Please keep in mind that there are two base period for FTE comparison. 1/1/2020-2/29/2020 OR 2/15/2019 – 6/30/2019. You determine the FTE on each period compare to your 8 week covered period, and use either base period that is most beneficial to you.
Alternatively you can look at your FTEs on 2/15/2020 and as long as you offer employment to that FTE equivalent by 6/30/2020 there should be FTE reduction.
By Barry Fields, Vice President, Employee Benefits The President signed into law an emergency stimulus package designed to deliver approximately $900 billion in COVID-19-related aid. Notably, the bill provides funding for unemployment benefits, small businesses,...
Read On..1/13/2021 Update: Beginning January 14th, individuals over 65 and individuals 16-54 with certain medical conditions as defined by the CDC will be eligible. Individuals at High Risk (Phase 1B) (effective 1/14/21) Individuals aged 65 and...
Read On..By Barry Fields, Vice President, Employee Benefits The New Year brings to us the Consolidated Appropriations Act, 2021 (CAA), which includes relief for plan sponsors offering Health Care and/or Dependent Care Flexible Spending Accounts (FSA’s)....
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