Smart Benefits: Penalty Hikes for Workplace Law Violations Announced
Monday, March 19, 2018
Among the increased amounts are:
- ERISA: Failure to file a Form 5500 now carries up to a $2,140 maximum penalty. Failure to provide a Summary of Benefits coverage now has a maximum penalty of $1,128. For failure to furnish information requested by the DOL, the per day maximum is now $152. And failure to inform employees of CHIP coverage opportunities has a max penalty of $114 per day.
- OSHA: The penalty for serious violations increased to a max of $12,934, as did the max penalty for other-than-serious violations and posting requirement violations. For willful or repeated offenses, the maximum is now $129,336.
- FMLA: The penalty increased slightly to a max of $169 for willful violations of the posting requirement.
- FLSA: The maximum penalty for repeated or willful violations of minimum wage or overtime rules is now up to $1,964.
For a chart of all new penalty amounts, click here. The new levels apply to any penalties assessed after January 2, 2018, for violations occurring after November 2, 2015.
Related Articles
- Smart Benefits: IRS Publishes Final ACA Forms for 2017
- Smart Benefits: Affordable Care Act Open Enrollment - What You Need to Know
- Smart Benefits: IRS Updates Guidance on Assessing 2015 Employer Penalties
- Smart Benefits: Five Ways to Use FSA Funds—Before You Lose Them
- Smart Benefits: It’s Time to Review Your Harassment Prevention Policies
- Smart Benefits: New Benefits & Retirement Plan Limits Set for 2018
- Smart Benefits: ACA Numbers to Know for 2018
- Smart Benefits: IRS Allowing 401(k) Loans for Hurricane Victims & Families
- Smart Benefits: Family Health Premiums Up 3% from Last Year, Survey Shows
- Smart Benefits: Brand Ambassadors Can Yield Big Results
- Smart Benefits: Imputed Income for Group Term Life Insurance
- Smart Benefits: Extended OSHA Deadline for 2016 Injury, Illness Reports Less Than a Week Away
- Smart Benefits: Five HR Challenges for 2018
- Smart Benefits: What Drives Health Plan Satisfaction?
- Smart Benefits: Should You Boost Benefits in Light of Tax Reform?
- Smart Benefits: The Rise of AI
- Smart Benefits: What to Do if You Get a Shared Responsibility Letter
- Smart Benefits: How to Ready Your Org for the Gig Economy
- Smart Benefits: Harness Happiness for Increased Productivity
- Smart Benefits: Increased Enforcement Means It’s Time to Get I-9s in Order
- Smart Benefits: Advance Form 5500 Available for 2017
- Smart Benefits: Tips for a Healthy Workplace During Cold & Flu Season
- Smart Benefits: Should You Go Voluntary?
- Smart Benefits: Resolve to Help Employees Stick with Resolutions in 2018
- Smart Benefits: What Benefits Do Workers Want? More Financial Education
Follow us on Pinterest Google + Facebook Twitter See It Read It