable Care Act (ACA) imposes demanding information reporting responsibilities on employers in the 2023 calendar year. The reporting stipulation states that an information return will be prepared for each applicable employee, and these returns must be filed with the IRS using a single transmittal form (Form 1094-B & 1095-B or Form 1094-C & 1095-C).

Noncompliance is Expensive…

IRS can assess a $270 penalty per return for late, incomplete or incorrect forms. Also, if the IRS determines that the failure to file is the result of intentional disregard, the penalty is $540 per return without limitations.

BASIC’s ACA Elevate – A Simple Solution to a Complex Problem

Take away the stress and complexity of ACA coding with assistance from our compliance experts
Works off of a simple MS Excel workbook upload with employee and coverage data at year-end. Focus on key deliverables for employers with simpler reporting needs. Perfect stand-alone solution for companies who don’t want to pay extra to upgrade their payroll platform
Real-time access to training videos and Q&A guide, your ACA workbook, and the ability to view draft forms and make changes online anytime
Automatic access to eFiling with the IRS, plus mailing services and streamlined corrections process available
BASIC’s experienced compliance team is answering your questions and guiding you through the whole process with minimal work involved on the employer’s part

For more information or to speak with a sales consultant call 800.444.1922 x 3 or visit basiconline.com.

Additional HR Compliance Services

MichBusiness members receive preferred pricing on all services and products offered by BASIC.

FMLA ADMINISTRATION
BASIC has grown to become a nationwide leader in FMLA outsourcing thanks to our proprietary software and superior service. We help employers as small as 50 employees to as large as 15,000 employees administer their FMLA and absence management effectively, efficiently, and most importantly, remain compliant.
PAYROLL ADMINISTRATION
When you select BASIC through MichBusiness for your Payroll and Tax Filing operation, you save your company time, money, and paperwork. At the same time you enjoy personal service from your dedicated payroll specialist who is simply a phone call or email away.
5500 FILING SERVICE
As a compliance company, BASIC understands overwhelming amount of mandatory notices and documents required for employers to remain compliant. Form 5500 Preparation is no different. Required for employers with 100 or more participants in a Welfare Benefit Plan as defined by ERISA. With BASIC’s 5500 service, they will complete the welfare benefit plan 5500 filings for all Schedule “A”s, along with the required Summary Annual Report (SAR) preparation.
FSA ADMINISTRATION
FSAs fall under IRS regulations but not all FSAs are created equal. BASIC provides superior responsiveness for clients and participants. Our innovative technology provides the best experience for employees while taking advantage of this money saving benefit.

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