article thumbnail

Top 10 Employee Benefits Certifications for Professionals in 2024

HR Lineup

Helps bridge the gap between benefits and compensation planning. Best For: HR professionals who manage both employee compensation and benefits programs. It’s perfect for those who manage employee health savings programs. Covers key topics such as base pay, variable pay, and total rewards strategy.

401(k) 234
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. Annual Participant Compensation Limit.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Year-end checklist for HR

PeopleStrategy

Verify employee compensation. Verify compensation information for every employee in your organization. Ensure that your company will be in compliance with changes to labor laws, employee compensation requirements and any other relevant regulations in the new year. Support compliance with regulatory updates.

article thumbnail

Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

How much of an employee’s salary is made up of benefits. Common Employee Benefits. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. What percentage of total compensation is benefits? 401(k) and retirement plans.