IRS Archives - Valent Group

Compliance ✔- IRS Increases Affordability Percentage for 2021

Jul 28, 2020 | Compliance Check, Employee Benefits

The IRS announced the new annually indexed percentage for affordability under the Affordable Care Act’s employer mandate provision. Per Rev. Proc. 2020-36, applicable large employers (ALEs) can charge no more than 9.83% of income for plan years beginning...

Compliance ✔- DOL Adopts Revised Enforcement Policies for COVID-19

May 20, 2020 | Risk Management, Safety

Updated 6/4/2020: OSHA recommends businesses take steps to protect workers. Doing so could prevent illness, temporary business closures and workers compensation claims. Multiple COVID-19 cases in a business could indicate the business did little to protect workers,...

Compliance ✔- IRS Mid-year Election Changes & Other COVID-19 Relief

May 14, 2020 | Compliance Check, Employee Benefits

In response to COVID-19 circumstances, the IRS issued cafeteria plan (Section 125) guidance notably permitting employees to make certain mid-year election changes during calendar year 2020 without a change in status or other qualifying event. This relief is...

Compliance ✔- IRS Increases Affordability Percentage for 2021

Compliance ✔- DOL Adopts Revised Enforcement Policies for COVID-19

Compliance ✔- IRS Mid-year Election Changes & Other COVID-19 Relief

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