OMA Connections Partner OneSource Advisors reports that the U.S. Department of Labor recently announced its 2020 inflation-adjusted penalties for employer violations of a wide range of federal labor laws. New maximum penalties include:

• $2,050 for violations of federal minimum wage or overtime requirements increases.
• $2,233 per day for failing to file a Form 5500 for an employee benefit plan.
• $176 per offense for violations of the posting requirements under the FMLA.

Employers should become familiar with the new penalty amounts and review their pay practices, benefit plan administration, and safety protocols to ensure compliance. 3/5/2020