The prospect of a COVID-19 vaccine is exciting to most, but also presents challenges for employers. Employers may be considering whether vaccination will be encouraged or mandated. This article provides a general informational overview of considerations for employers. Click here to learn about the guidelines from both OSHA and EEOC.
Recent Posts
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2020 Employer Health Benefits Survey Results
Employer-sponsored healthcare costs top $21k a year
Each year, the Kaiser Family Foundation conducts a survey to examine employer-sponsored health benefit trends in areas such as premiums, employee contributions and plan enrollment.
Click here to read a summary of the main takeaways from the 2020 survey.
Pay or Play Penalties Will Increase for 2019 and 2020
On Sept. 11, 2019, the IRS updated their Q&As on the ACA's employer shared responsibility rules to include adjusted penalty amounts for 2019 and 2020.
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Form 5500 Is Due by July 31 for Calendar Year Plans
Employers with employee benefit plans that operate on a calendar year basis must file their Forms 5500 with the DOL by July 31. An employer may extend this deadline by two and one-half months (until Oct. 15) by filing IRS Form 5558. This Compliance Bulletin summarizes the Form 5500 filing requirement and highlights the deadlines for calendar year plans.
Read the compliance bulletin now or you may have to pay up to $2,194 per day for each day you do not have the Form 5500 completed!
Click here to view the compliance bulletin.
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Everything You Need To Know About Paid Time Off (PTO)
Offering employees time off from work can be an easy way to round out your benefits package. When taken advantage of, paid time off (PTO) can bring employees back into the workplace with renewed energy and productivity. Moreover, workers want flexibility in the workplace and want to find a healthy work-life balance. A well-drafted PTO policy can show your commitment to employee wellness and help keep your workforce happy.
Michigan Paid Medical Leave Takes Effect March 29th 2019
Beginning March 29, 2019, Michigan employers with 50 or more employees must provide paid medical leave to their eligible employees under the Paid Medical Leave Act (PMLA). Click here to view the Compliance Bulletin.
2019 Survey Results
Click here for the 2019 Employee Benefit Survey Results! View data on what other businesses in your area and industry are offering, and identify your plan's strengths and weaknesses in order to fortify your recruitment and retention efforts.
