Employee Benefits

May 28, 2024

Group Benefits Impact of Worker Reclassification

The Department of Labor's final rule analyzing worker classification, which is expected to result in more workers being classified as employees, not independent contractors. Employers who reclassify workers as employees should consider how this change impacts their employee benefits and compliance requirements.
May 14, 2024

Form 5500 Must Be Electronically Filed by July 31, 2024

Employers subject to Employee Retirement Income Security Act of 1974 (ERISA) must electronically file Form 5500 by July 31, 2024. The Form 5500 is an annual report for each employee benefit plan the employer maintains, unless a filing exemption applies.
April 19, 2024

Employee or Independent Contractor Classification: DOL’s 2024 Final Rule Under FLSA

The DOL released a final rule, effective March 11, 2024, revising the agency's guidance on how to analyze who is an employee or independent contractor under the FLSA. Check out these changes and what this means for worker classification.
January 24, 2024

Top Health Plan Compliance Issues for 2024

Employers should be aware of the top compliance issues that impact their health plan coverage for 2024, such as plan transparency requirements, ongoing ACA litigation, possible expansion of ACA’s contraceptive coverage mandate or proposed legislation at state and federal levels to regulate pharmacy benefit managers (PBMs).
December 14, 2023

CAA Gag Clause Attestation Due December 31st, 2023

CAA prohibits group health plans and health insurance carriers from entering into agreements with providers, TPAs, or other service providers that include language that would constitute a “gag clause.” Plans and issuers must annually submit an attestation of compliance with these requirements. The first attestation is due December 31, 2023.
October 25, 2023

6 Ways to Capture Employees’ Attention at Open Enrollment and Keep It Year-round

When it comes to employee benefits, proper communication helps employees recognize the true value of their benefits, which can lead to an appreciation of the company’s investment in their health and well-being.
October 25, 2023

Pay or Play Affordability Percentage Decreased for 2024

The IRS has again significantly decreased the affordability percentage from 9.12% in 2023 to 8.39% for 2024. As a result, many employers may have to substantially lower their employee contributions for 2024 to meet the adjusted percentage.