Numbers Flashcards
Number of participants in a focus group
5-12
Optimal number of focus groups
3-10
Contribution a business can make to an ESOT
Up to 25%
Bonus ranges: CEOs
Can be greater than 100% of base pay
Bonus ranges: upper-level managers
Can be greater than 50% of base pay
Bonus ranges: lower-level supervisors
Typically between 10-35%
Potential grace period of FSA
Additional 2.5 months
Carryover provision of FSA
up to $500
FSA run-out period
Additional 90 days to make claims for reimbursements
Pension Protection Act of 2006: Opt out period
90 days
STD length
Typically 90-180 days
LTD length
Typically 24-36 months
Wage replacement for STD
60-75%
Cafeteria plan: IRS Section ____
125
FUTA applies to all employers who either employ one or more employees OR pay wages greater than ______ in any quarter of a calendar year
$1,500
Top-heavy 401k plan
A plan with greater than 60% of its total value in the accounts of key employees
How long is an H-1B work visa valid for?
3 years, then renewable for another 3 years (6 years total)
COBRA election period
60 days
How long does it take for administrative laws to take effect after being published in the Federal Register?
30 days
How long must ERISA records be maintained?
6 years beyond the filing date with the DOL
Age requirement for taking a job that has been designated hazardous by the Secretary of Labor
18 years old
Number of days when an Executive Order becomes law after signing
30 days
How long must OSHA forms be retained?
5 years
Number of employees at a private organization required for an EEO-1 filing
100 employees
Number of employees at a federalorganization required for an EEO-1 filing
50 employees
Due date for EEO-1 Filings
September 30
ERISA mandates that employees who use grade vesting must be fully vested in a qualified plan within ___ years
7 years
If Congress passes a bill while in session, regardless of if it is signed by the President, that bill becomes law in how many days?
10 days
Frequency of leadership elections in national unions
5 years
Frequency of leadership elections in local unions
3 years
Frequency of audits under SOX
5 years
Statute of limitations to file a complaint with the OFCCP
180 days
ADEA applies to which organizations?
private employers with 20+
government agencies & labor unions with 25+
Federal Wage Garnishment Law: wage withholdings
Either 25% of employee’s disposable income or 30x FLSA minimum wage
(whichever is less)
Employer shared responsibility (PPACA) - applies to which organizations?
Employers with more than 50 employees must provide affordable coverage to all employees that work 30 or more hours per week
HIPAA - percentage self-employed individuals are able to deduct
80%
Rehabilitation Act applies to which federal government contractors?
Those who hold contracts of $10,000+
Rehabilitation Act applies to which contractors?
Those who hold contracts of $50,000+ and have 50+ employees
How long must employers hold on to I-9s?
Either 3 years or 1 year past termination date
(whichever is longer)
COBRA applies to which employers?
Employers with 20+ employees
How long does COBRA coverage last?
18 months
(Some circumstances may be eligible for an additional 18 months)
Reporting timelines under USERRA
Absent less than 31 days: 8 hours
Absent 31-180 days: 14 days
Absent 180+ days: 90 days
Fine for using a polygraph test in a non-applicable field
$10,000
FMLA applies to which employers?
All private employers, public or government agencies, and local schools with 50+ employees within a 75-mile radius
WARN Act applies to which employers?
Employers with 100+ FT employees
OR
100+ FT/PT employees totaling at least 4,000 hours per week
Within how many days must an EEOC charge must be filed?
180 days
Local union elections must be every ___ years
3
