Recent News

With an unlimited number of sources publishing HR related news it can be difficult to keep the facts straight. BASIC strives to deliver simple, easy-to-understand, and timely industry news/updates. From legal advice, regulation updates, and interesting interactive resources – we have you covered!


 Recent News



Are employee assistance programs subject to COBRA?

September 2nd, 2014

Provided by Larry Grudzien Are employee assistance programs subject to COBRA? An employee assistance program  (“EAP” ) can include any of a variety of employer-sponsored programs that seek to prevent or mitigate personal or family problems that could adversely affect an employee’s productivity.  For most EAPs , a third-party vendor is involved, with certain benefits (usually counseling)

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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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Curbing Employee Absence Abuse with BASIC

July 25th, 2014

An employee’s ability to sporadically take small increments of FMLA leave not only generates administrative headaches for employers, but also raises concerns about employee absence abuse. FMLA offense most commonly occurs with manufactures, retail companies, unions, school districts and city officials. With leave on the rise, HR departments are realizing their recordkeeping and management of

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Hobby Lobby Case Puts the Supreme Court Focus on Religious Bias

July 25th, 2014

As a reminder, in the case involving the Hobby Lobby retail chain, the U.S. Supreme Court upheld the right of a private, closely held corporation to exclude certain birth control methods from its list of wellness benefits under the Affordable Care Act. Specifically, the birth control methods at issue are those that the Hobby Lobby owners believe to induce

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IRS Clarifies Its Position on Contributing to Employee Health Coverage

July 24th, 2014

Last year, the IRS spelled out how it would treat employer contributions to employees to help them buy coverage on their own. More recently, it reiterated its position in Q&A format. The question the IRS posed to itself: What are the consequences to the employer if the employer does not establish a health insurance plan

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Supreme Court: Inherited IRAs Don’t Qualify for Bankruptcy Exemption

July 24th, 2014

The U.S. Supreme Court has held — in a unanimous decision — that inherited IRAs do not qualify for an exemption from the bankruptcy estate. Therefore, they are not protected from creditors in bankruptcy. The case, Clark v. Rameker, has significant implications for inherited IRAs. Facts of the Case In 2001, Heidi Heffron-Clark inherited her

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