SHRM_TL_3.16.18

White Papers by Benefits Square

  • Proposed Rules Clarify Individual Coverage HRAs

    On September 30, 2019, the IRS published proposed regulations to clarify the application of the employer mandate under the Affordable Care Act (“ACA”) and certain nondiscrimination rules under the Internal Revenue Code (“Code”) Section 105(h) to health reimbursement arrangements (“HRAs”)...
  • Tax Credit Available for Employees on Paid Family or Medical Leave

    For 2018 and 2019 only, there is a tax credit available to certain employers as to FMLA-qualifying circumstances (whether under FMLA or not) for employees earning $72,000 or less for whom paid family and medical leave is provided. Nothing in the rules requires the employer to be subject to FMLA...
  • Association Health Plans Final Rules

    The Department of Labor published a final rule on June 21, 2018 creating flexibilities for employers and working owners to band together to sponsor a single Association Health Plan (AHP). The final rule allows multiple employers to jointly sponsor a single group health plan by expanding ERISA’s...
  • New York State Enriched DBL- The Numbers Problem

    Enriched DBL is the Solution. Often provided with little to no year-end cost to the employer. Closes the gap between state minimums and real-world statistics. Provides employees with a suitable disability benefit should a qualifying event occur.
  • Easy Payroll and Time and Attendance with Paylocity

    You, our clients, are at the heart of everything Paylocity does and why we do it. We aren’t just a payroll and HR company. We’re a technology company. Don’t just partner with a company who addresses your needs today; partner with an organization dedicated to your future. From signing paperwork...
  • Wellness Program Considerations for 2019

    Wellness programs have faced unique challenges and scrutiny in 2018. As the year winds down, it’s important to review a few important areas as we launch into 2019. This article offers some updates on: • The status of wellness program incentives when using medical exams, biometric testing,...
  • M-1 Reporting Requirements

    The administrator of a multiple employer welfare arrangement (MEWA) must file a Form M-1 with the Department of Labor (DOL) for every calendar year, or portion thereof, that the MEWA offers or provides medical benefits to the employees of two or more employers (including one or more...
  • Health & Welfare Plan Reporting & Disclosure Obligations

    The checklist below provides simple explanations of the various required reporting & disclosure obligations of employer-sponsored health & welfare plans (federal law).
  • New Jersey Updates 2019 Individual Mandate Employer Reporting

    Recently the State of New Jersey updated its “Information for Employers” website with respect to the New Jersey Health Insurance Mandate. Notably, employers must provide the same Forms 1094-C and 1095-C to the State of New Jersey as they provide to employees and other individuals otherwise...
  • Top Reasons to offer Non-Qualified Deferred Compensation Plans

    Offering competitive benefits for top talent is important to the success of your organization. We get it, and we’re here to help. Your nonqualified deferred compensation plan will be designed to support efforts to recruit, retain and reward key employees. And help them get ready for retirement.
  • Understanding your fiduciary responsibilities - 401(k)

    The sponsor of a qualified retirement plan is responsible for compliance with detailed reporting, disclosure and general qualification requirements. These requirements are imposed by the Internal Revenue Code and the fiduciary responsibility provisions of the Employee Retirement Income Security...
  • Foresight is better than hindsight: Mid-year testing for 401(k) plans

    At the end of every plan year, 401(k) plans must pass nondiscrimination testing to maintain their status as a tax-qualified plan. Failing a test can be costly. Some plan sponsors will need to make additional contributions on behalf of lower paid employees – a contribution that may not have...
  • Excepted Benefit HRAs Highlights from the Final Rule

    The Departments of Labor, Health and Human Services, and the Treasury (collectively, “the Departments”) finalized rules creating two new Health Reimbursement Arrangement (HRA) options available to employers beginning January 2020. These final rules generally follow the proposed...
  • IRS Announces 2020 ACA Affordability Indexed Amount

    The IRS recently announced in Revenue Procedure 2019- 29 that the Affordable Care Act (ACA) affordability indexed amount under the Employer Shared Responsibility Payment (ESRP) requirements will be 9.78% for plan years that begin in 2020. This is a decrease from the 2019 percentage...
  • IRS Expands Preventive Care for QHDHPs

    On June 24, 2019, the President issued an Executive Order directing the Department of the Treasury and the IRS to issue guidance that expands the ability of HSA-qualifying high-deductible health plans (QHDHPs) to cover low-cost preventive care that helps maintain health status for individuals...
  • Thinking About a PEO?

    PEOs have become a growing solution for small- and mid-sized employers looking to streamline their administrative processes. However, the number of PEOs has risen dramatically, leaving employers with many options and confusion about where to start.
  • 2019 Federal Poverty Guidelines Announced

    HHS recently announced the 2019 Federal Poverty Level (FPL) guidelines which, among other things, establish the FPL safe harbor for purposes of the Affordable Care Act (ACA) employer mandate.
  • Proposed Changes to Out-of-Pocket Maximums and Prescription Drug Coverage

    On January 24, the U.S. Department of Health and Human Services (“HHS”) published its Annual Notice of Benefit and Payment Parameters for 2020. This guidance is a proposed rule that addresses certain provisions of the Affordable Care Act (“ACA”). This is just a proposed rule. Any changes will be...