Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 20, 2023

On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below.

Transportation 59

Transportation Flexible Spending Account Flexible Spending Retirement Plan 59

Benefit Resource Inc.

FEBRUARY 7, 2024

Beyond being a traditional healthcare benefit, HSAs provide a win-win situation for both employers and employees. Understanding HSAs Health Savings Accounts are tax-advantaged savings accounts designed to help individuals and families with high-deductible health plans (HDHPs) cover medical expenses.

Health Savings Account 52

Health Savings Account Healthcare Deductions Deductible 52

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. Tailoring Benefits for Each Generation Healthcare Options: Offer a variety of healthcare plans that cater to different needs.

Retirement Plan 52

Retirement Plan Health Savings Account Benefits Package Healthcare 52

HR Lineup

APRIL 11, 2023

Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. These services can include the provision of benefits such as health insurance, retirement plans , and other non-wage compensations.

Retirement Plan 85

Retirement Plan Health and Welfare Health Insurance Benefit Providers 85

Empuls

FEBRUARY 26, 2024

Corporate wellness programs will impact physical wellbeing  Beyond traditional healthcare benefits, employers are increasingly recognizing the need to invest in comprehensive corporate wellness programs. Rising healthcare costs, coupled with the complexities of insurance plans, can be a source of significant stress. 

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

WEX Inc.

MAY 8, 2023

HDHPs can actually be a great healthcare saving option for employees of all ages. HSAs come with a variety of potential benefits, including employer contributions , extra savings on eligible health expenses , and the ability to invest your money over time for healthcare in retirement. It is not legal or tax advice.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

HR Digest

APRIL 4, 2023

These benefits go beyond traditional healthcare and retirement plans and can range from flexible work arrangements to company-sponsored vacations. Non-traditional benefits, also known as alternative benefits, are employee benefits that go beyond the traditional healthcare and retirement plans offered by many companies.

Employee Benefits 69

Employee Benefits Retirement Plan Healthcare Work From Home 69

Best Money Moves

APRIL 30, 2024

Around 98% of employers provide health coverage and 94% provide retirement planning support. In healthcare, AI helps eliminate human error in administrative work, providing a streamlined experience when distributing medication and making appointments. Another 80% are living paycheck to paycheck.

Retirement Plan 52

Retirement Plan Benefit Providers Technology Finance 52

HR Digest

APRIL 13, 2023

These benefits are not necessarily monetary rewards; instead, they can include healthcare, retirement plans, paid time off, and other perks such as gym memberships or flexible work arrangements. Employee benefits are another critical component of an organization’s total rewards package.

Employee Compensation 64

Employee Compensation Retirement Plan Profit Sharing Plan Commissions 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. To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan).

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

PeopleStrategy

OCTOBER 10, 2023

Provide employees with easily understandable materials that explain their benefit options, including health insurance, retirement plans, and any other perks. Start with Clear Communication Clear and concise communication is the foundation of successful open enrollment.

Flexible Spending Account 52

Flexible Spending Account Retirement Plan Voluntary Benefits Flexible Spending 52

Employee Benefits

AUGUST 30, 2023

Jacky Manning, HR manager at Thatcham Research, said: “In the current economic climate, we understand that financial wellbeing is a significant factor for our colleagues, with such a range of differing circumstances, we needed to be looking at support wider than just traditional retirement planning.

Pension 59

Pension Retirement Plan Taxes Finance 59

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

Qandle

OCTOBER 9, 2023

Employee Benefits: Information about benefits such as health insurance, retirement plans, paid time off, and other perks provided by the company. Benefits overview (healthcare, retirement plans, paid time off, etc.). Overtime policies. Probationary periods. Termination procedures and exit interviews.

Human Resources 98

Human Resources Retirement Plan Media Overtime 98

Proskauer's Employee Benefits & Executive Compensa

OCTOBER 21, 2022

On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. Health FSAs. . Increase from 2022 to 2023. Annual Contribution Limit. Carryover Limit.

Transportation 52

Transportation Flexible Spending Account Flexible Spending Health Savings Account 52

Benefit Resource Inc.

APRIL 27, 2023

However, it’s not just about offering standard benefits like healthcare and retirement plans; customization is key to creating a benefits plan that resonates with employees. Personalizing the employee benefits plan can help employers create a more engaged and satisfied workforce.

Retirement Plan 52

Retirement Plan Parental Leave Healthcare Benefits Package 52

Empuls

APRIL 22, 2024

Here's how:  Reduced financial stress: Benefits like health insurance, retirement plans, and paid time off provide a financial safety net, alleviating stress and anxiety about unforeseen medical bills, future security, and taking a break. 

Employee Benefits 40

Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

Employee Benefits

JANUARY 15, 2024

For older employees supporting younger dependants, financial assistance and counselling can be useful in navigating further education or helping a loved one get on the property ladder and the knock-on effect on their retirement plans.

Pension 111

Pension Retirement Plan Benefits Package Benefit Providers 111

Benefit Resource Inc.

NOVEMBER 29, 2023

.” — 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

HR Digest

APRIL 1, 2024

Pension plans have largely disappeared from the picture as many Americans have not been able to earn enough to invest in other savings, even 401(k)s. What Does BlackRock CEO Larry Fink’s Retirement Crisis Letter Have to Say?

401(k) 52

401(k) Retirement Plan Government Pension 52

WEX Inc.

MAY 12, 2023

With money being the number one factor negatively affecting mental health, HSAs are a great tool for investing and retirement planning. In addition to investment capability, all HSA funds carry over from year to year, so participants can use these accounts to build a balance for their long-term healthcare needs.

Health Savings Account 98

Health Savings Account Medical Retirement Plan Taxes 98

BerniePortal

MARCH 13, 2024

According to a study conducted by Fortune , Gen Z are 32% more likely to invest in their workplace retirement plan than their older colleagues were at their age. Younger generations are becoming more aware of the benefits of long-term savings.

401(k) 52

401(k) Retirement Plan Healthcare 52

Best Money Moves

JUNE 7, 2023

Accessible healthcare for LGBTQ+ employees. Access to inclusive healthcare is a fundamental part of overall wellness for LGBTQ+ employees. Some progress has been made, but there are significant healthcare disparities within the LGBTQ+ community. These three top wellness benefits are key to making a tangible difference.

Pharmaceutical 59

Pharmaceutical Healthcare Retirement Plan Healthcare Benefits 59

Vantage Circle

SEPTEMBER 23, 2023

Meeting Legal And Ethical Obligations: Certain benefits, such as health insurance, retirement plans, and paid time off, may be required by law in many jurisdictions. In this case, their deferred money goes into a 401(k) plan sponsored by their employer. If you establish a 401(k) plan, you: Can have other retirement plans.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Benefit Resource Inc.

JANUARY 16, 2024

In order to draw and keep top personnel, a benefits package that includes health insurance, retirement plans, and particularly HSAs and FSAs, can make a difference. The unused funds in HSAs roll over from year to year, providing employees with a long-term savings vehicle for future healthcare expenses.

Benefits Package 52

Benefits Package Flexible Spending Account Health Savings Account Flexible Spending 52

HR Digest

APRIL 22, 2023

These benefits can also help employers reduce healthcare costs and improve employee retention. Employees want support for their financial goals, such as retirement planning or debt reduction. Financial Wellness Benefits This employee benefits trend 2023 is another growing trend in workplace benefits.

401(k) 105

401(k) Parental Leave Benefits Package PTO 105

Griffin Benefits

MARCH 16, 2022

The pieces that comprise healthcare and retirement plans, voluntary benefits, and EAPs are connected. Reviewing individual plan components and repackaging them to cohesively reflect employee needs can help build stronger financial wellness. 3) Leverage interconnectedness.

Flexible Spending Account 86

Flexible Spending Account Retirement Plan Health Savings Account Voluntary Benefits 86

HR Lineup

APRIL 10, 2023

HR professionals are responsible for managing employee benefits programs, such as health insurance, retirement plans , and paid time off. HR professionals also manage employee benefits programs, such as health insurance , retirement plans, and paid time off.

Family and Medical Leave Act 84

Family and Medical Leave Act Retirement Plan Health Insurance Human Resources 84

Insperity

MAY 26, 2023

Access to comprehensive benefit plans Partnering with a PEO means that your employees can gain access to comprehensive benefit plans that are comparable to those found at large companies. This may include: Health insurance 401(k) retirement plans Healthcare FSA/HSA programs Life/disability insurance 2.

401(k) 67

401(k) Disability Insurance Professional Employer Organization Comprehensive Benefits 67

Employee Benefits

JANUARY 25, 2023

Healthcare and wellbeing Employer-funded private medical insurance (PMI) scheme available to the leadership team and a small number of employees who transferred via Transfer of Undertakings (Protection of Employment (Tupe)) from Anglian Water. Life insurance for all employees with a death-in-service benefit of four-times salary.

Pension 105

Pension Bonuses Voluntary Benefits Retail 105

Employee Benefits

JULY 19, 2023

The benefits on offer at Emcor UK: Pension Contract-based group personal pension (GPP) plan, the Group Flexible Retirement Plan. Healthcare and wellbeing Employee assistance programme for all employees, employer paid. Occupational health, employer paid. Private medical insurance for certain employee levels.

Parental Leave 40

Parental Leave Voluntary Benefits Pension Retirement Plan 40

Business Management Daily

FEBRUARY 16, 2024

A gym membership is nice, but healthcare is better. Types of perks There are all kinds of ways to give employees more than what they’re entitled to (such as pay, time off, healthcare, etc.). People who never learned all the jargon about retirement planning can put some money away in an IRA or 401k with their employer’s help.

Food 87

Food Retirement Plan 401(k) Bonuses 87

Benefit Resource Inc.

FEBRUARY 23, 2023

Unlike 401(k)s and other retirement plans, contributions to HSAs are both pre-tax and tax deductible. With these types of benefits, HSAs can provide more tax breaks than traditional retirement plans such as 401(k)s or IRAs. HSA Money Can Be Used for Expenses After Retirement.

Health Savings Account 52

Health Savings Account 401(k) Retirement Plan Taxes 52

HR Lineup

DECEMBER 28, 2022

With Resourcing Edge, businesses can also take advantage of employee benefits such as healthcare, retirement plans, and life insurance, helping to attract and retain top talent. This includes processing payroll, providing employee self-service portals, and handling tax compliance and reporting.

Retirement Plan 52

Retirement Plan Human Resources Payroll Service Life Insurance 52

HR Lineup

JULY 6, 2023

Benefits Administration Outsourcing: Benefits administration encompasses the management of employee benefits programs such as healthcare, retirement plans, insurance, and leave policies.

Human Resources 79

Human Resources Outsourcing Payroll Retirement Plan Payroll 79

Griffin Benefits

NOVEMBER 23, 2021

Moreso, age is definitely a relevant factor when enrolling in many types of employee benefits, most especially those relating to healthcare and retirement. Put into practice, it would behoove employers to help younger workers, often new hires, to better understand the pros and cons of PPO and HDHP medical plans.

401(k) 55

401(k) Retirement Plan Healthcare Life Insurance 55

HR Lineup

JUNE 12, 2023

Through their user-friendly online portal, employees can conveniently view and select from a wide range of benefits options, including healthcare, dental, vision, retirement plans, and more.

Benefits Package 52

Benefits Package Retirement Plan Consulting Health 52