DOL Proposes New Overtime Rule
Date: April 1, 2019
Topic: BeneTips
It may be time to sharpen your pencils (again)! The Department of Labor (DOL) has proposed an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,308 per year. In turn, the proposal would expand overtime eligibil...
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New Jersey Implements First State-wide Commuter Benefits Ordinance
Date: March 27, 2019
Topic: Benefits News, BeneTips
If you are an employer who employs at least 20 people in the state of New Jersey, you are now required to offer pre-tax commuter benefits to your employees. NJ is the first state to pass such an ordinance. Though the ordinance is effective immedia...
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New Jersey Individual Mandate Latches On To Federal Reporting Obligations
Date: February 15, 2019
Topic: Benefits News, BeneTips, Health Care Reform
In late January, the state of New Jersey posted new information about its individual health insurance mandate that went into effect on January 1 of this year. Of interest to most impacted employers are the tactics and mechanics associated with h...
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Implementing Technology into Recruitment and Retention Practices
Date: February 14, 2019
Topic: Company News, HR Consulting
Recruitment and retention should always be on HR’s best practices radar. Now more than ever, the spotlight is shining on millennials. They are infiltrating the work force at a rapid pace and it’s important to learn what motivates them, how the...
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How Much Does Employee Turnover Really Cost the Manufacturing and Distribution Industry?
Date: February 11, 2019
Topic: HR Consulting
Four years ago, employee turnover in the manufacturing and distribution industry averaged 13.7 percent. While this number might not ring any alarm bells, the resulting $840,700 spent on turnover costs per company surely does. Three years later, DC...
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New York Sexual Harassment Law Changes: Is Your Organization Ready?
Date: February 6, 2019
Topic: BeneTips, HR Consulting
On April 12, 2018, New York’s Governor Cuomo signed the state budget, which includes a mandate that employers provide employees with annual sexual harassment training. In addition, the New York State Human Rights Law has been amended to now prot...
Read More >>IRS Announces NEW FSA Maximums for 2019
Date: November 16, 2018
Topic: Benefits News, BeneTips
On Thursday, November 15, 2018, the IRS released the 2019 annual inflation adjustments. Effective January 1, 2019, the new annual Health Care FSA maximum contribution will increase to $2,700. The new monthly maximum contributions for Qualifie...
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Patient-Centered Outcomes Research (PCOR) Fee Adjustment Announced for 2019
Date: November 13, 2018
Topic: Benefits News, BeneTips
The IRS has announced the new PCOR fees for plan and policy years ending on or after October 1, 2018 and before October 1, 2019. The fee has experienced a $0.06 increase; up to $2.45 from the amount previously in effect. This fee is analyzed on...
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Changing the Face of HRAs
Date: November 12, 2018
Topic: Benefits News, Health Care Reform
The Big Picture: New regulations have been proposed by the Trump administration regarding the rules of health reimbursement accounts (HRAs). The regulations would give employers of all sizes additional flexibility to provide greater choice to thei...
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myFlexDollars Gets Personal: It’s More Than Just a Fresh Coat of Paint!
Date: August 21, 2018
Topic: Benefits News, Company News
Baker Tilly Vantagen is proud to announce the launch of a fresh new view available at myFlexDollars.com. We are confident that we’ve set in motion a best-in-class user experience that looks great and, for the first time, enables us to deliver ...
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Check Out Our 2018 Account Services Scorecard
Date: July 27, 2018
Topic: Benefits News, Company News
Baker Tilly Vantagen had a big year! We want to say thank you for your partnership and share what we’ve been up to. Check out our impressive Account Services Scorecard below to see how we rack up against bench-marked administrators*. *S...
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New ACA Regulation Proposed; IRS Releases Webpage For Letter 227 Clarification
Date: June 16, 2018
Topic: BeneTips
Expanding Mandatory Electronic Filing of Information Returns The IRS has proposed a regulation to expand the mandatory electronic filing of most information returns. Currently, the threshold that requires employers to file an information return e...
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