Insperity

OCTOBER 10, 2023

workers better prepare financially for retirement, at every stage of their employment journey. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 employer-sponsored 401(k) plans. The Internal Revenue Service (IRS) will begin enforcing this provision in 2026.

401(k) 108

401(k) Retirement Plan Taxes Benefits Package 108

Money Talk

APRIL 14, 2022

Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018. Strategies to garner a tax benefit for charitable gifts to qualified charities include “bunching” deductions into one tax year and setting up and funding a donor advised fund.

Taxes 188

Taxes Family and Medical Leave Act 401(k) Deductions 188

InterWest Insurance Services

DECEMBER 20, 2022

1, 2026, it applies to all licensed contractors or applicants for licensure, regardless of classification, unless they are organized as a joint venture and file a certificate of exemption from workers’ compensation. Employers would no longer be required to evaluate whether their method of ventilation is adequate to reduce risk.

401(k) 89

401(k) Paid Sick Leave Retirement Plan Workers’ Compensation 89

McNees

JANUARY 19, 2021

Similar to the COVID distributions, a 401(k) may allow “qualified disaster distributions” up to $100,000 that will not be subject to the 10% early withdrawal penalty. The amounts paid by the participant must be applied toward the participant’s deductible and out-of-pocket limits. Transparency with Respect to Health Plans.

Employee Benefits 40

Employee Benefits Flexible Spending Health Insurance Pension 40