Bulletins

The Missouri Department of Labor and Industrial Relations (DOL) recently released the state’s new minimum wage poster addressing the wage increase approved by voters this past November. On January 1, the required minimum hourly rate will increase to $13.75.

Stating the Department of Labor (DOL) overstepped its authority, a federal Texas judge struck down the minimum salary requirement implemented July 1, 2024, for exempt executive, administrative and professional employees under the Fair Labor Standards Act. The ruling vacates theJuly 1,January 1,...

Missouri voters approved Proposition A increasing the Missouri minimum wage rate on January 1, 2025, from the current-day $12.30 an hour to $13.75. In January of 2026, the hourly required rate will reach $15. Once available, Bukaty Companies will issue the updated Missouri minimum wage employment...

The 2025 health flexible spending account (FSA) contribution limit is $3,300, as established by the IRS in a recent announcement. FSA enrollees can contribute $100 more toward their FSA than was allowed in 2024. The maximum carryover amount for cafeteria plans that allow unused funds to roll over...

Less than six months after the Department of Labor (DOL) adjusted overtime salary thresholds, another adjustment is around the corner. Starting January 1, 2025,executive, administrative and professional employees who are exempt from overtime based on their duties must earn a minimum annual...

The Consolidated Appropriations Act (CAA) gag clause prohibitionrequires issuers and plan sponsors to attest that any agreements they enter with health care providers, third-party administrators or other service providers will not contain language restricting access to cost and quality-of-care...

Employers have an annual obligation to issue a creditable or non-creditable coverage notice to all health plan participants who are Medicare-eligible, including dependents and retirees. The notice, due by October 15, informs Medicare-eligible participants whether their prescription drug coverage is...

Yesterday, a U.S. District Court judge for the Northern District of Texas struck down the Federal Trade Commission’s (FTC’s) April ruling banning most noncompete agreements. The judge ruled that the FTC exceeded its authority when it issued the ban, and the rule was “arbitrary and capricious.”

Each year self-funded plan sponsors must file the Patient-Centered Outcomes Research Institute (PCORI) fee. Applicable employers should use one of four methods to calculate how much is owed and submit the information to the IRS using Form 720 by July 31. Detailed guidance on filling out Form 720...

The IRS announced today that the health flexible spending account (FSA) cap for 2024 is $3,200, a $150 increase from 2023. For cafeteria plans that permit carryover funds, the maximum carryover amount is $640, a $30 increase from the current-day limit. The dependent care FSA limit remains at $5,000...