What are liquidated damages and interest?

Liquidated damages and/or interest may be assessed when employers fail to remit contributions when they are due and/or fail to supply the SAG-AFTRA Health Plan with the required information needed to process earnings and contributions. In addition, failure to supply the required information may result in the assessment of liquidated damages in the amount of 10% of the contributions due for each omission. Failure to supply the required information for 60 days or more from the report due date may result in the assessment of liquidated damages in the amount of 20% of the contributions due for each omission.