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Maryland Wage Transparency & Pay Stub Information Law Takes Effect October 1, 2024
Earlier this year, Governor Wes Moore signed into law two statutes — the Wage Range Transparency Law and the Pay Stub Information Law that increase the compensation details that Maryland employers must communicate to job applicants and employees. The law takes effect on October 1, 2024. Maryland employers of any size are required to: Employers End excerpt
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Veterans-4212 report is due September 30th
This is a reminder that the Veterans-4212 report is due annually on September 30th. Â The submission of the Veterans-4212 report is required if you are a government contractor or subcontractor with contracts of $150,000 or more regardless of the number of employees. Â Federal contractors and subcontractors completing the VETS-4212 report must provide information on the End excerpt
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FTC Ban on Non-Agreements
The Federal Trade Commission’s (FTC) ban on non-compete agreements, which was set to take effect nationwide on Sept. 4th, has been blocked and is now on hold. A federal judge in Texas upheld a challenge to the FTC’s rule banning non-competes, saying the government agency lacks the authority to put the ban in place and that End excerpt
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CareFirst BCBS Now Requiring Prior Authorization for Cardiology and Radiology Advanced Imaging
Please take note that CareFirst BlueCross BlueShield and CareFirst BlueChoice, Inc. (collectively, “CareFirst”) are now requiring prior authorization (PA) for outpatient cardiology and radiology advanced imaging. This new PA requirement, which began July 22nd applies to fully insured commercial plans and will be implemented in partnership with EviCore, a recognized industry leader in medical benefits End excerpt
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Be Prepared for Higher I-9 Fines and More I-9 Inspections
The Department of Homeland Security (DHS) published a final rule imposing increased fines on employers for failure to comply with I-9 regulations. In addition to higher fines, employers should expect an increase in government I-9 inspections. The new penalty amounts will be effective for penalties assessed after June 28, 2024, whose associated violations occurred after End excerpt
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Deadline to file the 2023 EEO-1 Component 1
This is a reminder that the EEO-1 filing platform opened on April 30th, 2024. The deadline to file the 2023 EEO-1 Component 1 report is June 4, 2024. To meet this deadline, the EEOC encourages employers to begin the filing process as soon as possible. The EEO-1 report is a mandatory annual data collection that End excerpt
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FTC Bans Non-Compete Agreement
The Federal Trade Commission (FTC) has voted 3-2 to ban non-compete agreements. This ban on non-competes would become law 120 days after it is published in the Federal Register, which will probably happen in a few days. However legal challenges could delay or block this change. The U.S. Chamber of Commerce said it would sue End excerpt
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Self-Insured Plans Patient-Centered Outcomes Research Institute (PCORI) fee due by July 31st
The deadline to complete your Patient-Centered Outcomes Research Institute (PCORI) fee filing is fast approaching. By July 31st, all self-insured health plans and several HRAs for plans ending in the year 2023 must pay the PCORI fee using the second quarter Form 720, Quarterly Federal Excise Tax Return. The fee calculation is based on the End excerpt
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Form 5500 for Calendar Year Plans are due July 31st, 2024
Form 5500-Series Returns for Employee Benefit Plans The IRS, Department of Labor, and Pension Benefit Guaranty Corporation require Form 5500-series returns for employee benefit plans with over 100 participants to meet annual reporting obligations under ERISA and the Internal Revenue Code. Annual Filing Deadline: Plan sponsors must file their form 5500 by the last day End excerpt
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The Department of Labor Increases the Fair Labor Standards Act’s Overtime Salary-Level Threshold
The Department of Labor Increases the Fair Labor Standards Act’s Overtime Salary-Level Threshold The U.S. Department of Labor has stated that it will publish a final rule raising the Fair Labor Standards Act’s minimum annual salary threshold for overtime pay eligibility in a two-step process. Starting July 1, the threshold will increase from $35,568 to End excerpt
