Employee Benefits

2024 Employee Benefits: Navigating the Changing Landscape with NARFA Leading the Way

2024-01-05T14:08:08-05:00January 5th, 2024|2024, Employee Benefits|

The year 2024 has just begun, but things continue to rapidly change in the employee benefits landscape. Rising healthcare costs, shifting workforce priorities, and a complex regulatory environment – it's enough to make any business owner's head spin. How [...]

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 [...]

Fleet Trade Associations: Why They Matter More Than Ever

2023-10-05T13:13:06-04:00August 14th, 2023|2023, Benefits Administration, Employee Benefits, Employee Benefits Compliance, Fleet Industry|

Fleet trade associations, such as the National Automotive, Roads, Fuel Association (NARFA) are organizations that represent the interests of fleet owners and operators. They provide a variety of services to their members, including: Industry research and analysis: Fleet trade associations [...]

The Comprehensive Guide to Trade Associations

2023-12-19T15:58:21-05:00August 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 [...]

REMINDERS: New Form I-9 and Remote Verification Procedure Rolled Out

2023-10-05T13:13:07-04:00July 27th, 2023|2023, Employee Benefits, Employee Benefits Compliance, Labor News|

UPDATED FORM I-9 A new Form I-9 (Rev. 08/01/23) will be available for employers to use on or after August 1, 2023, and once released can be found on the USCIS website. Employers can also order paper copies if they don’t want [...]

Benefits Administration: What is COBRA?

2023-10-05T13:13:09-04:00July 3rd, 2023|2023, Benefits Administration, Employee Benefits, Human Resources|

COBRA is short for the Consolidated Omnibus Budget Reconciliation Act of 1985. It’s a federal law that allows certain employees and covered dependents to elect to continue their same group health coverage, at their own cost, when it would [...]

Spotlight on Fleet Trade Associations: Why They Matter More Than Ever

2023-12-19T15:58:34-05:00July 1st, 2023|2023, Employee Benefits, Fleet Industry, Health Care, Small Business Health Insurance|

In the ever-evolving landscape of the automotive, roads, and fuel sectors, fleet trade associations have become more crucial than ever. Amidst economic fluctuations and regulatory changes, NARFA stands out as a beacon of support and guidance for businesses with [...]