MJ Insight

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Employee Benefits
Employee Benefits | News and Updates

THE MJ COMPANIES STRENGTHENS BENEFITS COMPLIANCE PRACTICE WITH ADDITION OF INDUSTRY LEADER 

INDIANAPOLIS – The MJ Companies, a leading business and financial services consulting firm for more than 60 years, announces the addition of an accomplished benefits compliance professional to its team. Rebecca McColm is joining as Associate Director of Benefits Compliance, (…)

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Benefits+
Low-angle view of classical architectural columns with intricate details against a bright blue sky, showcasing the grandeur and design of historic buildings.
PUBLISHED February 7th, 2025

Medicare Part D Disclosures due by March 1, 2025 for Calendar Year Plans

DeAnn Deck

Group health plan sponsors are required to complete an online disclosure form with the Centers for Medicare & Medicaid Services (CMS) on an annual …

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Benefits+
Calculator, notepad, and pen on a marble surface surrounded by U.S. dollar bills, symbolizing financial planning and budgeting.
PUBLISHED February 3rd, 2025

Balancing Progress with Nonprofit Executive Compensation

Julie Bingham

The median executive pay for nonprofits has risen steadily since 2018. However, due to disparities within the sector, the prominence of short and long-term …

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Benefits+
Close-up view of the U.S. Capitol dome, showcasing its intricate architectural details and columns against a blue sky. The image highlights the grandeur of this iconic building, a symbol of American democracy and government.
PUBLISHED January 15th, 2025

New Colorado FAMLI Rules Include Employer Penalties

The MJ Companies

The new rules address the coordination of FAMLI with other benefits and establish penalties for violations. The Colorado Department of Labor and Employment recently …

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Leave and Absence Management
Woman writing on a 2025 calendar while holding multiple sheets of paper, showcasing planning and organization on a wooden table.
PUBLISHED January 7th, 2025

Integrating Leave Plans

Courtney Hutchison and Brycie Wasson

In November of 2020, employees in Colorado demonstrated via a state-wide ballot the value they place on the ability to access paid leave from …

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Benefits+
Low-angle view of classical architectural columns with intricate details against a bright blue sky, showcasing the grandeur and design of historic buildings.
PUBLISHED January 6th, 2025

Newly Passed Legislation Modifies ACA Reporting Requirements

DeAnn Deck

On Dec. 23, 2024, President Joe Biden signed two bills into law that will streamline the Affordable Care Act’s (ACA) reporting requirements under Internal …

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Benefits+
View of the U.S. Capitol building framed by marble columns, with an American flag in the foreground and lush greenery surrounding the iconic structure.
PUBLISHED December 19th, 2024

Court Rejects New Notice Requirement for Fixed Indemnity Coverage

DeAnn Deck

On Dec. 4, 2024, the U.S. District Court for the Eastern District of Texas vacated a new notice requirement for fixed indemnity coverage in …

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Benefits+
Dome of the U.S. Capitol building in Washington, D.C., with a plane flying in the background on a cloudy day.
PUBLISHED December 13th, 2024

Health Plans Must Update HIPAA Policies for New Reproductive Health Care Rights

DeAnn Deck

Beginning Dec. 23, 2024, covered entities and their business associates must comply with stricter HIPAA privacy protections for reproductive health care. These new protections …

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Benefits+
Pink piggy bank on a blue pathway with three directional arrows, symbolizing financial choices and savings strategies.
PUBLISHED December 10th, 2024

A Future of Greater Benefits Flexibility for Employees

Doug Prince

Benefits may change, but these truths will never change: For any group of employees, a broad range of priorities and needs exist. And the …

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Benefits+
View of the U.S. Capitol building framed by the marble columns of the Supreme Court, with an American flag visible in the background against a clear sky.
PUBLISHED November 18th, 2024

Employee Benefit Plan Deadline Relief Issued Due to Recent Natural Disasters

DeAnn Deck

On Nov. 8, 2024, federal agencies issued deadline relief to ensure that employee benefit plans, participants, beneficiaries, qualified beneficiaries and claimants in disaster areas …

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Leave and Absence Management
Close-up of a sticky note labeled "Paid Leave" placed on a calendar with a pen beside it, symbolizing time off and employee benefits.
PUBLISHED November 5th, 2024

Tale of Two Employers: Early Learnings from the Launch of Colorado’s Paid Leave Insurance Program

Courtney Hutchison

Colorado is a leader in family-supporting policies and one of 13 states with paid family and medical leave laws. As such, we are trailblazers …

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Benefits+
United States Capitol building in Washington, D.C., featuring its iconic dome and statue on top, surrounded by clear blue skies and trees. The image highlights the architectural grandeur and historical significance of the Capitol, a symbol of American democracy.
PUBLISHED November 5th, 2024

IRS Announces 2025 Retirement Plan Limits

DeAnn Deck

The IRS has released Notice 2024-80, containing cost-of-living adjustments for 2025 that affect amounts employees can contribute to 401(k) plans and individual retirement accounts …

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Benefits+
United States Capitol dome with a statue on top, featuring an airplane flying in the background against a cloudy sky.
PUBLISHED October 23rd, 2024

IRS Releases Health FSA Limit for 2025

DeAnn Deck

On Oct. 22, 2024, the IRS released Revenue Procedure 2024-40 (Rev. Proc. 24-40), which includes the inflation-adjusted limit for 2025 on employee salary reduction …

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