Is the interest surcharge included in the employer’s total rate and will it be split out on the rate notice?
The individual interest surcharge and contingency assessment components included in the employer’s tax rate will not be line itemed on the contribution report. Employers will see a contributions tax, which will include the loan principal surcharge component and a contingency and interest assessment which will include the interest surcharge component and the contingency assessment of 0.06%. The trust fund replenishment surcharge is included in the total rate on line 3A of the Contribution report. The interest surcharge is included with the contingency rate on line 3B of the form.
