In January, the Department of Labor (DOL) increased the civil penalty amounts that may be imposed on employers under the following federal laws: The Fair Labor Standards Act (FLSA) The Employee Retirement Income Security Act (ERISA) The Family and Medical Leave Act (FMLA) The Occupational Safety and Health Act (OSH Act) These increased amounts apply … Continue reading DOL Increases Civil Penalty Amounts for 2019
There are a number of different federal employment laws that have their own rules for covered employers. Employers should be aware of the federal employment laws that may apply to their company. An employer’s size, or number of employees, is a key factor in determining which federal employment laws the employer must comply with. Some … Continue reading Which Federal Employment Laws Apply to My Company?
OVERVIEW On Jan. 5, 2018, the Department of Labor (DOL) announced that, effective April 1, 2018, employee benefit plans must comply with new requirements for disability benefit claims. In 2016, the DOL released a final rule to strengthen the claims and appeals requirements for plans that provide disability benefits and are subject to the Employee … Continue reading New Rules for Disability Claims Will Take Effect on April 1, 2018
ERISA, the Employer Retirement Income Security Act, was enacted into law in 1974. While the focus of ERISA was retirement plans, the law also imposed requirements on health and welfare plans, including employer-sponsored group health plans. An overview of ERISA’s provisions and requirements is available through the US Department of Labor’s Employment Law Guide. This […] … Continue reading Employers get your ERISA house in order
404(c) Compliance Checklist By complying with ERISA section 404(c), sponsors and other fiduciaries of retirement plans with participant-directed investments may shield themselves from liability for poor investment decisions made by plan participants. If a retirement plan meets the requirements of ERISA section 404(c), no plan fiduciary will be liable for any loss that is the … Continue reading Who is your ERISA Plan Fiduciary? Use this 404c Compliance Checklist