October 30, 2014

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IRS Announces 2015 Pension Plan Limitations

On October 23, 2014, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for 2015. Many of the contribution limits increased this year including elective deferrals ($18,000), catch-up contributions ($6,000), limit for defined contribution plans ($53,000), the annual compensation limit ($265,000), and more, because the increase in […]

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October 30, 2014

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Gilding the Lily with FMLA Notices

In a decision that will surely make employers groan, the Third Circuit Court of Appeals (covering Delaware, New Jersey, Pennsylvania and the Virgin Islands) recently ruled that an employee made a submissible case of Family Medical Leave Act (“FMLA”) interference and retaliation by claiming she never received the FMLA notice (even though it was mailed to her) […]

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October 30, 2014

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How to Pay the Transitional Reinsurance Fee

The Transitional Reinsurance participant count is due on November 15th. The form is currently available through pay.gov and consists of five separate steps to submit the membership count. Before beginning the form, the business should locate or create log-in identification for the pay.gov website. The business should also have their Supporting Documentation ready to be […]

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October 29, 2014

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Employers Should Immunize Against Ebola Fears

Over the past few weeks, cable news outlets have done their best to push their viewers into a frenzy about the potential for an Ebola virus outbreak in the United States. And their efforts appear to be working, despite the fact that the World Health Organization has indicated that the virus is transmitted from human […]

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October 27, 2014

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Cyber Liability – Employee Owned Devices

There has been a trend in recent years to allow employees to utilize their own devices, such as cell phones, laptop computers, and tablets, for business purposes. This is commonly referred to as BYOD or “Bring Your Own Device”, and it has been fantastic for companies wanting to cut costs. The employee purchases the device, […]

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October 22, 2014

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Three Weeks to File: Reinsurance Fee

The reinsurance fee form will be available 10/24/14 and it is due in three weeks on 11/15/14. People have been anxiously waiting for weeks for the form to submit their membership counts to the Department of Health and Human Services (HHS). The reinsurance fee is a temporary program that acts as insurance for insurers. This […]

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October 21, 2014

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The Many Faces of Form 5500 Series

Form 5500 is not just a single reporting document, but an entire series of forms which play an important role in many parts of the government and the business world. It is an important compliance, research, and disclosure tool for the Department of Labor, a disclosure document for plan participants and beneficiaries, and a source […]

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October 15, 2014

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October is National Cyber Security Awareness Month

The Internet has become part of everyone’s life.  Everyday we use the Internet at work, home, for entertainment and to communicate with others. However, being constantly connected brings increased risk of theft, fraud, and abuse. No one is immune to cyber risks. As a nation, we face constant cyber threats against our infrastructure and economy. As individuals, […]

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October 14, 2014

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Is Your Company’s Employee Handbook Up To Date?

Did you know that something as simple as a handbook policy could actually violate the National Labor Relations Act (NLRA)? Over the last several years the National Labor Relations Board (NLRB) has been taking a closer look at company policies and rules to determine if the policies hinder an employee’s Section 7 rights to “concerted […]

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October 14, 2014

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IRS Permits Additional Cafeteria Plan Mid-Year Election Changes

The IRS recently published Notice 2014-55, which expands the permitted Section 125 Cafeteria Plan mid-year “change in status” rules.  Employer health plans subject to those rules can now permit (but are not required to allow) employees to drop coverage in two situations: when enrolling in a Marketplace plan; or if hours of service have been […]

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