Upcoming Filing Deadlines A | Provide Affordable Care Act (ACA) Statements to Employees March 1, 2024 Applicable large employers (ALEs) and non-ALEs with self-insured health plans must furnish ACA coverage statements to employees by March 1, 2024. B | Submit Electronic Reports to OSHA March 2, 2024 Employers subject to OSHA’s electronic reporting requirement must [...]
Not only did the Aggie Men's Basketball Team eek out a last second victory against Florida this weekend, but HR&P Solutions & Texas A&M Sports Properties hosted a fantastic pregame tailgate for sponsors and partners of Texas A&M Athletics. Thanks to John Valek III, Madison Waskom, & Erik Book, for their collaboration. Looking forward to [...]
On June 29, 2023, the Equal Employment Opportunity Commission (EEOC) announced that the date for employers to begin submitting 2022 EEO-1 Reports is delayed again, this time with a tentative new opening date in the fall of 2023. The EEOC had previously extended the expected opening date for 2022 EEO-1 reporting until mid-July 2023. Under [...]
The concept of a four-day workweek isn’t new, but it’s gained traction as the COVID-19 pandemic caused increasing numbers of employees to work remotely some or all the time. A 2022 survey by professional services company Ernst & Young found that nearly half (40%) of surveyed companies had or were in the process of implementing [...]
The U.S. Bureau of Labor Statistics (BLS) found in its June jobs report that U.S. employers added 209,000 nonfarm jobs in June,below the Dow Jones’ estimate of a net gain of 225,000 jobs. This is the first time in 15 months that reported nonfarm jobs have not met or exceeded Wall Street’s expectations. June’s number [...]
The EEO-1 Report is a federally mandated survey that collects workforce data categorized by race, ethnicity, sex and job category. Under Title VII of the Civil Rights Act (Title VII), employers with 100 or more employees and certain federal contractors must report this data to the Equal Employment Opportunity Commission (EEOC) by March 31 every [...]
Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Forms 5500) for 2022 with the Department of Labor (DOL) by July 31, 2023. An employer may extend this deadline by two and one-half months (until Oct. 16, 2023) by filing IRS Form 5558 by July 31, 2023. This [...]
On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The IRS is required to publish these limits by June 1 of each year. These limits include: The maximum HSA contribution limit; The minimum deductible amount for [...]
Employees may need to take time off from work for various reasons, including for their own medical situations or family emergencies. Federal and state leave laws require employers to provide employees with leave in certain situations. In general, when employees request time off from work, employers should consider their obligations under: The federal Family and [...]
Summary of Benefits and Coverage The Affordable Care Act (ACA) added a disclosure requirement for group health plans and health insurance issuers called the “summary of benefits and coverage” (SBC). The SBC is a short document providing simple and consistent information about a health plan’s benefits and coverage. It must be provided free of charge [...]
