Colleges face a unique set of challenges when it comes to ACA compliance. With a workforce comprising full-time faculty, adjunct professors, part-time staff, and student workers, managing hours worked and determining benefits eligibility can be complex. Compliance is critical to maintaining trust and avoiding penalties while focusing on the mission of education.
Challenges of ACA Compliance in Colleges
The higher education sector often deals with the following ACA compliance challenges:
- Tracking hours for adjunct professors and part-time staff with fluctuating schedules
- Monitoring benefits eligibility across a diverse workforce
- Consolidating data from multiple payroll, HR, and scheduling systems
- Ensuring accurate IRS reporting with Forms 1094-C and 1095-C
These challenges require an advanced compliance solution that can adapt to the unique needs of colleges.
How ACA-Track Helps Colleges Stay Compliant
ACA-Track is a trusted compliance solution for colleges and universities. Its tailored features and seamless integrations make compliance management efficient and accurate. Key features include:
- Data Integration: Collects and consolidates data from various systems, including payroll and timekeeping platforms.
- Eligibility Monitoring: Tracks hours worked and provides alerts when eligibility thresholds are reached.
- Automated Reporting: Generates and files accurate Forms 1094-C and 1095-C, reducing administrative burdens.
- Error Detection: Flags discrepancies during data uploads and allows for immediate corrections within the platform.
Benefits for Colleges
ACA-Track offers colleges numerous advantages, including:
- Reduced administrative workload through automation
- Improved accuracy in benefits tracking and reporting
- Enhanced compliance confidence and reduced risk of penalties
- Dedicated account management for expert support and guidance
Why Choose ACA-Track for Higher Education?
ACA-Track’s flexible and scalable design makes it the ideal choice for colleges. Its ability to adapt to the unique requirements of higher education ensures compliance is maintained without disrupting operations. With ACA-Track, colleges can focus on delivering quality education while staying compliant.
Conclusion
ACA compliance doesn’t have to be a burden for colleges. With ACA-Track, institutions can streamline compliance processes, ensure accuracy, and avoid penalties. By simplifying workforce management, ACA-Track allows colleges to focus on their core mission: empowering students and supporting faculty excellence.