Business Management Daily

APRIL 25, 2024

Fringe benefits can include: Cash bonuses Extra vacation time Paternity leave or extended maternity leave On-site amenities Childcare Wellness plans Retirement planning services Monthly stipends for work expenses Unless they’re working in a highly competitive field, most employees expect employers to offer fringe benefits , at least on some level.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

InterWest Insurance Services

NOVEMBER 25, 2022

The IRS has released the 2023 maximum contribution amounts for health savings accounts and flexible spending accounts. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. Retirement plan maximums.

401(k) 98

401(k) Deductions Deductible Flexible Spending Account 98

WEX Inc.

MAY 12, 2023

There are a variety of ways you can promote mental health in the office , and one way is to provide benefits that support your employees' needs. For example, your employees can use their health savings account (HSA) to improve their financial wellness and save money on a variety of mental health-related expenses.

Health Savings Account 98

Health Savings Account Medical Retirement Plan Taxes 98

Griffin Benefits

NOVEMBER 1, 2022

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2023 Retirement Plan Limits Increase.

401(k) 82

401(k) Retirement Plan Health Savings Account Deductions 82

WEX Inc.

SEPTEMBER 25, 2023

While much of the work in the last months has been focused on rate renewals and designing your benefit offerings, the focus must now shift to the open enrollment communication plan. HR pro tip: Track major themes within questions to identify areas of focus within your communication plan. It is not legal or tax advice.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

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

WEX Inc.

APRIL 24, 2023

If you don’t anticipate you (or your family) will require a lot of medical care in the coming year, it may make sense to participate in an HDHP so you can save money by paying less in premiums. Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs. Traditional Health Plan Calculator today!

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

provisions make some significant changes for retirement plans , but CAA 2023 also extends the telehealth plan safe harbor for high-deductible health plans (“HDHPs”) that were first introduced in the 2020 CARES Act. Medicare Mental Health Parity Coverage Report. Not only do the CAA 2023’s “SECURE 2.0”

Deductions 98

Deductions Deductible Health Savings Account Retirement Plan 98

Stratus.HR

JANUARY 24, 2022

To do this, log into the Stratus System , click the green $ sign, go to Taxes (W2 Info), then click the blue Edit button. If you made any pre-tax contributions last year, your YTD earnings will not match Box 1 of your W-2. However, the wages shown in Box 1 of your W-2 is only the amount of earnings subject to federal taxes.

Taxes 64

Taxes Payroll IT Deductions 64

WEX Inc.

SEPTEMBER 12, 2023

Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement. It ensures that your pets receive the care they need without straining your finances.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

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

Benefit Resource Inc.

NOVEMBER 29, 2023

These are truly health hacks everyone should know! ” — Unknown Benefits hack #1: COBRA + HSA = Early Retirement Are you anxiously awaiting your 65th birthday so you can retire and enroll in Medicare? .” You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

Hppy

JUNE 7, 2018

Address Employee Financial and Retirement Concerns. That makes planning for retirement more concerning and terrifying — 30 percent of employees feel stressed by retirement planning, mentally and emotionally. Employers should also revisit plans with changing health care needs of employees.

Retirement Plan 50

Retirement Plan 401(k) Health Savings Account Education 50

AssuredPartners

SEPTEMBER 25, 2023

Baby Boomers (born 1946-1964): Baby Boomers are nearing retirement or have already retired. They value traditional benefits like comprehensive health coverage, retirement plans, and job security. Retirement Planning: Provide financial education and retirement planning resources for Baby Boomers.

Retirement Plan 52

Retirement Plan Health Savings Account Benefits Package Healthcare 52

Griffin Benefits

NOVEMBER 11, 2021

The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. FSA Employer Contribution Limits for 2022.

401(k) 55

401(k) Retirement Plan Health Savings Account Deductions 55

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

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. Medical Insurance.

401(k) 98

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

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

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. Want more information on these plans?

401(k) 69

401(k) Health Savings Account Retirement Plan Taxes 69

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. Indirect Compensation: Taxes. Social security tax. Unemployment tax. Health Savings Accounts (HSA).

401(k) 40

401(k) Commissions Retirement Plan IT 40

Empuls

FEBRUARY 26, 2024

7 Employee benefits trends that will reshape work life in the future The concept of employee benefits is no longer confined to the tangible; it now extends into the intangible realms of mental health support, work-life balance, and financial wellbeing.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Business Management Daily

SEPTEMBER 15, 2021

To aid in the decision-making process, though, here’s a closer look at various types of employee benefits : Health insurance. companies with 50 or more full-time employees must provide health insurance. Small businesses (those with fewer than 50 employees) are not obligated by law to offer health insurance. Retirement plans.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Flimp Communications

MARCH 31, 2020

This year’s federal tax season has been extended to July 15th due to the COVID-19 health crisis. With everyone under unique and often financial strains, many are examining their finances, searching for ways to save money. Where Tax Savings and Benefits Intersect. Unused balances roll over year to year.

401(k) 53

401(k) Retirement Plan Medical Taxes 53

Benefit Resource Inc.

SEPTEMBER 8, 2021

Some people might want benefits that can be used to support children, like a General or Limited Flexible Spending Account (FSA) or a Dependent Care FSA. But others may be interested in long-term saving goals or retirement planning. Provide 3-5 data points explaining each account. Communication. Raise awareness.

Health Savings Account 40

Health Savings Account Flexible Spending Account Finance Retirement Plan 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. As the workforce has evolved, so too have employees’ expectations when it comes to traditional employee benefits.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

Corporate Synergies

AUGUST 15, 2018

1 And 66% of Baby Boomers are working past their retirement age for a variety of reasons: Some can’t afford to retire, particularly with the looming high costs of healthcare; others may choose to work longer to keep their brains active or because they fear the adjustment to a less structured lifestyle. One is retirement “back pay.”.

401(k) 40

401(k) Education Health Savings Account Employment 40

Empuls

SEPTEMBER 25, 2023

Updated OSHA guidelines and standards Safety in the workplace is a continually evolving field, and the Occupational Safety and Health Administration (OSHA) regularly updates its guidelines to reflect this. Some jurisdictions now require certain types of preventative care to be included in employer-sponsored plans.

Family and Medical Leave Act 40

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

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

Insperity

MARCH 12, 2024

(Optional dental and vision care are usually offered alongside health insurance for an added fee.) Affordable Care Act dictates whether your business is legally required to provide health insurance and what your health care plan must cover based on its size. Internal Revenue Service (IRS) each year.

Family and Medical Leave Act 57

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

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. In this blog, we will discuss tax free or non taxable employee benefits. In this blog, we will discuss tax free or non taxable employee benefits.

Employee Benefits 40

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

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

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