InterWest Insurance Services

MARCH 7, 2024

If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductions 98

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. DOWNLOAD OUR FREE PDF DETAILING 2023 LIMIT INCREASES: DOWNLOAD PDF.

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. Elective Deferral Limit 401(k), 403(b), 457(b).

401(k) 52

401(k) Deductions Deductible Health Savings Account 52

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 98

Employee Benefits Flexible Spending Account Employment Health Savings Account 98

Empuls

AUGUST 27, 2024

A Glassdoor 2023 survey found that, based on the sentiment of over 1,100 U.S. Google Google offers very strong retirement plans by providing its employees 401(k) matching and financial planning resources to not feel vulnerable about the future, which in turn increases their loyalty and long-term satisfaction. 

Family and Medical Leave Act 40

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

Benefits Notes

NOVEMBER 21, 2023

On November 1, 2023, the Internal Revenue Service (IRS) released Notice 2023-75 , which sets forth the 2024 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The 2023 limits are provided for reference. The following chart summarizes the 2024 limits for benefit plans.

401(k) 52

401(k) Health Savings Account Retirement Plan Deductions 52

WEX Inc.

OCTOBER 8, 2024

While health savings accounts (HSAs) can support short-term and emergency needs , HSA participants are increasingly taking advantage of these accounts’ investment potential. In 2023, HSA investment assets grew 37% year-over-year to nearly $46 billion.

401(k) 52

401(k) Health Savings Account Deductions Deductible 52

WEX Inc.

APRIL 3, 2023

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax savings and increased employee retention.

Health Savings Account 52

Health Savings Account 401(k) Flexible Spending Account Taxes 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

Higginbotham

NOVEMBER 2, 2022

Employee Benefit Plan Limits for 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; and. Transportation fringe benefit plans.

401(k) 52

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

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 105

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 105

Vantage Circle

SEPTEMBER 11, 2023

An employee benefits platform allows a more streamlined and efficient benefits management process, saving time and reducing potential errors. Pic Credit Criteria Ease of Use Features Customer Support Pricing Ratings 4.6/5

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

Insperity

MARCH 12, 2024

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. In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S.

Family and Medical Leave Act 59

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

Empuls

SEPTEMBER 25, 2023

New requirements for health and retirement benefits Health and retirement benefits are an integral part of employee compensation, and they are subject to their own sets of laws and regulations. However, 2023 has seen new amendments that add multiple layers of complexity to these regulations.

Family and Medical Leave Act 40

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