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Associated Benefits and Risk Consulting - Compliance


The Form 5500 filing deadline is approaching — avoid errors and ERISA penalties

The July 31 Form 5500 filing deadline for calendar-year ERISA plan sponsors is right around the corner. You may think you have all of your ducks in a row, but employers sponsoring health and welfare plans often make common errors which can lead to hefty penalties. It’s worth your time to take a closer look and make sure none of your ducks have gone astray.

Have employees in Minnesota? If so, you need to start caring about wage theft

The Minnesota legislature has just passed a new Wage Theft law that goes into effect on August 1, 2019, and which will require you to change a number of your payroll and documentation practices as a result. Employers should decide how they are going to update their paystubs and how they are going to implement the Wage Statement requirements (e.g., who is going to get them, how often you’ll update them, etc.). 

Considerations for rehiring employees

Rehiring employees can be beneficial to your organization, especially if they were strong contributors. You could save time and money since they are familiar with your business, and you do not need to provide them with the in-depth training required for onboarding new employees. Here are some ideas to consider as you create your rehiring policy and procedures.