Griffin Benefits

NOVEMBER 11, 2021

Together, these combined announcements by the IRS detail 2022 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s.

401(k) 55

401(k) Retirement Plan Health Savings Account Deductions 55

Business Management Daily

DECEMBER 1, 2019

1 payday back into 2020, you’d still have 27 biweekly pay periods, this time in 2021. Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts.

Payroll 83

Payroll 401(k) Deductions Deductible 83

Business Management Daily

JANUARY 5, 2021

Relief for health savings accounts and dependent care assistance plans. So if employees have maxed out on their leave in 2020, they aren’t eligible for more paid leave after Dec. These changes are effective retroactive to March 27, 2020. Catch: Employees had to be enrolled in the DCAP prior to January 31, 2020.

Family and Medical Leave Act 52

Family and Medical Leave Act Payroll 401(k) Taxes 52