Avoiding Common Non-Exempt Wage & Hour Pitfalls

Posted by Christy Putnam on October 13, 2017 at 2:43 PM

The Department of Labor website explains that the Fair Labor Standards Act (FLSA) “establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments.”

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Topics: Human Resources, Payroll, HR Compliance

Important Human Resource Compliance Reminders and Updates!

Posted by Christy Putnam on August 10, 2017 at 3:35 PM
Rules and regulations can change quickly and with very little notice to employers. These changes also typically come with significant penalties if employers do not comply. Following are some updates and reminders that you may want to pay close attention to:

ERISA Annual Report (Form 5500) Most employers are familiar with filing Form 5500, or the Annual Report of Employee Benefit Plan, for their retirement plans, but some employers are surprised to learn that these forms must also be filed if the employer has 100+ participants in their health and welfare plans. They must be filed by the last day of the seventh month following the end of the plan year (for calendar year plans that means July 31st). The purpose of the Form 5500 is to provide information on the operations and financial conditions of the benefit plans offered. The Department of Labor (DOL) has proposed significant changes that would take effect, primarily in 2019. Employers should start familiarizing themselves with the potential DOL proposal in preparation now. If you have questions about the Form 5500 filing or ERISA, we recommend you reach out to your employee benefits broker/consultant.

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Topics: Human Resources, HR Compliance

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