Blogs
Contribution Limit increases on 401(k), HSA, FSA, and IRA for 2019
The IRS announced November 1st the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000. The "all sources" maximum contribution (employer...
Paid Time Off to Vote
While no federal law provides employees leave to vote, many states have enacted voter-leave laws. Some states guarantee paid time off, others do not. The time guaranteed for employees to vote varies state-by-state as well. Some employers, depending on the...
Department of Labor Releases Opinion Letters
Opinion letters serve as a means by which the public can develop a clearer understanding of what FLSA and FMLA compliance entails. Opinion letters may be signed by the Wage and Hour Division Administrator or a lower level official. On August 28, 2018 The...
IRS releases Guidance on Paid Family Leave Tax Credit
The IRS announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019. In addition, eligible employers who set up qualifying paid family leave programs or...
Medicare Part D Participant Notice must be sent before Oct 15
Plan sponsors that offer prescription drug coverage must provide notices of creditable or non-creditable coverage to Medicare-eligible individuals, prior to each year's Medicare Part D annual enrollment period. The required notices may be provided in...
Affordable Care Act (ACA) Affordability Threshold Rises for 2019
The percentage used to determine whether or not employer sponsored health insurance is affordable for purposes of employer shared responsibility will increase to 9.86% for 2019. Under the Employer Shared Responsibility provisions, large employers who do...
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