InterWest Insurance Services

NOVEMBER 25, 2022

You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. The catch: These funds must be spent by March 15, 2024.

401(k) 88

401(k) Deductions Deductible Flexible Spending Account 88

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2024.

Health and Welfare 86

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 86

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

Health and Welfare 82

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 82

Insperity

OCTOBER 10, 2023

employer-sponsored 401(k) plans. Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? However, the benefits of the SECURE 2.0 The SECURE 2.0

401(k) 108

401(k) Retirement Plan Taxes Benefits Package 108

WEX Inc.

MAY 2, 2024

HSAs have a triple-tax advantage, as in general distributions for qualified medical expenses and investment returns are tax-free, and contributions are tax-deductible. If you offer an HSA, you’ll save money on your payroll tax bill, while employees see financial gains in a number of ways, including: Lower insurance premiums.

Health Savings Account 98

Health Savings Account 401(k) Flexible Spending Account Taxes 98

Vantage Circle

JANUARY 9, 2024

Quick Summary This blog lists the Top 15 HCM Software Platforms after a rigorous review of the top-performing HCMs in the HR space in 2024. Compensation and Benefits: Compensation Planning : Helps design and manage salary structures, bonuses, and other forms of compensation.

Software 65

Software Payroll Global Payroll Human Resources 65

Higginbotham

NOVEMBER 2, 2022

Employee Benefit Plan Limits for 2023. Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. As a reminder, the updated $610 FSA carryover limit is for amounts carried over from the 2023 plan year into 2024, not 2022 into 2023.

401(k) 52

401(k) Flexible Spending Account Health Savings Account Flexible Spending 52