MJ Insight

Explore MJ Insight, where we cover trending topics, provide industry insights, and keep you up-to-date on the latest compliance regulations.

Benefits+
Benefits+ | Compliance

ACA Information Reporting Penalties Increased for Returns Filed in 2025

IRS Revenue Procedure 2023-34 includes updated penalty amounts that may apply to reporting entities that fail to comply with the Affordable Care Act’s (ACA) requirements under Internal Revenue Code Sections 6055 and 6056. The increased amounts apply to 2024 information (…)

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Benefits+
PUBLISHED November 7th, 2023

BEYOND BUZZWORDS: PAY TRANSPARENCY’S ROLE IN TOTAL REWARDS

Eric Garcia

As a result of changing labor markets, more and more employees are demanding pay transparency. Employees are demanding it, legal mandates are reinforcing it, …

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Benefits+
PUBLISHED November 3rd, 2023

PCORI FEE AMOUNT ADJUSTED FOR 2024

Ann Poland

The Internal Revenue Service (IRS) has issued Notice 2023-70 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on …

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Benefits+
PUBLISHED October 31st, 2023

BOOMERANG EMPLOYEES: THE UNCONVENTIONAL RETURN TO FORMER EMPLOYERS

The MJ Companies

In the aftermath of the “Great Resignation,” yet another unexpected trend is emerging on the talent horizon: the rise of boomerang employees. This trend …

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Benefits+
PUBLISHED October 24th, 2023

HELPING EMPLOYEES MANAGE STUDENT LOAN DEBT

Brea Dantin

The end of the student loan repayment moratorium marks a fresh wave of financial challenges for many American workers. In a time when a …

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Benefits+
PUBLISHED October 20th, 2023

FINAL FORMS AND INSTRUCTIONS FOR 2023 ACA REPORTING RELEASED

Ann Poland

The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056: Draft versions of these forms …

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Risk Management
PUBLISHED October 17th, 2023

WINTER WEATHER PREPAREDNESS: PROTECTING YOUR BUSINESS

Mike Janicki

Over the past decade, we’ve witnessed a series of winter weather events that have left a trail of destruction in their wake. In 2021, …

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News and Updates
PUBLISHED October 16th, 2023

THE MJ COMPANIES WELCOMES DANE FIFE AS RISK MANAGEMENT CONSULTANT

The MJ Companies

INDIANAPOLIS (Oct. 16, 2023) – The MJ Companies, a leading risk management and employee benefits agency for more than 50 years, announced today the …

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Benefits+
PUBLISHED October 10th, 2023

GLP-1 DRUG COVERAGE: BALANCING COSTS AND WELLBEING CONCERNS

Kapri Gonzales

Lately, there has been a significant uptick in the popularity of GLP-1 drugs like Ozempic and Wegovy. Boasting jaw-dropping results and a slew of …

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Benefits+
PUBLISHED October 6th, 2023

HEALTH SAVINGS ACCOUNTS (HSAS) – WHO IS ELIGIBLE?

Ann Poland

Only eligible individuals can establish HSAs and make contributions (or have them made on their behalf). An individual’s eligibility for HSA contributions is typically …

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MJ Foundation
PUBLISHED October 3rd, 2023

PROMOTING ACCEPTANCE THIS NATIONAL DOWN SYNDROME AWARENESS MONTH

Britni Shrout

Differences are defined as a point or way in which people or things are not the same. When we think about differences, we are …

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News and Updates
PUBLISHED September 28th, 2023

INVESTING IN PEOPLE: MJ LEVERAGES UNIQUE ASSETS TO SUPPORT EMPLOYEE EXPERIENCE AT DENVER-BASED COMPANY

The MJ Companies

We are thrilled to announce an exciting engagement between MJ and Ardent Mills, a leading flour-milling and ingredient company headquartered in Denver. Ardent Mills …

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Risk Management
PUBLISHED September 21st, 2023

MITIGATING CLIMATE RISK IN THE RISE OF NATURAL DISASTERS

Mike Janicki

Extreme rainfall, hurricanes, droughts, and wildfires have captivated the nation this year. People have lost their homes, businesses and lives. If it seems like …

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