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Archive: compliance alert
- January 8, 2021
The U.S. Dept. of Labor (DOL) has issued two additional Q&As regarding employee leave under the Families First Coronavirus Response Act (FFCRA).
- January 6, 2021
Entities must report ACA returns with the IRS by March 1, 2021, since Feb. 28, 2021, is a Sunday or March 31, 2021, if filing electronically.
- December 26, 2020
In the 2020 fiscal year, the Equal Employment Opportunity Commission (EEOC) resolved more than 70,804 charges of workplace discrimination. Discrimination lawsuits can be very time-consuming and expensive for employers, and can result in a loss of employee morale or reputation …
- December 14, 2020
The Internal Revenue Service (IRS) issued Notice 2020-84 to increase the PCORI fee amount for plan years ending on or after Oct. 1, 2020 and before Oct. 1, 2021 to $2.66 multiplied by the average number of lives covered under …
- November 9, 2020
The Affordable Care Act (ACA) imposes a dollar limit on employees’ salary reduction contributions to health flexible spending accounts (FSAs) offered under cafeteria plans.
- October 21, 2020
Employers should become familiar with these forms and instructions for reporting for the 2020 calendar year. However, these are draft versions only, and should not be filed with the IRS or relied upon for filing.
- October 6, 2020
This due date for filling forms with the IRS for 2020 remains March 1, 2021 (since Feb. 28, 2021 is a Sunday), or March 31, 2021, if filing electronically.
- September 23, 2020
Each year, Medicare Part D requires group health plan sponsors to disclose to individuals who are eligible for Medicare Part D and to the Centers for Medicare and Medicaid Services (CMS) whether the health plan’s prescription drug coverage is creditable.
- September 4, 2020
The Medicare Prescription Drug, Improvement and Modernization Act of 2003 (MMA) added a voluntary outpatient prescription drug benefit to the Medicare program, known as Medicare Part D. This became effective Jan. 1, 2006.
- September 3, 2020
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2021. Employers should review their plan documents …
- August 31, 2020
A new “Return to School” section was added to the DOL’s existing FFCRA FAQs on Aug. 27. The new section’s three FAQs address employee eligibility for expanded family and medical leave and paid sick leave.
- August 20, 2020
The IRS said employers may set up leave-sharing plans under IRS Notice 2006-59 to benefit employees adversely affected by COVID-19. If you utilize an employee leave-sharing plan, the IRS has issued informative FAQs with the original leave-sharing notice.