ACA Compliance for Universities: Meeting Higher Education Challenges
Universities face significant challenges in ensuring ACA compliance due to their complex employment structures and diverse workforce. From adjunct faculty and research assistants to administrative staff, managing compliance requires robust tools and resources. ACA-Track provides universities with an all-in-one solution to navigate these challenges efficiently.
Why ACA Compliance is Critical for Universities
Universities often employ staff with varying roles and hours, including variable-hour employees like adjunct professors, seasonal staff, and student workers. Tracking hours to determine eligibility for benefits and generating accurate IRS reports are vital to meet ACA regulations. Failing to comply can result in penalties and increased administrative burdens.
How ACA-Track Simplifies Compliance
ACA-Track is specifically designed to address the unique compliance needs of universities. By automating tracking, monitoring, and reporting processes, ACA-Track ensures that institutions can maintain compliance while focusing on their core mission of education and research.
Key Features for Universities
- Comprehensive Hour Tracking: Collects and consolidates data from various sources, including payroll, HR systems, and timekeeping tools.
- Real-Time Alerts: Notifies HR teams when employees approach benefits eligibility thresholds.
- IRS Reporting Automation: Generates accurate 1094 and 1095 forms with built-in error detection to minimize risks.
- Customizable Configurations: Offers tailored solutions for tracking academic periods, adjunct workloads, and student employment.
Dedicated Support for Universities
ACA-Track pairs each university with a dedicated account manager who provides personalized support throughout the compliance process. From resolving data discrepancies to handling IRS submissions, ACA-Track’s support ensures compliance with confidence.
Secure and Scalable Solutions
ACA-Track’s secure, cloud-based platform is SSAE 16 SOC 2 Type 1 compliant, ensuring that sensitive employee data is protected. Its scalability makes it ideal for institutions of all sizes, from small liberal arts colleges to large research universities.
Learn more about how ACA-Track can simplify compliance for universities. Visit ACA-Track for Universities to explore tailored solutions for higher education.
