The U.S. Department of Labor (DOL) recently announced the 2020 annual adjustments to civil monetary penalties for a wide range of benefits-related violations. Legislation enacted in 2015 requires annual adjustments to certain penalty amounts by January 15 of each year. The 2020 adjustments are effective for penalties assessed after January 15, 2020, with respect to violations occurring after November 2, 2015. Here are some highlights: Form 5500 Employers must file this form annually for most ERISA plans to provide the IRS and DOL with information about the plan’s operation and compliance with government regulations. The maximum penalty for failing to file Form 5500 has increased from $2,194 to $2,233 per day that the filing is late. Summary of Benefits and Coverage (SBC) The maximum penalty for failing to provide an SBC has increased from $1,156 to $1,176 per failure. Other group health plan penalties Violations of the Genetic Information Nondiscrimination Act (...