Benefits

A Memo From Wanda (Feb 2018)

By Wanda Bishop

One of the most common mistakes in the world of COBRA is forgetting to send the initial notice, sometimes called the general notice.

The mistake is not only common, but also potentially costly, because the noncompliance fee is $110 per day for every day that every notice is late.

A Memo From Wanda (Sept 2017)

By Wanda Bishop

Leaves of Absence are Risky, Complex for Unprepared Employers

Wanda Bishop photoOne of the most common, complicated situations for employers is how to handle employee leaves of absence. An example that comes to mind....

A couple of years ago, a client called us about an employee who’d been out because of an injury unrelated to work.

Health FSA Maximum Increases to $2,600 in 2017

On Tuesday, October 25, 2016, the IRS released Revenue Procedure 2016-55, which included a $50 inflation-adjustment increase on voluntary employee salary reductions for contributions to a Health FSA. 

For an FSA plan year beginning or renewing on or after January 1, 2017, the maximum contribution amount increases to $2,600 per participant per plan year for Full Purpose and Limited Purpose Health FSAs.

This is the maximum allowed per IRS regulations. If desired, an employer may choose to set a lesser amount as the Health FSA maximum for their company-sponsored plan.

New Overtime Rule

The changes to the Fair Labor Standards Act (FLSA) overtime provision have caused concern among many of our clients.  Questions range from what the changes actually are, who they apply to, and how to prepare for them.  We have compiled answers to a few high level questions that may help you understand the upcoming changes.

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