Significant Changes Proposed to Form 5500 On July 21, 2016, federal regulators published a proposed rule that aims to improve the Form 5500 annual report filed by employee benefit plans. Under the proposal, all ERISA-covered plans that provide group health … Continue reading →

U.K. Votes to Leave the European Union On June 23, 2016, the United Kingdom voted to leave the European Union (EU)—a decision that sent shockwaves across the world. While it was a close vote, British citizens ultimately chose to back … Continue reading →

DOL Issues New Overtime Payment Rules On May 18, 2016, the U.S. Department of Labor (DOL) announced a final rule regarding overtime wage payment qualifications for the “white collar” exemptions under the Fair Labor Standards Act (FLSA). The final rule … Continue reading →

ACA’s Affordability Contribution Percentage Increases for 2017 On April 12, 2016, the Internal Revenue Service (IRS) released new guidance on the percentages used to determine what is considered “affordable” health coverage. Under the Affordable Care Act (ACA), the affordability of … Continue reading →

Supreme Court Hears Contraceptive Coverage Case On March 23, 2016, the Supreme Court heard oral arguments in Zubik v. Burwell, a group of cases in which religious nonprofits are challenging a government-designed workaround to the Affordable Care Act (ACA) requirement … Continue reading →

ACA Litigation May Affect Employers A New York district court will hear the first case on whether employers may reduce their employees’ work hours in order to avoid providing health benefits required under the Affordable Care Act (ACA). The case … Continue reading →

Recent Court Rulings Raise Questions about FMLA The Family and Medical Leave Act (FMLA) clearly states that when an employer knows that a worker taking leave qualifies for FMLA, it must designate the worker’s absence as FMLA leave. Despite this … Continue reading →

ACA Reporting Deadlines Delayed On Dec. 28, 2015, the Internal Revenue Service (IRS) announced that deadlines for 2015 Section 6055 and 6056 reporting have been delayed. The new deadlines are as follows: March 31, 2016 – Deadline for furnishing Forms … Continue reading →

OVERVIEW On Dec. 28, 2015, the Internal Revenue Service (IRS) issued Notice 2016-4 to delay the due dates for filing and furnishing forms under Section 6055 and 6056. The due date for furnishing forms to individuals has been extended from … Continue reading →

ACA Repeal Passes Senate, Veto Expected On Dec. 3, 2015, the Senate voted 52 to 47 to repeal large parts of the Affordable Care Act (ACA)—marking the first time that the Senate has passed a bill that would repeal the … Continue reading →