The year 2024 has just begun, but things continue to rapidly change in the employee benefits landscape. Rising healthcare costs, shifting workforce priorities, and a complex regulatory environment – it's enough to make any business owner's head spin. How [...]
The IRS has released its annual guidance on inflation adjustments for retirement provisions in 2024. The key updates include: For 401(k) and similar defined contribution plans, the contribution limit for participating employees will rise to $23,000 from $22,500. The [...]
On August 30, the White House proposed a rule through the Department of Labor to extend overtime pay eligibility to an additional 3 million workers. This move echoes an attempt by the Obama administration eight years prior to modify [...]
The automotive industry encompasses a diverse workforce that requires a specialized approach to employee benefits. NARFA, with its longstanding history and expertise, stands as an invaluable ally for businesses navigating the complexities of employee benefits. The Challenge of Diverse [...]
Fleet trade associations, such as the National Automotive, Roads, Fuel Association (NARFA) are organizations that represent the interests of fleet owners and operators. They provide a variety of services to their members, including: Industry research and analysis: Fleet trade associations [...]
Trade associations play a pivotal role in strengthening industry sectors by uniting companies around common goals and interests. For businesses in the automotive, roads, and fuel sectors, NARFA stands as an example of how a trade association can be [...]
The following changes to Colorado employment law apply to employers of all sizes. While our math indicates that these laws take effect August 8, the state legislature’s website says they are effective August 7, 2023. PAID SICK LEAVE USES [...]
UPDATED FORM I-9 A new Form I-9 (Rev. 08/01/23) will be available for employers to use on or after August 1, 2023, and once released can be found on the USCIS website. Employers can also order paper copies if they don’t want [...]
COBRA is short for the Consolidated Omnibus Budget Reconciliation Act of 1985. It’s a federal law that allows certain employees and covered dependents to elect to continue their same group health coverage, at their own cost, when it would [...]
In the ever-evolving landscape of the automotive, roads, and fuel sectors, fleet trade associations have become more crucial than ever. Amidst economic fluctuations and regulatory changes, NARFA stands out as a beacon of support and guidance for businesses with [...]
