Compliance ✔ 2019 Health FSA Limit
The IRS just announced the Health FSA limit for 2019. The amount increased $50 to $2,700. If an employer’s cafeteria plan document states that the contribution limit reflects the maximum allowable by the IRS, then no changes are necessary. However, if the...
Compliance ✔: 2019 Open Enrollment Compliance Checklist
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after January 1, 2019. Employers should review their plan documents to confirm that...
Compliance ✔: New Forms Required for Background Check
Employers who use consumer reports for employment reasons must disclose new information effective September 21, 2018. A new provision of the federal Fair Credit Reporting Act (FCRA) necessitated the Consumer Finance Protection Bureau (CFPB) to release an interim final...