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IRS Announces 2024 Employee Benefit Plan Limits

McDermott Will & Emery Employee Benefits

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.

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IRS Announces 2024 Employee Benefit Plan Limits

McDermott Will & Emery Employee Benefits

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.

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Can Employers Help Employees Save (or Save More)?

AssuredPartners

Despite layoffs and salary reductions, 67% of Generation Z workers have been saving through their employer-sponsored 401(k) or similar retirement plans. Employers have an opportunity to support this multi-generational workforce with their business practices and employee benefit programs. Employer Support.

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IRS Announces 2023 Employee Benefit Plan Limits

McDermott Will & Emery Employee Benefits

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.

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How Does Providing Instant Loans to Employees Help in Employee Retention?

Empuls

Employee satisfaction is linked with workplace productivity and output. This is the reason why most of the companies go above and beyond to provide better welfare programs and other things that help them in taking care of their employees.

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February HR News Worth Review

Higginbotham

White House Announces End of COVID-19 Emergency Periods – How This Will Impact Health Plans The Biden Administration has announced its plan to end the COVID-19 national emergency and public health emergency (PHE) on May 11, 2023.