DOL Increases Civil Penalty Amounts for 2021

OMA Connections Partner OneSource Advisors has issued a reminder that the U.S. Department of Labor has released its 2021 inflation-adjusted civil monetary penalties that may be assessed on employers for a wide range of violations.

The maximum penalty for violations of federal minimum wage or overtime requirements now sits at $2,074 per violation, while the maximum penalty for failing to file a Form 5500 for an employee benefit plan is $2,259 per day. The maximum penalty for violations of the poster requirement under the FMLA is now $178 per offense. 2/2/2021