The Family Medical Leave Act (FMLA) was established in 1993. FMLA is a federal law that requires some employers to provide employees job-protected, unpaid leave for a qualifying medical condition as well as for new additions to the family. Typically the most common use of FMLA comes when an employee or spouse gives birth to a child.There are many other circumstances that qualify for FMLA Continue reading
LTD insurance is a policy that protects employees from loss of income if they are unable o work due to illness or injury for an extended period of time. A Long Term Disability claim will typically require an employee to be out of work more then 90 days. The benefit amount is based on a percentage of the individual’s gross income and is paid out weekly or monthly. Long Term Disability ensures that employees are able to receive a percentage of their income when they are unable to work. Continue reading
By: Mary Thompson, Capstone Brokerage President, June 25, 2015
Why is having short term … Continue reading
The DOL Audit can be completely random. Many employers are out of compliance with ERISA and don’t even know it. The DOL has substantially increased its auditing efforts. In fact, the DOL announced last year that their goal is to audit all businesses in the U.S. within the next 3-4 years. Continue reading
Every year thousands of ERISA-governed plans (group medical, dental, vision, STD, 401k,etc.) are selected for audit by governmental agencies. The Department of Labor (DOL) has authority to audit an employee benefit plan’s compliance with the Employee Retirement Income Security Act (ERISA). Audits are performed by the DOL’s Employee Benefits Security Administration (EBSA) and are completely random. Continue reading
