Inflation has hit nearly every area of the economy including the penalties for those violating Department of Labor (DOL) regulations. Employers caught violating employee benefit, wage and hour, mine safety, occupational safety and health, and workers’ compensation rules will pay higher fines this year than last. These fines apply to penalties levied after January 15, 2022, for violations that occurred after November 2, 2015. While the DOL will often waive penalties and seldom assesses the maximum amount, ultimately it can do what it wants, making these fines a solid deterrent for those found non-compliant.
Below you will find a list of some common health and welfare plan violations and the penalty amounts for 2022 and 2021.
If you have questions about your compliance with these regulations or need additional help with your plans, don’t hesitate to reach out.
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