Business Management Daily

SEPTEMBER 22, 2021

Some benefits to consider adding or expanding are: 401K benefits: If your business is not matching contributions, you may want to look into what competing employers are doing in terms of retirement benefits and whether there is room in the budget to offer some level of matching. Webinars or meetings can be helpful.

Employment 90

Employment Benefit Providers Deductible Deductions 90

Benefit Resource Inc.

APRIL 4, 2024

These contributions are tax-deductible, and withdrawals for qualified medical expenses are entirely tax-free, making HSAs a powerful tax-efficient retirement savings tool. Lower healthcare expenses could potentially translate to reduced premiums for high-deductible health plans, saving your company money in the long term.

401(k) 52

401(k) Retirement Plan Benefits Package Deductible 52

Benefit Resource Inc.

MARCH 28, 2024

This includes copayments, deductibles, prescriptions, and more. Health savings accounts (HSAs): HSAs are available to those with qualifying high-deductible health plans (HDHPs). Contributions to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free. Plus, the funds can roll over year after year.

Flexible Spending Account 52

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

McNees

JANUARY 13, 2023

High Deductible Health Plans can continue to waive the deductible for any telehealth services for plan years beginning before January 1, 2025. Employers may now offer de minimis financial incentives to employees to participate in 401(k) and 403(b) plans. For more information on the Webinar click here: Secure 2.0

401(k) 98

401(k) Health and Welfare Employee Benefits Deductible 98

HR Digest

MARCH 31, 2025

Suggest retirement contribution tweaks to lower taxable income, synced with your 401(k) provider. For example: Flag employees eligible for Earned Income Tax Credit (EITC) based on income data. Highlight state-specific tax filing dates for your remote workersbecause not everyones on the IRS clock.

Taxes 52

Taxes 401(k) Payroll Payroll System 52

McNees

JANUARY 19, 2021

Similar to the COVID distributions, a 401(k) may allow “qualified disaster distributions” up to $100,000 that will not be subject to the 10% early withdrawal penalty. The amounts paid by the participant must be applied toward the participant’s deductible and out-of-pocket limits. Transparency with Respect to Health Plans.

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Employee Benefits Flexible Spending Health Insurance Pension 40

Money Talk

JULY 6, 2023

During the past two months, I summarized information from various recent webinars that might be useful to others. Super Savers - It is unlikely that people who saved for retirement for decades in tax-deferred plans will die without leaving some money in an IRA, 401(k), or other tax-deferred asset.

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401(k) Finance Deductible Deductions 199