Video, Article, & News Library
by Paul J. Brooks – September 9, 2020
Schools have announced their re-opening plans, which vary widely across states and localities. Some schools plan to remain open several days a week and direct students to attend remotely the other days.
Most business owners and leaders find themselves in uncharted waters as they attempt to rebuild their businesses and teams from the impacts of the COVID-19 pandemic.
As more and more offices begin the process of reopening, workplace safety is a top priority for everyone. Today, we would like to share a checklist designed to keep your employees, clients, and vendors safe during this uncertain time. You can access the checklist using the link below. We hope you find it useful.
We at Brooks Financial Group (BFG) are aware of the challenging times we all face personally and professionally as we navigate the uncharted territory of COVID-19. We continue to monitor national, state and local reports and comply with their recommendations. We have adapted processes and procedures that allow us to continue to provide our high level servant leadership to our trusted partner client relationships, while mitigating exposure to all stakeholders.
Do you use electronic media to send employee benefit plan notices, including health plan notices, required SOBCs, ACA Exchange Notices, etc.?
Did you know that the Department of Labor (DOL) has regulations under which employers may use electronic means to distribute certain documents to employees?
Upcoming Group Health Plan Compliance Dates
Employers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans.
Taxpayers have until their tax return due date (not including extensions) to contribute up to $5,500 to an IRA for 2018 ($6,500 if they were age 50 or older on December 31, 2018). For most taxpayers, the contribution deadline for 2018 is April 15, 2019 (April 17 for taxpayers in Maine and Massachusetts).
Make your contribution today!
One of the most important documents participants must receive automatically when becoming covered under a health benefit plan that is subject to ERISA (the federal Employee Retirement Income Security Act) is a summary of the plan, called the Summary Plan Description or SPD. The fact is, many employers are confused about this very important ERISA-required disclosure, which can put them at risk.
The 2019 Federal and State minimum wage chart has been published. Employers should be advised that different rates may apply to employees and in cities and counties that have passed local minimum wage ordinances. Be sure to confirm the wage requirements that apply to your business with your state Department of Labor.
To view a copy of the current chart, please use the link below.
Understanding and successfully managing your financial affairs is an important component in the life of most any working adult. Discover the many benefits of introducing financial education programs into the workplace and see why so many employers are taking the first step to provide their employees with the financial literacy skills they need.