Category Archives: Employee Benefits

Benefits Buzz Nov. 2016 | Wellness Programs

Compliance Date Approaching for Employer-sponsored Wellness Programs In May 2016, the Equal Employment Opportunity Commission (EEOC) finalized rules for employer-sponsored wellness programs under the Americans with Disabilities Act (ADA) and the Genetic Information Nondiscrimination Act (GINA). Some provisions of the rules become effective Jan. 1, 2017, for calendar year plans, while others are clarifications of […]

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Benefits Buzz October 2016 | ACA Reporting

Get Ready for ACA Reporting Deadlines Last year, employers had extra time to complete their Section 6055 and 6056 reporting, thanks to transition relief from the IRS. This year, it’s unlikely that the IRS will provide any relief from the normal deadlines. This means that employers will need to act quickly in order to distribute […]

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Benefits Buzz September 2016 | Form 5500

Significant Changes Proposed to Form 5500 On July 21, 2016, federal regulators published a proposed rule that aims to improve the Form 5500 annual report filed by employee benefit plans. Under the proposal, all ERISA-covered plans that provide group health benefits, regardless of size, would be required to file a Form 5500, including the new […]

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Affordable Care Act: Filing Update

The IRS has announced that electronic Affordable Care Act information returns may continue to be filed after the filing deadline, which was June 30, 2016. These returns are required under Internal Revenue Code Sections 6055 and 6056, which were created by the ACA. This ACA Compliance Bulletin describes the process for reporting entities that are filing […]

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Benefits Buzz – July 2016

DOL Issues New Overtime Payment Rules On May 18, 2016, the U.S. Department of Labor (DOL) announced a final rule regarding overtime wage payment qualifications for the “white collar” exemptions under the Fair Labor Standards Act (FLSA). The final rule is effective Dec. 1, 2016. The final rule increases the salary an employee must be […]

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Benefits Buzz – June 2016

Affordable Care Act’s Affordability Contribution Percentage Increases for 2017 On April 12, 2016, the Internal Revenue Service (IRS) released new guidance on the percentages used to determine what is considered “affordable” health coverage. Under the Affordable Care Act (ACA), the affordability of an employer’s plan may be assessed for the employer shared responsibility penalty, the […]

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