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On Jan. 12, 2020, the U.S. Department of Labor (DOL) announced a new four-factor balancing test to determine whether one or more organizations should be considered “joint employers” under the Fair Labor Standards Act (FLSA). This Legal Update video explains further.  Employers are facing pressure to keep health care costs low for themselves and their employees, particularly in today’s tight labor market. As employers try to attract and retain top talent, they’ve had to get creative, and this is reflected in the following employee benefits trends. Learn more with this article.
Check out these five employee wellness trends that are shaping 2020.  On Jan. 21, 2020, the United States Supreme Court denied motions to expedite consideration of Texas v. Azar, the lawsuit challenging the constitutionality of the ACA's individual mandate. This decision follows a federal appeals court ruling that the individual mandate is unconstitutional due to the elimination of the individual mandate penalty in 2019. This ACA Compliance Bulletin provides an overview of the court's decision.
 A federal spending bill enacted at the end of 2019 included several provisions affecting benefit plans. Among other things, the law extended the PCORI fees for an additional 10 years. As a result, these fees will continue to apply for the 2020-2029 fiscal years. This ACA Compliance Bulletin provides an overview of the PCORI fee extension.
 Under Section 6055 or Section 6056, certain entities are required to file electronically with the IRS. Electronic filing is done using the ACA Information Returns (AIR) Program. This ACA Overview provides detailed information on the electronic reporting process under Section 6055 and Section 6056.
 On Dec. 5, 2019, the IRS released an updated version of its W-4 form. Employers use the form to determine each employee's federal tax withholdings. This document contains IRS answers to some frequently asked questions regarding the new W-4 form.
 ACA reporting under Section 6055 and Section 6056 for the 2019 calendar year is due in early 2020. Although the IRS extended the deadline for furnishing statements to individuals for 2019, the deadline for filing returns with the IRS remains the same. This ACA Bulletin outlines the deadlines for ACA reporting for the 2019 calendar year.
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How to use this LibraryFrom compliance questions to "what is this?" definitions, this library can help answer your benefits-related questions. Search by category. |
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