Form 5500 is used by employers or pension or welfare benefit plan administrators to satisfy annual reporting requirements under ERISA and the Internal Revenue Code. The form requires information about the qualification of the plan, its financial condition, investments and operations. And if it’s not filed on time, the fines can add up: The IRS
Small to mid-sized companies shouldn’t ignore the importance of an employee handbook when it comes to staying compliant and reducing the risk of litigation.
On July 14, 2016, Massachusetts Governor Charlie Baker signed into law an Act Relative to Housing Operations, Military Service and Enrichment (“The HOME Act”). Massachusetts has previously required that employers provide leave to military veterans wanting to participate in Veterans Day or Memorial Day exercises, parades, or services in their communities of residence. Previously, employers
Companies may need to dig deep. The U.S. Department of Labor (DOL) is upping civil penalties as of August 1st. Here’s what you need to know: At the beginning of July, the DOL announced an increase to a series of penalties that will impact employers. The increase, as explained by the Department, is necessary to