Affordable Care Act Reporting from iSolved HCM iSolved HCM delivered by Payroll Network—your local HR solutions partner—offers full reporting support for the Affordable Care Act multiple standard reports flexibility of date parameters sorting & grouping reports produced in pdf and excel Multiple Standard Reports ACA Affordable Coverage Determination Report - Enables employer to determine whether minimum essential coverage is affordable for each full-time employee, based on the currently prescribed safe harbor methods. Failure to provide affordable coverage could result in an Assessable Payment (for example, Play or Pay penalty). ACA Full Time Look-Back Report - Enables employer to manage full-time status of workforce in accordance with the ACA’s standard of 30 hours per week. This impacts the ACA rules on waiting periods, eligibility for minimum essential coverage and Assessable Payments (i.e., Play or Pay penalty). ACA Large Employer Compliance Test - Enables employer to determine if it is an Applicable Large Employer under the ACA for purposes of whether the Employer Shared Responsibility rules (e.g., Play or Pay) apply. ACA Plan Renewal Affordability Projection Tool - Used to determine whether a considered plan will be affordable to your population, prior to implementation. IRS 1094-B, 1094-C, 1095-B and 1095-C Tracking and Reporting for 2016 – coming this fall. ACA Full-Time Look Back Report The purpose of the report is to identify employees, in a given look back period, that worked average hours greater than the ACA 30 hour threshold and therefore should be classified as ACA Full Time. This report calculates the average hours worked for an employee in a given time frame and evaluates the average hours against the employee’s current ACA status. Employees that require an ACA status update, based on their average hours, are flagged on the report. The report will also identify employees under 26 and over 65 that may qualify for other coverage. ACA Full Time Look Back Report Options The following options are available to control the filtering and display of employees on the ACA Full Time Look Back Report. Payroll Network | 2092 Gaither Road | Rockville, MD 20850 | 301.339.6000 Affordable Care Act Reporting from iSolved HCM ACA Look Back Summary Report The report, separated in two sections, one section evaluates on-going employees and the other section evaluates new hires. The On-going Employees section, shown below, includes those who have been employed for at least one complete standard measurement period. These employees have been hired prior to the beginning of the look back period. New Employees Section An employee hired during the look back period is considered a new employee. Employees hired after the look back period are not included in the report. Payroll Network | 2092 Gaither Road | Rockville, MD 20850 | 301.339.6000 Affordable Care Act Reporting from iSolved HCM ACA Pay Period Detail Report The ACA Pay Period Detail Report provides supporting details for total hours and an average hour worked used in the summary version of the report and includes the hours worked for the individual pay periods within the look back period and identifies the number of weeks within the look back period. It is also separated into two sections for New Hires and Ongoing Employees. ACA Large Employer Compliance Test The purpose of the ACA Large Employer Compliance Test report is to count the number of full time employees per month in a given date range. This report will be used to determine if the entity qualifies as an ACA Large Employer. Payroll Network | 2092 Gaither Road | Rockville, MD 20850 | 301.339.6000 Affordable Care Act Reporting from iSolved HCM You need your HR system to do much more than just provide paychecks. The iSolved Human Capital Management system—configured, delivered and supported by Payroll Network—is the answer. With iSolved, all of your HR functions are integrated into a single source. Procedures are automated and efficiencies increase. iSolved’s HCM includes electronic onboarding, employee self-service, payroll, time keeping, benefits administration, human resources and more so you can run your business more with greater efficiency and compliance. Payroll Network wants to be your company’s HR solutions partner. We combine the game-changing iSolved human capital management technology with an extraordinary client experience to deliver unparalleled value. Our highly-skilled people, proven ValueAssuranceSM implementation process and state-of-the-art iSolved HCM technology make a winning combination to tackle even your most complex HR and payroll challenges and create opportunities that help your organization grow. Founded by CPAs in 1998, Payroll Network values the professional development of its staff to back up its promise of personal service – the hallmark of every Payroll Network client experience. For more information, visit www.payrollnetwork.com. Payroll Network is a Founding Certified Partner in the iSolved Network from Infinisource— provider of human capital management solutions for small and medium-size employers (or employers with up to 1,000 employees). Payroll Network | 2092 Gaither Road | Rockville, MD 20850 | 301.339.6000
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