Benefits Coverage News Today

The Department of Labor recently announced the 2024 inflation adjustments for ERISA-related penalties applicable to health and welfare and retirement plans. Applicable penalties...

The Federal Civil Penalties Inflation Adjustment Act of 2015 directs the US Department of Labor DOL to make annual inflation adjustments to specified Employee Retirement Income Security Act ERISA violations.

Misclassification of workers as independent contractors has labor and employment ramifications as well as employee benefits ramifications. Under common law rules, anyone who performs services for an employer is generally its employee

Worker classification is an area of major concern for employers of all sizes. Misclassification of workers as independent contractors has labor and employment ramifications as well as...

$31 per affected participant and beneficiary $31 per affected participant and beneficiary ERISA §502(c)(2) Failure or refusal to properly file annual report (Form 5500) required by ERISA §104; and Failure of a multiemployer plan to certify endangered or critical status under ERISA §305(b)(3)(C) treated as a failure to file annual report. Up to $2,233 per day Up to $2,259 per day ERISA §502(c)(4) Failure to notify participants under ERISA §10(j) of certain benefit restrictions and/or limita...

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