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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
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2024 New Independent Contractor Rule
On January 10, 2024, the U.S. Department of Labor published a new Independent Contractor rule which rescinds the Independent Contractor Rule of 2021. The new rule provides new guidance on how to analyze whether a worker is an employee or independent contractor under the Fair Labor Standards Act (FLSA). The new rule includes End excerpt
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HR LAW ALERT: FEDERAL UPDATES FOR 2024
IRS MILEAGE RATE, OSHA REPORTING, AND FEDERAL CONTRACTOR MINIMUM WAGES The following federal law changes take effect on January 1, 2024. IRS MILEAGE REIMBURSEMENT RATE The IRS standard mileage rate will be 67 cents per mile driven for business purposes (up from 65.5 cents in 2023). This rate also applies to electric and hybrid End excerpt
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EEO-1 REPORT FILING DUE JAN. 9
The Equal Employment Opportunity Commission extended the EEO-1 report filing deadline to January 9, 2024. Reports that were not submitted by the deadline of December 5, 2023 must be submitted by January 9, 2024. No EEO-1 reports will be accepted after January 9. The EEO-1 report is a mandatory annual data collection that End excerpt
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Reminder-EEO-1 Data Collection Opens October 31, 2023
The Equal Employment Opportunity Commission (EEOC) recently announced that the 2022 EEO-Component 1 data collection will open on Tuesday, October 31, 2023, and the deadline for employers to file is Tuesday, December 5, 2023. The requirement applies to private employers with 100 or more employees and federal government contractors and subcontractors with 50 or more End excerpt
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Medical Loss Ratio Rebates 2023
Medical Loss Ratio (MLR) rebate checks are currently arriving for many companies. MLR rebates are required under the Affordable Care Act (ACA) and are furnished when a health insurer does not utilize enough of the premiums they have received directly towards the cost of medical claims and activities that improve the quality of care. There End excerpt
