PeopleStrategy

DECEMBER 12, 2023

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.

401(k) 52

401(k) Overtime Health Savings Account Retirement Plan 52

CorpStrat

JANUARY 17, 2023

The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans. Health FSA carryover limit.

401(k) 52

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

Benefits Notes

OCTOBER 24, 2022

On October 21, 2022, the Internal Revenue Service (IRS) released Notice 2022-55 , which sets forth the 2023 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The following chart summarizes the 2023 limits for benefit plans. Catch-up Limit (age 50+). 150,000.

401(k) 52

401(k) Deductions Deductible Health Savings Account 52

PeopleStrategy

OCTOBER 3, 2023

What Each Generation Typically Looks For Baby Boomers (born 1946-1964) are approaching retirement age, so their benefit preferences may focus more on retirement plans, health coverage, and financial security. Customizable Health Plans: Provide a range of health insurance plans with different coverage levels and costs.

401(k) 52

401(k) Retirement Plan Parental Leave Health Savings Account 52

WEX Inc.

FEBRUARY 23, 2023

And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA) , flexible spending account (FSA) , or any other plan you signed up for throughout the year can pay off for you.

Flexible Spending Account 98

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

Genesis HR Solutions

MAY 2, 2023

TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( This cheat sheet explains several common human resource acronyms.

Family and Medical Leave Act 52

Family and Medical Leave Act 401(k) Flexible Spending Account Health Savings Account 52

WEX Inc.

APRIL 24, 2023

Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs.

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

Genesis HR Solutions

SEPTEMBER 22, 2020

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Health Savings Account (HSA).

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

Benefit Resource Inc.

NOVEMBER 29, 2023

We are all faced with choices every day which can lead you to save time or money. You might plan for retirement by contributing to a 401k plan. Use paid time (and personal savings) for a relaxing vacation. In reality, it is generally available to individuals who have chosen to retire early.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

Hppy

JUNE 7, 2018

That makes planning for retirement more concerning and terrifying — 30 percent of employees feel stressed by retirement planning, mentally and emotionally. Stress this fact to employees, and encourage them to automate a consistent portion of their paycheck to their retirement savings. Get your free copy.

Retirement Plan 50

Retirement Plan 401(k) Health Savings Account Education 50

Benefit Resource Inc.

FEBRUARY 4, 2021

Health Savings Accounts (HSAs) are basically the hot new(ish) accessory in the benefits world these days. You also get to keep them into retirement and if you switch employers. No matter where you are in your career, or in life, your Health Savings Account will be your constant companion. For-Ev-Ver!

Health Savings Account 73

Health Savings Account 401(k) Retirement Plan Taxes 73

Benefits Notes

NOVEMBER 5, 2021

On November 4, 2021, the Internal Revenue Service (IRS) released Notice 2021-61 , which sets forth the 2022 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The following chart summarizes the 2022 limits for benefit plans. The 2021 limits are provided for reference.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Benefits Notes

OCTOBER 28, 2020

On October 26, 2020, the Internal Revenue Service (IRS) released Notice 2020-79 , which sets forth the 2021 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The following chart summarizes the 2021 limits for benefit plans. 19,500 (no change).

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Benefit Resource Inc.

MARCH 23, 2021

If you have a pre-tax account and retirement is on the horizon, you’ll want to understand what happens to the funds in your account(s) once you retire. Depending on which pre-tax account you have, the treatment of your funds will vary. A few distinct advantages make HRA VEBAs an excellent retirement vehicle.

401(k) 69

401(k) Health Savings Account Retirement Plan Taxes 69

Flimp Communications

MARCH 31, 2020

The long-term financial wellness of the average American worker is at risk during this health and economic crisis. Where Tax Savings and Benefits Intersect. Health savings accounts (HSAs) are great medical savings and investment tools for employees, particularly those who won’t have a ton of medical expenses year to year.

401(k) 53

401(k) Retirement Plan Medical Taxes 53

Corporate Synergies

AUGUST 6, 2018

Health savings accounts can be a good deal for employees. High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% HSA value isn’t always obvious.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Corporate Synergies

AUGUST 15, 2018

Older workers approaching full retirement age (where they can begin receiving 100% of Social Security), face daunting decisions this, Medicare, and retirement plans such as health savings accounts (HSAs) and 401(k)s. There are specific rules about contributions and withdrawals in retirement.

401(k) 40

401(k) Education Health Savings Account Employment 40

Genesis HR Solutions

JULY 3, 2019

This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirement plan contributions, insurance premiums, and paid time off benefits. 401(k) matching contributions. Insurance, including health, dental, vision, life, disability, etc.

401(k) 40

401(k) Commissions Retirement Plan IT 40

Higginbotham

OCTOBER 5, 2023

The Evolution of Employee Benefits Employee benefits have come a long way since the days of basic health insurance coverage with a savings retirement plan thrown in. Health and Wellness Today’s most innovative wellness initiatives go far beyond traditional gym memberships.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

Business Management Daily

SEPTEMBER 15, 2021

Retirement plans. While salary is usually considered the star of compensation packages, employees also realize retirement plans contribute to their overall financial well-being. Large and small businesses alike benefit from sponsoring plans such as 401(K)s and Simple IRAs. Health Savings Accounts.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Stratus.HR

JANUARY 24, 2022

For example, if you contributed to a health plan, retirement plan, or had a Health Savings Account (HSA), Health Reimbursement Account (HRA), or a Flexible Spending Account (FSA), those dollars are pre-tax. Related articles: Are Employee Gift Cards Taxable?

Taxes 64

Taxes Payroll IT Deductions 64

Insperity

AUGUST 9, 2016

Choosing a high-deductible plan may help you pay less in premiums, but requires your employees to cover more of their costs out of pocket. However, some businesses offset this cost to their employees by contributing money to health savings accounts. Aim for a plan that covers at least 60 percent of employees’ salaries.

Banking 50

Banking Employee Benefits Disability Insurance 401(k) 50

Empuls

SEPTEMBER 25, 2023

Some jurisdictions now require certain types of preventative care to be included in employer-sponsored plans. In terms of retirement benefits, new regulations have been introduced that mandate more transparent communication about the investment options available in retirement plans and also the employer match percentages.

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40

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. Certain health and welfare plan limits have not yet been released.

Health and Welfare 88

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 88

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 84

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 84

Insperity

MARCH 12, 2024

Retirement plans Employees want to be able to save for retirement and plan for their futures. The financial wellness of your workforce is especially critical given economic conditions, record-high inflation and high levels of household debt, leading many workers struggling to save enough money.

Family and Medical Leave Act 57

Family and Medical Leave Act Employee Benefits PTO 401(k) 57

McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.

Employee Benefits 82

Employee Benefits Flexible Spending Account Employment Health Savings Account 82

Higginbotham

OCTOBER 14, 2022

Retirement Plans. They’re also trying to save for their future retirement. Retirement benefits can help them achieve their long-term financial goals and give them another reason to stay with your company. BLS says that 67 percent of private industry workers have access to an employer-provided retirement plan.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Empuls

JULY 11, 2023

They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more. Additionally, employers can deduct the cost of providing health insurance as a business expense. Additionally, Roth retirement accounts offer unique tax advantages.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Winston Benefits

FEBRUARY 12, 2019

One of the most important ways to reduce this shortfall, according to the EBRI research, is to have access to a defined contribution (DC) plan, like a 401(k). And health savings accounts (HSAs) are another valuable tool, especially when it comes to saving tax-free for post-retirement medical expenses.

401(k) 40

401(k) Health Savings Account Retirement Plan Medical 40

WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. And it’s a solution you might already be offering: the health savings account. Why HSAs for retirement planning? Click below to get your free HSA retirement white paper.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Vantage Circle

SEPTEMBER 11, 2023

Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more. For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

Genesis HR Solutions

AUGUST 9, 2018

Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. 401(k) and retirement plans.

Employee Benefits 40

Employee Benefits 401(k) Health Insurance Insurance Carriers 40