On July 1, 2016, the Department of Labor (DOL) issued an interim final rule that increases the civil penalty amounts that may be
imposed under various federal laws, including the Employee Retirement Income Security Act (ERISA). The interim final rule
increases the civil penalty amounts associated with annual Form 5500, CHIP and SBC.
Navigating the world of employee benefits can be a time-consuming – even frustrating – task. Quality benefits can help retain your best employees and recruit top candidates, but ever-changing compliance requirements and the myriad of choices and decisions that companies face can bog down a company’s benefit strategy. How can you be sure you’re crafting the best benefits package that meets your goals and improves the lives and security of your workforce?