Archive for Posts Tagged ‘DOL’

DOL Updates the Employer CHIP Notice | Houston Employee Benefits
Aug

9

2018

DOL Updates the Employer CHIP Notice | Houston Employee Benefits

The U.S. Department of Labor (DOL) has updated the model notice for employers to use to inform employees about the Children’s Health Insurance Program (CHIP). All employers with group health plans are required to distribute a CHIP notice at least once a year to employees living in certain states. There is no need to send another notice to workers who received the prior version in…

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DOL Fiduciary Rule Overturned | TX Benefits Broker
Mar

29

2018

DOL Fiduciary Rule Overturned | TX Benefits Broker

In its March 15, 2018, decision, the U.S. Court of Appeals for the Fifth Circuit overturned the U.S. Department of Labor’s (DOL) Fiduciary Rule that expanded the definition of an investment advice fiduciary under the federal Employee Retirement Income Security Act (ERISA). Under the Fiduciary Rule, investment brokers were going to be required to put the interest of their clients before their own when advising…

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New Year, New Penalties | Houston Benefit Advisors
Jan

5

2018

New Year, New Penalties | Houston Benefit Advisors

Department of Labor Publishes Updated Penalties for OSHA Violations On January 2, 2018, the U.S. Department of Labor (DOL) published updated, inflation-adjusted penalties for violations of various laws regulated by the DOL and its internal components or divisions, including the Occupational Health and Safety Administration (OSHA). The DOL is required to adjust the level of civil monetary penalties for inflation by January 15 each year…

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The DOL’s Final Overtime Rule Saga Continues | Houston Benefit Advisors
Apr

26

2017

The DOL’s Final Overtime Rule Saga Continues | Houston Benefit Advisors

The change in the regulations that would increase the salary threshold for overtime exemption that was all over the news for the last several months may now be decided by the end of June. The Fifth Circuit Court of Appeals has granted the U.S. Department of Labor (DOL) another 60-day extension of time to file its final reply brief in the in the pending appeal…

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DOL Increases Penalty Amounts to Adjust for Inflation
Jan

24

2017

DOL Increases Penalty Amounts to Adjust for Inflation

For the second time in less than a year the Department of Labor (DOL) has increased the civil monetary penalties assessed or enforced by the DOL. The increases were announced in a final rule issued by the DOL on January 18, 2017. The increases were made pursuant to the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, which requires federal agencies to annually…

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Department of Labor Form 5500’s Time-Intensive and Expensive Reporting Requirements Painful for Small Employers
Jan

20

2017

Department of Labor Form 5500’s Time-Intensive and Expensive Reporting Requirements Painful for Small Employers

Proposed regulations for revising and greatly expanding the Department of Labor (DOL) Form 5500 reporting are set to take effect in 2019. Currently, the non-retirement plan reporting is limited to those employers that have more than 100 employees enrolled on their benefit plans, or those in a self-funded trust. The filings must be completed on the DOL EFAST2 system within 210 days following the end…

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Ten o'clock on the white wall clocks
Nov

25

2016

BREAKING NEWS: Texas Court Issues Injunction Blocking New December 1st Overtime Regulations

On November 22, 2016, a federal district court in Texas granted a preliminary injunction that temporarily blocks the U.S. Department of Labor (DOL) from implementing and enforcing its recently revised regulations on the white collar exemptions to the Fair Labor Standards Act (FLSA). The regulations, which were released in May and scheduled to go into effect on December 1, would more than double the minimum…

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Aug

4

2016

Salary Considerations under the New DOL Standards

On December 1, 2016, the Department of Labor (DOL) will implement changes raising the minimum compensation for exempt employees to $47,476 annually. While salary is just half of a two-part equation that includes a duties test of essential job functions, scrutiny is under way to analyze compensation and find solutions to avoid conflict with the new rule. Why not just have all employees work 40…

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