Monthly Archives: August 2014

FMLA Enforcement Initiative: Are you ready?

August 29th, 2014

The Department of Labor is extremely busy in launching on-site FMLA compliance investigations this year. As reports of more 2014 DOL audits surface, employers grow more afraid of failing an investigation for non-compliant FMLA policy and procedures, as well as providing insufficient paperwork including notices, certifications and records. A recent headline in the news pointed...

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Supreme Court Weighs in on ESOPs

August 29th, 2014

Employee stock option plans (ESOPs) were conceived to be a “win-win” for businesses, under the right circumstances. The premise is, when employees have an equity stake in the company they work for, their interests will be aligned with owners because they actually become owners themselves. Congress established tax benefits for ESOPS to help business owners...

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Plan Sponsors Should Aviod Using Their Payroll Provider as Their 401(k) TPA

August 28th, 2014

I stick to what I know, so I venture very little outside the retirement plan space. I do that because I believe it is less likely to cause trouble. The two largest payroll providers don’t follow that phi?losophy — they are also two of the biggest 401(k) third party administrators (“TPAs”) in the country. While...

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IRS Issues Final Regulations on Small Business Health Credit

August 28th, 2014

Although many payroll and other employment provisions of the Affordable Care Act (ACA) are only just taking effect — or will go into effect soon — at least one significant element of the law has been kicking around for several years, but not without some difficulty. Under the ACA, a qualified small business can claim...

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IRS Increases ACA’s Affordability Percentages for 2015

August 5th, 2014

On July 24, 2014, the IRS released Revenue Procedure 2014-37 to index the Affordable Care Act’s (ACA) affordability percentages for 2015 under the employer mandate. The IRS also adjusted upward the income level under which employees are exempt from the ACA’s individual mandate. Employer Mandate Adjustment applicable large employer’s health coverage will be considered affordable...

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