Insperity
OCTOBER 10, 2023
To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. All company retirement plans started in 2023 and thereafter must have an automatic enrollment and escalation provision – also known as “ you’re in unless you’re out.” The SECURE 2.0
Benefits Notes
AUGUST 29, 2023
Act of 2022 (“SECURE 2.0”) required that effective as of January 1, 2024 , participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans, who were age 50 or older and whose Social Security wages for the previous year exceed $145,000 (indexed), only be permitted to make catch-up contributions under such plans on a Roth (after-tax) basis.
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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. Tree service contractors (D-49). Starting Jan. 7) Permanent COVID standard.
Money Talk
APRIL 14, 2022
Tax-Deferred Investing - One way to avoid a higher tax bracket is to increase tax-deductible contributions to an employer retirement plan (e.g., Payroll tax withholding and/or quarterly estimated payments may need to be adjusted. 401(k), 403(b), 457, TSP). 2022, 2023, 2024, and 2025).
Benefits Notes
MARCH 31, 2021
While employers (for self-insured plans and multi-employer plans) or insurance carriers (for fully insured plans) are responsible for the COBRA subsidy, the paying entity is entitled to take a federal tax credit against payroll taxes. ” Payroll Tax Credits. Voluntary Paid Leave Tax Credits.
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