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Compliance Areas for 2024 You Might Not Have Thought Of

PeopleStrategy

That means you need to be acutely aware of changes, such as new annual limits on contributions and required coverage in 2024. For plan years beginning in 2024, the minimum annual deductible is $1,600 for self-only coverage and $3,200 for family coverage. It’s a lot and you need to make sure other departments are in the know.

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A Guide to Understanding Retirement Rewards and Benefits with Fortune 500 References

Empuls

Some examples of defined contribution plans include 403(b) plans, 401(k) plans, employee stock ownership plans, and profit-sharing plans. With many acts, and programs in place, literacy about an employer's retirement plan is a must.

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