Pay or Play Affordability Percentage Will Increase for 2025
The IRS announced that the ACA affordability percentage for plan years beginning in calendar year 2025 will be 9.02%. This is an increase from the 2024 affordability threshold of 8.39%. The ACA affordability percentage affects whether the employer’s coverage satisfies...
Updated Deadline: 2022 EEO-1 Component 1 Data Collection
The 2022 EEO-1 Component 1 data collection is tentatively scheduled to open in mid-July 2023. Updates regarding the 2022 EEO-1 Component 1 data collection, including the opening date, will be posted to www.eeocdata.org/eeo1 as they become available. Links and...
The End of the COVID-19 National Emergency and Public Health Emergency Declarations
Impact on Employer-Sponsored Health Plan On January 30, 2023, the Biden Administration issued a policy statement indicating its intention to end the COVID-19 national emergency (“NE”) and public health emergency (“PHE”) declarations effective as of May 11, 2023. The...
DOL Announces Proposed Rules on Classifying Employees vs. Independent Contractors
This Compliance Alert has been prepared by Seth Capper of the attorneys at Maynard, Cooper and Gayle. On October 13, the DOL’s Wage and Hour Division (“WHD”) published a Notice of Proposed Rulemaking, wherein the WHD proposed new regulations for determining whether a...