When your company grows from 5 to 15 employees, from 15 to 25 and then 25 to 50 employees, you are required to add new policies at each stage of growth. As you grow into different states, you are also required to have applicable state or federal policies.
The Family Medical Leave Act (FMLA) applies to any private sector employer who engages in commerce, industry, or other activities that affect commerce, and who have 50 or more employees.
The US Equal Employment Opportunity Commission requires all federal contractors who have 50 or more employees to fill out and submit the EEO-1 Report. The report requires employers to provide a count of employees by job category and then by ethnicity, race, and gender.
Form 5500 is used to collect data on employees’ benefits, including insurance and pension plans.
The form needs to be completed by any employer who sponsors a plan subject to the Employee Retirement Income Security Act (ERISA). Plans subject to ERISA generally include medical, dental, 401(k), and retirement plans.
If your plan has under 100 employees, you only need to fill out the short version of the form: Form 5500-SF.
Depending on your state, you could also be subject to new regulations once you have 50 employees. For example, California has some of the most strict and confusing Human Resources laws in the nation.
Don’t assume you’re compliant! Assure it! Contact CA HR Services today for a compliance audit!