Employee Benefits Legislation

2024 Health Care Horizon: Navigating Legislative and Regulatory Changes

2024-02-01T19:28:53-05:00January 24th, 2024|2024, Employee Benefits Legislation, Health Care, Health Care Reform, Legislative News|

As 2024 unfolds, Congress faces a narrowing timeframe to enact significant health initiatives. The fiscal year's spending bills offer a crucial opportunity for legislation. The process faces two key deadlines: the first when four annual appropriations bills expire on [...]

IRS Raises Retirement Savings Limits for 2024

2023-12-19T15:57:20-05:00November 2nd, 2023|2023, Benefits Administration, Employee Benefits, Employee Benefits Legislation, Legislative News, Retirement Plan|

The IRS has released its annual guidance on inflation adjustments for retirement provisions in 2024. The key updates include: For 401(k) and similar defined contribution plans, the contribution limit for participating employees will rise to $23,000 from $22,500. The [...]

Labor Update: Labor Department Proposes New Overtime Salary Threshold

2023-10-05T13:13:00-04:00October 2nd, 2023|2023, Benefits Administration, Employee Benefits, Employee Benefits Legislation, Labor News, Legislative News|

On August 30, the White House proposed a rule through the Department of Labor to extend overtime pay eligibility to an additional 3 million workers. This move echoes an attempt by the Obama administration eight years prior to modify [...]

Navigating Employee Benefits in the Automotive Industry

2023-12-19T15:57:37-05:00October 1st, 2023|2023, Benefits Administration, Employee Benefits, Employee Benefits Legislation|

The automotive industry encompasses a diverse workforce that requires a specialized approach to employee benefits. NARFA, with its longstanding history and expertise, stands as an invaluable ally for businesses navigating the complexities of employee benefits. The Challenge of Diverse [...]

IRS Update: IRS Announces Two-Year Delay of SECURE 2.0 Act’s Roth Catch-Up Requirement

2024-05-13T13:08:13-04:00August 31st, 2023|2023, Benefits Administration, Employee Benefits Compliance, Employee Benefits Legislation, Legislative News, Retirement Plan|

The IRS has announced a two-year delay of the SECURE 2.0 Act's Roth catch-up requirement, which was set to take effect on January 1, 2024. This means that higher-income employees who are currently eligible to make catch-up contributions to [...]

The Comprehensive Guide to Trade Associations

2024-05-13T13:09:11-04:00August 1st, 2023|2023, Benefits Administration, Employee Benefits, Employee Benefits Legislation, Legislative News, Retirement Plan|

Trade associations play a pivotal role in strengthening industry sectors by uniting companies around common goals and interests. For businesses in the automotive, roads, and fuel sectors, NARFA stands as an example of how a trade association can be [...]

Colorado Labor Updates: Sick Leave, Discrimination, Harassment, and Recordkeeping

2023-10-05T13:13:07-04:00July 31st, 2023|2023, Benefits Administration, Colorado News, Employee Benefits, Employee Benefits Compliance, Employee Benefits Legislation, Labor News|

The following changes to Colorado employment law apply to employers of all sizes. While our math indicates that these laws take effect August 8, the state legislature’s website says they are effective August 7, 2023. PAID SICK LEAVE USES [...]

REMINDER: IRS Raises Health Savings Account and High Deductible Health Plan Limits for 2024

2023-10-05T13:13:09-04:00June 28th, 2023|2023, Employee Benefits, Employee Benefits Legislation, Health Savings Accounts, New Hampshire News|

Employees will be able to save more money in their health savings accounts (HSAs) in 2024, thanks to inflation-driven increases in contribution limits. The IRS announced on May 16 that the annual limit on HSA contributions for self-only coverage [...]

Labor and Legislative Alert: Federal Pregnant Workers Fairness Act Takes Effect

2023-10-05T13:13:10-04:00June 14th, 2023|2023, Benefits Administration, Employee Benefits, Employee Benefits Compliance, Employee Benefits Legislation, Human Resources, Labor News, Legislative News|

The Pregnant Workers Fairness Act (PWFA) is a federal law that prohibits employment discrimination on the basis of pregnancy, childbirth, or related medical conditions. The PWFA was signed into law by the White House on December 29, 2022, and [...]

Labor Update: DOL Clarifies Upcoming Changes to the Form ETA 9089

2023-10-26T13:40:50-04:00April 25th, 2023|2023, Benefits Administration, Employee Benefits, Employee Benefits Compliance, Employee Benefits Legislation, Labor News, Legislative News|

The U.S. Department of Labor (DOL) Office of Foreign Labor Certification (OFLC) recently held webinars to guide users on upcoming changes to the Form ETA 9089. The objective of these changes is to streamline and standardize the information that [...]