Tag Archives: Department of Labor
Form 5500 Is Due by Aug. 1, 2022 for Calendar Year Plans
Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Forms 5500) for 2021 with the Department of Labor (DOL) by Aug. 1, 2022. An employer may extend this deadline by two and … Continue reading
New Overtime Rule Raises Salary Cut-Off to $35,568
Employees who make less than $35,568 are now eligible for overtime pay under a final rule issued today by the U.S. Department of Labor (DOL). The new rate will take effect Jan. 1, 2020. To be exempt from overtime under … Continue reading
2020 HSA Contributions
IRS Releases 2020 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits In Rev. Proc. 2019-25, the IRS released the inflation adjusted amounts for 2020 relevant to HSAs and high deductible health plans (HDHPs). The table below summarizes those adjustments … Continue reading
PCORI Fees Due By July 31, 2019
REMINDER: PCORI Fees Due By July 31, 2019 Employers that sponsor self-insured group health plans, including health reimbursement arrangements (HRAs) should keep in mind the upcoming July 31, 2019 deadline for paying fees that fund the Patient-Centered Outcomes Research Institute … Continue reading
Medicare Part D Disclosures due by March 1, 2019 for Calendar Year Plans
OVERVIEW Group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) on an annual basis and at other select times, indicating whether the plan’s prescription drug coverage is … Continue reading
Acceptable Reasons for Termination
Clients ask me from time to time about different things and this recently came up. Here is some information from The Hartford’s website. Texas is an “at will” work state as far as I know. But I am not sure how that … Continue reading
Health FSA Contribution Limits for 2018
IRS Increases Health FSA Contribution Limit for 2018, Adjusts Other Benefit Limits On October 20, 2017, the Internal Revenue Service (IRS) released Revenue Procedure 2017-58, which raises the health Flexible Spending Account (FSA) salary reduction contribution limit by $50 to … Continue reading
Benefits and Taxes
Income tax season begins soon, and with that comes issuing W2s! Did you know? As an employer, if you pay for more than $50,000 in employee basic life insurance coverage, the excess cost should be included in your employees annual … Continue reading
Health Care Reform Notices
The Department of Labor (DOL) has released 3 model notices as a result of changes under Health Care Reform: Exchange Model Notice for Employers Who Offer a Health Plan to Some or All Employees (must be distributed to current employees … Continue reading
Unpaid Interns
Unpaid Internships: What Employers Need to Know About the Fair Labor Standards Act Summer is a popular time for hiring interns, but did you know that internships are most often considered ’employment’ subject to the federal minimum wage and overtime … Continue reading
