BW INSIGHTS

Affordable Care Act Deadline Extension

On December 15, 2022, the Internal Revenue Service issued final regulations extending deadlines for providing certain information statements under the Affordable Care Act (ACA). The extension applies to Forms 1095-C, filed and issued by applicable large employers (ALEs), who are subject to the ACA Employer Mandate. The extension also applies to... Read More

UPDATE: IRS Extends Deadlines for Certain Additional Required Amendments to Retirement Plans and IRAs

Earlier this year, we shared an update on certain retirement plan updates originally required to be adopted this year. At that time, we noted that some amendment deadlines had been delayed, but other amendments were still required this year. On September 26, 2022, the IRS issued Notice 2022-45, extending the deadline for qualified plans, 403(b)... Read More

IRS Extends Deadline for Certain Required Amendments to Retirement Plans and IRAs

On August 3rd, 2022, IRS Notice 2022-33 extended the remedial amendment periods for qualified plans, 403(b) plans, governmental plans, and 457(b) plans to adopt certain, but not all, required plan amendments relating to the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), the Bipartisan American Miners Act of... Read More

Employee Retention During the Great Resignation

In late 2020 and early 2021, employees began voluntarily exiting their jobs at unprecedented numbers in what has been coined “The Great Resignation,” “The Big Quit,” and “The Great Reshuffle.” In 2021, a record average of 4 million workers quit their job each month, surpassing the 3.5 million record set in 2019. This phenomenon has left employers... Read More

Employer Guidance Regarding COVID-19 Impact on Unemployment Benefits in Iowa

Do employees need to exhaust all vacation, sick leave, or personal time off (PTO) time prior to claiming unemployment benefits? Yes. If an employer offers vacation, sick leave, or PTO time to employees, the employees must exhaust those benefits prior to claiming unemployment benefits. Are employers required to lay off employees in order for the... Read More

DOL Releases Updated FMLA Forms

Last week, the Wage and Hour Division of the United States Department of Labor finally released its updated Family and Medical Leave Act forms. However, I use the term "updated" here loosely, as there were no meaningful changes to the substance of these forms. Nevertheless, if you use the DOL's model forms (which we typically encourage employers... Read More