Latest Highlights

SECURE Act 2.0 Impact to Long-Term, Part-Time Employees

Thursday, December 28, 2023
|
Comprehensive Service
Earlier this year, we communicated advising of SECURE Act 2.0 requirements for Long-Term, Part-Time (LTPT) employees. We have now updated the 'Next Steps' process, and you can find those updates below in this Insights and Solutions article. The following features are now available to assist with identification of, and maintenance for, LTPT employees based on these requirements:
  •  LTPT Employee Indicator in ADP Workforce Now® New field enables identification of LTPT employees and can also be used for reporting these employees to 401(k) plan administrators. 
  • Long-Term, Part-Time Employee Hours report Enables Hours of Service reporting during 2021, 2022 and 2023 401(k) plan years Reference Setting Every Community Up for Retirement (SECURE) Act, Long-Term, Part-Time Employees (LTPT) for information and instructions to use these features.

Note: Please contact your ADP® Service Representative if you wish to exclude LTPT employees from receiving 401(k) match contributions, as existing match calculations will need to be updated to ensure this exclusion.  

Below please find the previous information sent on this topic with additional details added to the paragraph in red.

California Amends Wage Theft Notice Requirements

Thursday, December 7, 2023
|
Comprehensive Service
California has enacted legislation that amends the notice requirements under the state’s Wage Theft Prevention Act, beginning Jan. 1, 2024.

California Expands Year-End Notice Requirement

Tuesday, December 5, 2023
|
Comprehensive Service
California has enacted legislation that significantly expands a requirement for employers to notify employees about federal and state earned income tax credits (EITCs). The changes are effective with notices furnished on or after Jan. 1, 2024.

Chicago Adopts New Paid Leave Ordinance

Tuesday, December 5, 2023
|
Comprehensive Service
Chicago has enacted an ordinance that will require employers to provide both paid sick leave and paid leave that employees working in Chicago can use for any reason. The ordinance takes effect December 31, 2023 and replaces an existing paid sick leave requirement in the city.

End-of-Year Bonuses: Overtime & Tax Considerations for 2023

Monday, December 4, 2023
|
HR Tips

Many employers reward and recognize high performers with a bonus, especially toward the end of the year. If you award bonuses, there are several overtime and tax rules to consider. Here’s an overview of some of these rules to help you as you close out the business year in 2023.

Minimum Wage Announcements

Monday, December 4, 2023
|
Comprehensive Service
The following states or localities have announced new minimum wage increases.

IRS Announces 2024 Benefit Plan Contribution Limits

Monday, December 4, 2023
|
Comprehensive Service
On Nov.  9, 2023, the Internal Revenue Service (IRS) announced via Revenue Procedure 2023-34 the dollar limitation for 2024 on employee salary reductions for contributions to health flexible spending accounts; the monthly limitation regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass; and the maximum amount that can be excluded from an employee’s gross income for the amounts paid for qualified adoption expenses furnished pursuant to an adoption assistance program.
First4041424345474849Last