Confidence Employers did not rate ACA reporting as their top concern, but since the survey took place prior to completing year-one reporting deadlines, it may be an indication that employers don’t know where in ACA they are most vulnerable. Reporting Most respondents ranked cost management and health and performance issues as bigger priorities over ACA reporting. This may be an indication Could be that employers have under-estimated the complexity of ACA reporting. Just over half of the HR leaders (57 percent) cited accuracy in calculating Misplaced and reporting the affordability of benefits as their top concern for ACA compliance. While 55 percent of mid-sized and 56 percent of the largest middle market companies ranked this as their top concern, it was especially an issue among the smallest players (66 percent). Close behind, at 53 percent, were concerns over how employee subsidy eligibility and employer liability are tracked and reported. (See Figure 5) Only two out of five respondents expressed concern about accurately calculating and reporting full-time versus full-time-equivalent employees (45 percent). How well do you know how to classify employees? Figure 5. Top Concerns Regarding ACA Reporting Requirements 2016 The following are areas of concern regarding the Affordable Care Act (ACA) reporting requirements in 2016. ACCURATELY CALCULATING AND REPORTING AFFORDABILITY OF BENEFITS 57% TRACKING AND REPORTING EMPLOYEE SUBSIDY ELIGIBILITY AND EMPLOYER LIABILITY 53% ACCURATELY CALCULATING AND REPORTING FULL TIME 45% EMPLOYEES VS. FULL TIME EQUIVALENTS COMPLETING AND SUBMITTING IRS 1094 AND 1095 FORMS 41% MEASURING AND DEFINING HOURS WORKED AMONG VARIABLE 38% WORKERS AND REPORTING ON VARIABLE EMPLOYEES ACCURATELY REPORTING DECLINATIONS OF COVERAGE 34% ACCRUING A COMPREHENSIVE SET OF SOCIAL SECURITY NUMBERS FOR 31% EMPLOYEES AND DEPENDENTS BY WHICH TO REPORT ACCURATELY Research Report | Employee Benefits Barometer: SMB Perspectives and Priorities in an Era of Disruption 8