Money Talk

APRIL 11, 2024

The 2023 income tax filing deadline is only days away (April 15, 2024 in most of the U.S.). RMD Inevitability - Required minimum distributions (RMDs) are inevitable if you have a traditional IRA (unless you make qualified charitable distributions), SEP-IRA, or qualified employer retirement plan (i.e., There is no way out.

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401(k) Taxes Retirement Plan Pension 185

Best Money Moves

MARCH 11, 2024

The 4 best benefits in 2024, according to employees. Here are the 4 best benefits in 2024, according to employees. Here are the best benefits in 2024 based on input from real workers. Average healthcare premiums for American families increased 7% in 2024, according to research from KFF.

Retirement Plan 105

Retirement Plan Healthcare Healthcare Benefits Parental Leave 105

WEX Inc.

NOVEMBER 27, 2024

Nearly two-thirds of large employers provide their employees with the choice of a high-deductible health plan (HDHP) and a traditional health plan, such as a preferred provider organization (PPO), during open enrollment. If so, let’s start by breaking down the two plans. But there are high-deductible PPOs, as well.

Deductions 52

Deductions Deductible Health Savings Account Flexible Spending Account 52

Best Money Moves

DECEMBER 9, 2024

As 2024 comes to a close, HR professionals are rethinking benefits strategy going into next year. In SHRMs 2024 Employee Benefit Survey, menopause benefits, gender-affirming care and lifestyle savings accounts are becoming benefits trends for the first time. All of these factors mean that employee needs are changing.

roth 401(k) 52

roth 401(k) 401(k) Benefits Package Paid Leave 52

Empuls

AUGUST 27, 2024

In this all-encompassing guide, we look at the best available options concerning Employee Benefits Options in 2024, different types, and significance, along with best practices in designing a benefits package to suit the workforce's needs.

Family and Medical Leave Act 40

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

Insperity

OCTOBER 10, 2023

To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. All company retirement plans started in 2023 and thereafter must have an automatic enrollment and escalation provision – also known as “ you’re in unless you’re out.” The SECURE 2.0

401(k) 116

401(k) Retirement Plan Taxes Benefits Package 116

InterWest Insurance Services

NOVEMBER 25, 2022

The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. The maximum contribution levels are readjusted every year to account for inflation, along with maximum retirement plan contribution limits. Retirement plan maximums.

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401(k) Deductions Deductible Flexible Spending Account 98

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 105

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 105

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.

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Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 105

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 following chart summarizes the 2024 limits for benefit plans.

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401(k) Health Savings Account Retirement Plan Deductions 52

McDermott Will & Emery Employee Benefits

JULY 5, 2023

Act requires participants who earned more than $145,000 in FICA wages in the prior year from their current employer to make all catch-up contributions on a Roth basis beginning in 2024. The SECURE 2.0 Payroll Challenges Plague Roth Catch-Up Contribution Implementation appeared first on EMPLOYEE BENEFITS BLOG.

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Payroll Deductions Deductible Employee Benefits 98

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

Empuls

DECEMBER 24, 2024

According to WTW’s 2024 Global Benefits Attitudes Survey , 75% of employees are likelier to stay with an employer offering a strong benefits program. Retirement plans : Helps employees save for the future. Allocate funds across various categories like health insurance, retirement plans, and wellness programs.

Retirement Plan 40

Retirement Plan Health Insurance Benefits Package Healthcare 40

HR Digest

JUNE 24, 2024

Gen X’s retirement issues have been linked to many different elements but the unstable financial markets that persist today and the switch to 401(k)s over the course of their working years have been the most damaging to their retirement plans. What’s Causing the Gen X Retirement Crisis?

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401(k) Retirement Plan Deductions Deductible 52

Empuls

FEBRUARY 26, 2024

  Workplace dynamics are constantly evolving, the year 2024 promises a revolutionary shift in how organizations approach employee experience. Hybrid working models will be on the rise The remote work revolution that gained momentum in the previous years shows no signs of slowing down in 2024.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Business Management Daily

JANUARY 5, 2023

Act of 2022 —90+ provisions focused on 401(k) and other retirement plans. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. These provisions are effective for plan years beginning in 2024. SECURE 2.0

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401(k) roth 401(k) Taxes Deductions 52

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 25, 2024

In that case, the Supreme Court held that a taxpayers gambling activities could constitute a trade or business, thereby making the taxpayer eligible to deduct his gambling losses as business expenses, if: (i) the primary purpose of the activity was to generate income or profit, and (ii) the activity was continuous and regular. In Local No.

Pension 40

Pension Pension Benefit Consulting Deductions 40

Vantage Circle

JANUARY 9, 2024

Quick Summary This blog lists the Top 15 HCM Software Platforms after a rigorous review of the top-performing HCMs in the HR space in 2024. Compensation and Benefits: Compensation Planning : Helps design and manage salary structures, bonuses, and other forms of compensation.

Software 64

Software Payroll Global Payroll Human Resources 64

WEX Inc.

MARCH 31, 2025

Pre-tax benefits are employer-sponsored programs that allow employees to set aside a portion of their income before taxes are deducted. Contributing more before the deadline can help you lower your taxable income for 2024 while building tax-free savings for future medical expenses.

401(k) 52

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

WEX Inc.

MARCH 4, 2025

If youd like to learn more about how your employees can use their HSA, check out our content from HSA Day 2024 and watch our podcast episode below. Not be covered by any other health plan that would disqualify them from an HSA (for example, a spouses plan or a medical flexible spending account). Who is eligible for an HSA?

Health Savings Account 59

Health Savings Account Flexible Spending Account Taxes Deductions 59

WEX Inc.

AUGUST 22, 2024

Invest your HSA funds Investing your HSA funds can enable your money to grow faster, tax-free, and help supplement your needs long-term while you save for retirement. In fact, only 8% of account holders were investing their HSA balance in 2024. That makes these accounts ideal for retirement planning.

401(k) 52

401(k) Health Savings Account Retirement Plan Taxes 52

Vantage Circle

FEBRUARY 26, 2025

For instance, contributions to health insurance premiums and retirement plans can be tax-deductible for employers, while employees may receive these benefits tax-free. Retirement Plans: Securing Long-Term Financial Stability Helping employees plan for the future builds trust and loyalty.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits Disability Insurance Benefits Package 59

Higginbotham

JULY 7, 2022

Deadlines The self-service price comparison tool must be available by the following phased-in deadlines: 2023 Plan Years: For plan years beginning on or after Jan. 2024 Plan Years: For plan years beginning on or after Jan. Accordingly, group health plans with a calendar year plan (Jan.

Overtime 52

Overtime Retirement Plan Health Insurance Insurance 52

WEX Inc.

OCTOBER 17, 2024

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.

Employee Benefits 59

Employee Benefits Flexible Spending Account Health Savings Account Out of Pocket Cost 59