Remove 2024 Remove Health and Welfare Remove Retirement Plan
article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Top 10 Employee Perks Programs for 2024

HR Lineup

As we step into 2024, the landscape of employee benefits and perks is continuously evolving. These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being.

article thumbnail

WEX named in U.S. News & World Report’s 2024-2025 Best Companies to Work For

WEX Inc.

News & World Report , a global authority in rankings and consumer advice, has named WEX one of the 2024-2025 Best Companies to Work For. The 2024-2025 list includes companies that received high scores on multiple metrics that make up a positive work environment and everyday employee experience.” For investor relations, go here.

article thumbnail

IRS Releases Annual Increases to Health FSA and Transportation Fringe Benefit Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

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.

article thumbnail

Annual Limits on Qualified Plans for 2024

Benefits Notes

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.

401(k) 52
article thumbnail

Comprehensive Guide to the Best Employee Benefits Options for 2024

Empuls

Take the example of a leading technology company where, by just introducing flex-time for its employees, allowing them to work from home, and far better health benefits, the whole approach toward implementing employee benefits was changed. Health insurance Arguably, this is the most important prerequisite of a good benefits package.