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IRS Announces 2023 Increases to Qualified Retirement Plan Limits

Proskauer's Employee Benefits & Executive Compensa

Earlier last week, the IRS announced the 2023 inflation adjustments for Flexible Spending Accounts and transportation fringe benefits, as discussed here. Annual Participant Compensation Limit. Highly Compensated Employee Threshold. Key Employee Compensation Threshold for Top Heavy Testing.

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

Genesis HR Solutions

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? per hour worked and accounted for 68.2 Click To Tweet.