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What is the penalty if I do not complete the Fair Share Contribution Filing by November 15th?

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What is the penalty if I do not complete the Fair Share Contribution Filing by November 15th?

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The law governing the FSC program requires DUA to assess penalties on employers who fail to pay required contributions timely. By regulation the penalty is set at 12% per annum on unpaid contribution amounts. Continued failure of the employer to file and/or pay the required contribution may result in legal enforcement actions by DUA, such as receipt of a court judgment against the employer. Typical legal collection methods include bank levies and property liens to employers who persist in non-payment, and/or fail to meet the requirements of a payment plan agreement with DUA.

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