Remove 401(k) Remove Flexible Spending Remove Pension
article thumbnail

Top 10 Employee Benefits Certifications for Professionals in 2024

HR Lineup

Certified 401(k) Professional (C(k)P®) The Certified 401(k) Professional (C(k)P®) credential, offered by The Retirement Advisor University in collaboration with UCLA Anderson School of Management, focuses on the complexities of managing 401(k) plans.

401(k) 234
article thumbnail

Ten Tax Planning Tips for 2022

Money Talk

2021) or 90% of current year (2022) tax liability using a W-4 form at work for job-related income tax withholding; withholding for Social Security, a pension, and required minimum distributions through account custodians; and/or quarterly estimated payments using IRS Form 1040-ES. 401(k), 403(b), and traditional IRA).

Taxes 263
Insiders

Sign Up for our Newsletter

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

article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

Matching 401(k) contributions 2. Health care flexible spending accounts 3. Pension or retirement savings plan 3. Offers like a 401(k) or 403(b) can work as this means that people can use some of their money before they pay taxes on it, and invest in the future. Tuition reimbursement 4.

article thumbnail

IRS Announces 2023 Increases to Qualified Retirement Plan Limits

Proskauer's Employee Benefits & Executive Compensa

Perhaps most notably, the annual limit for pre-tax and Roth contributions by employees to 401(k) plans has jumped from $20,500 to $22,500, and the annual limit for “catch-up” contributions to such plans by employees who are age 50 or older has increased from $6,500 to $7,500. Qualified Defined Benefit Plans. Increase from 2022 to 2023.

article thumbnail

4 Life Hacks to Extend the Value of Your Benefits

Benefit Resource Inc.

You might plan for retirement by contributing to a 401k plan. You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits. Pension plans and retirement health benefits are becoming less common, but Baby Boomers are recognizing the value of existing benefits.

401(k) 98
article thumbnail

Total Compensation Statement Template: A Powerful Tool for Employers

COMPackage

Benefits: This category encompasses a wide range of benefits, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Life insurance Disability insurance Paid time off (vacation, sick leave, personal days) Flexible spending accounts (FSA) Employee assistance programs (EAP) Perks: These are additional non-monetary benefits (..)

401(k) 40
article thumbnail

The Consolidated Appropriations Act: 2021’s Employee Benefits Provisions

McNees

Here is what you should know: Temporary Special Rules for Health and Dependent Care Flexible Spending Arrangements. Mid-Year Election Changes: The Act permits plans to allow employees to prospectively change their health or dependent care flexible spending arrangement elections without a change in status at any time in 2021.