In a May 1, 2019, Revenue Procedure, the IRS expanded the determination letter program to reach statutory hybrid plans and plan mergers. As background, in 2017, the IRS significantly narrowed the application of its determination letter program for individually designed qualified plans. Prior to 2017, individually designed retirement plans were […]
Labor & Employment Law Update
EEO-1 Pay Data Roller Coaster
In a whirlwind few weeks, the fate of the EEO-1 Pay Data requirement (referred to as “Component 2”) was finally decided…or was it? As a quick refresher, the EEO-1 survey must be filed annually by private employers with 100 or more employees, and by federal contractors with 50 or more […]
New Salary Levels Proposed for White Collar Exemptions: The Latest In the DOL’s Rollercoaster
Remember what you were doing in late November 2016? Me neither. But you may remember around that time analyzing the salary levels for your employees who are classified as exempt from the Fair Labor Standards Act’s overtime requirements under one of the “white collar” exemptions (i.e. the executive, administrative, professional, […]
Federally Declared Disaster Brings Options for Employers
As a result of the major flooding across the Midwest, President Trump declared a state of “major disaster” in Nebraska on Friday, March 22, and in Iowa on Monday, March 25. This designation brings several special tools for employers to assist their employees who have been impacted. PTO Donation Policy […]
Extension of Due Dates For Certain ACA Information-Reporting Requirements
The IRS extended the due date for furnishing to individuals Forms 1095-B and 1095-C, from January 31, 2019, to March 4, 2019. Notwithstanding this extension, the IRS encourages employers and other coverage providers to furnish their 2018 statements as soon as they are able. The IRS did not grant an […]