Related to: Employee Benefits Law

DOL Issues New Rule for Determining Independent Contractor Status

DOL Issues New Rule for Determining Independent Contractor Status

Whether a particular individual is classified as an employee or an independent contractor under the federal Fair Labor Standards Act (FLSA) is critical for determining an organization’s obligations concerning minimum wage, overtime pay, record keeping, and other requirements under the law. On January 6, 2021, the Department of Labor (DOL), which is responsible for enforcing…

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EEOC Provides Updated Technical Guidance Addressing COVID-19 Vaccinations

EEOC Provides Updated Technical Guidance Addressing COVID-19 Vaccinations

Throughout the COVID-19 pandemic, the Equal Employment Opportunity Commission (EEOC) has continued to provide guidance for employers regarding how to handle various workplace situations. The EEOC updated its technical assistance questions and answers on December 16, 2020 to address concerns related to COVID-19 vaccinations that have recently become available.  One of the first questions employers…

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403(b) Plan

New Notice Requirement to Employees Regarding Unemployment Benefits

Starting on November 2, 2020, Wisconsin employers must notify employees of the availability of Unemployment Insurance (UI) at the time of separation of employment. Separation of employment can include termination for misconduct, layoffs, and furloughs. This notice, however, does not guarantee that an employee will be eligible to receive UI Benefits, but requires the employer…

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Employee Benefits Update: IRS Benefit Plan Limitations

Earlier this morning, the Internal Revenue Service issued various retirement plan limitations for 2021. Some of the most important limits remain unchanged from 2020: Elective Deferral Limit: $19,500 (unchanged from 2020) Catch-Up Contributions: $6,500 (unchanged from 2020) 415 (Total) Plan Limit: $58,000 (increased from $57,000 in 2020) Compensation Limit: $290,000 (increased from $285,000 in 2020)…

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Matt Flanary

2019 IRS Retirement Benefit Plan Limitations

Earlier this week, the Internal Revenue Service issued the various retirement benefit plan limitations for 2019.  There are changes to some of the most important numbers from 2018: Elective Deferral Limit $19,000 Catch-Up Contributions $6,000 415 (Total) Plan Limit $56,000 Compensation Limit     $280,000 The attached chart shows the historical limits from 2015 through 2019,…

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tax forms

Employee Benefits Update: IRS Benefit Plan Limitations

Earlier this week, the Internal Revenue Service issued the various retirement plan limitations for 2018. There are changes to some of the most important numbers from 2017: Elective Deferral Limit $18,500 Catch-Up Contributions $6,000 415 (Total) Plan Limit $55,000 Compensation Limit $275,000 See an up-to-date chart that shows the historical limits from 2014 through 2018,…

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IRS Retirement Plan Limitations

EMPLOYEE BENEFITS UPDATE: IRS Retirement Plan Limitations

October 28, 2016 Earlier this week, the Internal Revenue Service issued the various retirement plan limitations for 2017.  There are only a few changes to the most important numbers from 2016, including: Elective Deferral Limit       $18,000 Catch-Up Contributions      $6,000 415 (Total) Plan Limit        $54,000 Compensation Limit        $270,000 See an up-to-date chart that shows the historical limits…

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EEOC Loses Challenge to Workplace Wellness Program

A federal district court in Wisconsin recently dismissed one of the U.S. Equal Employment Opportunity Commission’s (“EEOC”) well-publicized attacks on employer wellness programs. Our earlier legal updates regarding this case and some other EEOC challenges can be found here: August 2014 Legal Update and October 2014 Legal Update. In EEOC v. Flambeau, Inc., No. 14-cv-638…

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End-of-Year Guidance Clarifies the Treatment of Opt-Out Payments and Extends Reporting Deadlines

Although many employers have already taken steps to satisfy their reporting obligations under the Affordable Care Act (“ACA”), the IRS recently announced several important changes that delay the ACA reporting deadlines and also answer some questions that affect employers that offer employees cash for opting out of health care coverage. As explained below, employers that…

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EMPLOYEE BENEFITS UPDATE: IRS Benefit Plan Limitations

Earlier today, the Internal Revenue Service issued the various retirement plan limitations for 2016. The most important numbers have not changed from 2015. Elective Deferral Limit—$18,000 Catch-Up Contributions—$6,000 415 (Total) Plan Limit—$53,000 Compensation Limit—$265,000 See an up-to-date chart that shows the historical limits from 2012 through 2016, and a reference to the IRS sources. For…

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