What is an aggregated group for ACA?
An Aggregated ALE Group is a group of ALE Members (employers) treated as a single employer for the purposes of 1095 filing. Companies with a common owner or are otherwise related are considered part of an Aggregated ALE Group.
Does ACA apply to large groups?
Under the Affordable Care Act, different regulations apply to each segment. In all but four states, “small group” means no more than 50 employees, while large group is anything more than that. The ACA — otherwise known as Obamacare — changed all that.
What is a controlled group for ACA reporting?
Under §414(c) of the Internal Revenue Code, a controlled group exists when any two or more entities are connected through common ownership in a parent-subsidiary, a brother-sister, or a combination of the two controlled groups.
What does aggregated group mean?
Aggregated Group means all Persons, entities or trades or businesses (whether or not incorporated) under common control with any other Person within the meaning of Section 414 of the Code or Section 4001 of ERISA.
What is an applicable large employer under ACA?
An applicable large employer is any company or organization that has an average of at least 50 full-time employees or “full-time equivalents” or “FTE.” For the purposes of the Affordable Care Act, a full-time employee is someone who works at least 30 hours a week.
What does it mean to be a controlled group?
A controlled group is any two or more corporations connected through stock ownership in any of the following ways: Parent-subsidiary group. 80% of stock of each (subsidiary) corporation is owned by another member of the group. Parent corporation must own 80% of the stock of at least one of the other members of the …
How are insurance companies treated as controlled groups?
These insurance companies are treated as a controlled group of corporations separate from any other corporations which are members of the controlled groups described in the statute as parent-subsidiary, brother-sister, or combined.
When is a parent-subsidiary controlled group exists?
A parent-subsidiary controlled group exists when one or more chains of corporations are connected through stock ownership with a common parent corporation; and − 80 percent of the stock of each corporation, (except the common parent) is owned by one or more corporations in the group; and
What does controlled group in 414 ( B ) mean?
414(b) covers controlled group consisting of corporations and defines a controlled group as a combination of two or more corporations that are under common control within the meaning of section 1563(a).
Which is the best definition of a controlled group?
Definition: Controlled Group, Continued Parent-subsidiary Group A parent-subsidiary controlled group exists when one or more chains of corporations are connected through stock ownership with a common parent corporation; and − 80 percent of the stock of each corporation, (except the common parent)