GNYADA September 2017 Newsletter

Make the Most of Your GNYADA Membership The Association encourages its members to utilize the programs and services that GNYADA offers to help dealerships run as efficiently and profitably as pos- sible. Here are some highlights: 21

Notify Employees about Healthcare Cost Assistance

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Employee Relations Plan: GNYADA’s Employee Relations Plan (ERP) keeps dealers in-the-know about employment laws that impact dealerships. ERP’s Labor Law attorneys offer guidance on hiring/firing, payment issues, worker conflicts, and more. Visit gnyada.com/dealers/employee/overview to learn more. Bond Program: GNYADA secures required bonds for dealers throughout the region. In addition to offering members the lowest rates on new car dealer surety bonds ($300 for a two- year, $50,000 bond), the Association also helps dealers with Permit Bonds, Utility Bonds, and many others. To learn more, email jennifer@gnyada.com . Insurance Brokerage: GNYADA Insurance Brokerage seeks out benefit programs to meet dealerships’ specific coverage needs. The Brokerage also consults members on required changes to their insurance offerings and helps with IRS form filing compliance. Learn more at gnyada.com/dealers/insur- ance/overview . Discounted Products & Services: Dealer Discount Club offers GNYADA members low prices on products and services dealers use the most, including office supplies, required forms, and data storage. To find a vendor that fills your needs, email jennifer@gnyada.com .

As health insurance open enrollment season is set to begin on November 1, 2017, dealers must make sure they notify employees about the Children’s Health Insurance Program Reauthorization Act (CHIPRA). CHIPRA offers premi- um assistance to subsidize health- care costs for eligible low-income children and families covered by the dealership’s health insurance. CHIPRA is funded jointly by states and the federal government and requires employers to notify employees who live in participating states (which include New York, New Jersey, and Pennsylvania) of the option to receive financial help to pay for employer-provided health insurance. Employers who fail to properly noti- fy employees about CHIPRA assis- tance may face penalties of $100 per day that employees go un-notified; dealers should be aware that these penalties are at the Department of Labor’s discretion and are typically only imposed when employees have had substantive problems with CHIPRA access in the past. The CHIPRA notice should be dis- tributed annually to all employees, preferably with any open enrollment documents, before January 1 of the upcoming plan year. A model notice is available on the Department of Labor’s website: https://www.dol.gov/sites/default/file s/ebsa/laws-and-regulations/laws/ chipra/model-notice.pdf

GNYADA BOND PROGRAM

Workshops & Seminars: GNYADA holds specialized training programs taught by expert instructors, designed to improve dealership operations, and enhance profitability. To review upcoming courses at GNYADA’s Center for Automotive Education & Training, see page 6 of this Newsletter, or click here .

Greater New York Automobile Dealers Association 18-10 Whitestone Expressway l Whitestone, NY 11357

Contact Us:

Dealer Hotline: 800.245.4640 Headquarters: 718.746.5900 email: assistance@gnyada.com DMV-DIRECT: 718.747.0400

GNYADA Insurance Brokerage, LLC: 718.746.8100 New York International Auto Show: 718.746.5300 Center for Automotive Education & Training: 718.640.2000

The information contained in this newsletter may not be relied upon for the avoidance of tax penalties.

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • September 2017

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