Bulletins

Annual PCORI fee due July 31, 2019

Employers who are responsible for paying the annual Patient-Centered Outcomes Research Institute (PCORI) Trust Fund fee should use the updated Form 720.  The PCORI fee must be reported annually on the second quarter Form 720 and paid by the July 31 due date.

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Revised EEO-1 pay-data requirement upheld

Regulations requiring employers to collect and report wage information by race, gender and ethnicity were reinstated by a federal judge on March 4. The ruling will apply to all employers required to file an EEO-1 report, which includes all companies with over 100 employees as well as federal...

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IRS issues new 401(k) hardship withdrawal guidance

New hardship withdrawal guidance makes 401(k) accounts more accessible for participants experiencing financial distress. The changes are intended to make rules more flexible for those under severe financial strain and in immediate need of relief.

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DOL issues awaited overtime rule proposal

On March 7, the Department of Labor issued a proposed ruling making overtime pay mandatory for workers earning less than $35,308 per year. This ruling ensures eligible employees earn time-and-a-half pay for hours exceeding a 40-hour workweek. Currently, the salary threshold for overtime sits at...

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401(k) contribution limit increases to $19,000 for 2019

The IRS announced on November 1, 2018, the employee 401(k) contribution limit for 2019 will top off at $19,000 - a $500 increase from 2018. The agency also announced the “all sources” maximum contribution (employer and employee combined) will increase from $55,000 to $56,000. For participants...

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EEO-1 Report deadline is May 31

The EEO-1 Report is required to be filed with the U.S. Equal Employment Opportunity Commission (EEOC) each year for employers with 100 or more employees. The report requires employers to provide employment data by race/ethnicity, gender and job categories. Traditionally the annual reporting...

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New year means new minimum wage in Missouri

 

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IRS extends distribution deadline for ACA returns to March 4

Employers will have until March 4, 2019, to distribute Forms 1095 to employees. The original January 31 deadline has been extended for the third consecutive year.

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New overtime rule expected in March 2019

The U.S. Department of Labor (DOL) recently announced it plans to propose a new overtime rule in March 2019. The rule aims to update the Fair Labor Standards Act (FLSA) regulations that set salary requirements for determining when an employee must be paid...

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Are you ready for a DOL audit?

Nothing strikes fear into the hearts of employers like an audit notice from the Department of Labor (DOL). Would you be ready if the DOL came knocking at your door to audit your employee benefit plan?

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