MJ Insight

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

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Benefits+ | Compliance

ACA Information Reporting Penalties Increased for Returns Filed in 2025

PUBLISHED April 26th, 2024
Ann Poland

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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Risk Management
PUBLISHED July 27th, 2023

EXPLORING THE NEW FRONTIERS OF ALTERNATIVE RISK TRANSFER

Aaron Shields

Alternative risk transfer (ART) solutions represent specialized risk financing mechanisms designed to venture beyond the conventional insurance market. These solutions aim to reduce the …

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MJ Foundation
PUBLISHED July 24th, 2023

MJ RAISES OVER $100K FOR COMMUNITY AT ANNUAL MJ FOUNDATION EVENT

The MJ Companies

INDIANAPOLIS (July 27, 2023) – The MJ Companies, a leading risk management and employee benefits agency for nearly 60 years, successfully hosted its annual MJ Foundation fundraiser last week at the …

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Cybersecurity
PUBLISHED July 19th, 2023

CYBER INSURANCE COVERAGE CHECKLIST: WHAT’S COMMONLY COVERED?

Carol Scully

As cyberattacks become increasingly frequent and costly, understanding your cyber risks and protecting your business with sufficient cyber insurance coverage is paramount. Cyber coverage, also known as …

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Benefits+
PUBLISHED July 11th, 2023

THE PWFA IS IN FULL SWING: ARE YOU READY?

Ann Poland

The Pregnancy Workers Fairness Act (PWFA) is now in effect as of June 27. This act focuses on the requirement for employers to provide …

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Benefits+
PUBLISHED July 9th, 2023

DOL ISSUES OPINION LETTER ABOUT HOLIDAYS DURING FMLA LEAVE

Ann Poland

On May 30, 2023, the Wage and Hour Division (WHD) of the U.S. Department of Labor issued Opinion Letter FMLA2023-2-A: “Whether Holidays Count Against …

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MJ Foundation
PUBLISHED July 3rd, 2023

THE STARS OF TOMORROW

Britni Shrout

What time is it? SUMMERTIME! SCHOOL’S OUT, SCREAM AND SHOUT! Unfortunately, we doubt kids today are still singing the infamous track from High School …

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News and Updates
PUBLISHED June 27th, 2023

THE MJ COMPANIES WELCOMES LEIGH CRICK AS SENIOR VICE PRESIDENT OF PEOPLE + CULTURE

The MJ Companies

INDIANAPOLIS (June 26, 2023) – The MJ Companies, a leading risk management and employee benefits agency for more than 50 years, announced today the addition …

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Benefits+
PUBLISHED June 23rd, 2023

UNDERSTANDING RAGE APPLYING: CAUSES AND SOLUTIONS

Angelica Audiss

In fast-paced work environments today, employees are often pushed to perform their best. However, this pressure and frustration can sometimes become overwhelming, leading to …

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Benefits+
PUBLISHED June 22nd, 2023

IS YOUR EMPLOYEE VALUE PROPOSITION GETTING DUSTY?

The MJ Companies

There are no two ways about it – the labor market is competitive. Attracting and retaining top talent is often a central challenge for …

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Risk Management
PUBLISHED June 20th, 2023

CHATGPT: BOONE OR BANE?

Wes Edrington

The tech world is rapidly changing. And with that rapid change and ever-evolving landscape comes both excitement and uncertainty. Excitement that innovation can help …

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Benefits+
PUBLISHED June 16th, 2023

HSA CONTRIBUTIONS FOR ADULT CHILDREN ON PARENTS’ HEALTH COVERAGE

Ann Poland

Adult children who are covered under their parents’ high deductible health plans (HDHPs) may be eligible to establish their own health savings accounts (HSAs) …

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Risk Management
PUBLISHED June 15th, 2023

CLOUD MIGRATION: STRATEGIES FOR COST SAVINGS

Braden Pitts

As technology advances, companies must constantly evaluate their IT infrastructure and determine whether maintaining on-premises systems or undergoing cloud migration is more cost-effective. To …

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