Viewing posts from: January 2020

DOL Increases Civil Penalty Amounts for 2020

Posted January 21, 2020 by Megan DiMartino

On January 15, 2020, the Department of Labor (DOL) released its 2020 inflation-adjusted civil monetary penalties that may be assessed on employers for violations of a wide range of federal laws, including:

  • The Fair Labor Standards Act (FLSA);
  • The Employee Retirement Income Security Act (ERISA);
  • The Family and Medical Leave Act (FMLA); and
  • The Occupational Safety and Health Act (OSH Act).

To maintain their deterrent effect, the DOL is required to adjust these penalties for inflation, no later than January 15 of each year. Key penalty increases include the following:

  • The maximum penalty for violations of federal minimum wage or overtime requirements increases from $2,014 to $2,050 per violation.
  • The maximum penalty for failing to file a Form 5500 for an employee benefit plan increases from $2,194 to $2,233 per day.
  • The maximum penalty for violations of the poster requirement under the FMLA increases from $173 to $176 per each offense.

Action Steps

Employers should become familiar with the new penalty amounts and review their pay practices, benefit plan administration and safety protocols to ensure compliance with federal requirements.

2020 Penalty Amounts

Should you have any questions, please reach out to your Account Manager or Account Executive.

Links:


For more information, contact info@apbenefitadvisors.com. The information contained in this post, and any attachments, is not intended and should not be misconstrued as legal advice. You should contact your employment, benefits or ERISA attorney for legal direction.

AP Benefit Advisors’ webinar and website resources are designed for U.S.-based organizations. Our privacy and GDPR policy should be reviewed here. Please opt-out if you do not agree to these terms and conditions.

HRCI & SHRM Pre-Approved Webinar | The ABCs of FMLA & ADA: Basics of the Family Medical Leave Act & Americans with Disabilities Act

Posted January 16, 2020 by Megan DiMartino

Think you could pass a pop quiz on FMLA and ADA? It’s typically left out of discussions about employee welfare benefits regulations, so even the most dedicated student may be a little fuzzy on the details.

Topics:

  • Essentials for both FMLA & ADA and why they exist
  • Characteristics of each
  • Common questions among benefits professionals
  • Regulatory “musts” for employers

Please join us for this HRCI* and SHRM** pre-approved, complimentary, one-hour webinar as Olivia Ash, JD, MS, Compliance Consultant with ComplianceDashboard, LLC, reviews basics of these federally regulated “employment” laws and how to navigate common questions.

Webinar details:

  • Thursday, January 30, 2020
  • 2:00pm – 3:00 pm EST
  • No cost to attend
  • This webinar is open to all HR and Finance Professionals – but not to brokers, agents, TPAs and PEOs

Register Now


*The use of this seal confirms that this activity has met HR Certification Institute’s® (HRCI®) criteria for recertification credit pre-approval.

**AP Benefit Advisors, LLC is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. This program is valid for 1 PDC.


For more information, contact info@apbenefitadvisors.com. The information contained in this post, and any attachments, is not intended and should not be misconstrued as legal advice. You should contact your employment, benefits or ERISA attorney for legal direction.

AP Benefit Advisors’ webinar and website resources are designed for U.S.-based organizations. Our privacy and GDPR policy should be reviewed here. Please opt-out if you do not agree to these terms and conditions.

2019 4th Quarter Compliance Update

Posted January 7, 2020 by Megan DiMartino

Topics include:

  • IRS Offers Another Extension for 1094s and 1095s
  • 2019 ACA Forms & Instructions
  • Change in Benefits?
  • A New SBC Template Will be Required for 2021
  • Are You an ALE for 2020?
  • DOL Issues Model Health Care Transparency Disclosure Documents
  • 2019 Year-End Round Up: ACA Changes – The Good, the Bad and the Ugly
  • And more!

Read Now


For more information, contact info@apbenefitadvisors.com. The information contained in this post, and any attachments, is not intended and should not be misconstrued as legal advice. You should contact your employment, benefits or ERISA attorney for legal direction.

AP Benefit Advisors’ webinar and website resources are designed for U.S.-based organizations. Our privacy and GDPR policy should be reviewed here. Please opt-out if you do not agree to these terms and conditions.

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