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Administered by the International Foundation of Employee Benefit Plans (IFEBP) and Dalhousie University, this program provides a comprehensive education on employee benefits, retirementplans, and health benefits. Key Benefits: Comprehensive coverage of group benefits, retirementplans, and compensation.
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And just because you have an entire plan year ahead doesnt mean you should wait until November or December to put time and energy into your employee benefits. In fact, staying on top of your health savings account (HSA) , flexiblespendingaccount (FSA) , or any other plan you signed up for throughout the year can pay off for you.
Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexiblespendingaccounts (FSAs) Retirementplanning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy.
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On October 21 st , the IRS released a number of additional inflation adjustments for 2023, including to certain limits for qualified retirementplans. The table below provides an overview of the key adjustments for qualified retirementplans. Qualified Defined Benefit Plans. Increase from 2022 to 2023.
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Health care flexiblespendingaccounts 3. The government and the health care sector are working to create plans that small businesses can afford, but at the same time they want to protect their employees. RetirementPlans Employers usually offer retirementplans. Tuition reimbursement 4.
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On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexiblespendingaccounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below. The new limits are set forth below.
Flexible work options. Employees still want traditional options such as retirementplans, educational assistance, and health insurance. However, by implementing a Cafeteria Plan, you can also allow employees to select the additional benefits they prefer. . Cafeteria Plan benefits often include. Adoption Benefits.
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Although most businesses in a HR outsourcing arrangement take advantage of health insurance benefits, many other offered benefits, such as retirementplans and flexiblespendingaccounts are ignored. Employees can save significantly by using pre-tax dollars to pay for medical expenses and even child care.
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This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexiblespendingaccounts, retirementplans and more. Promote the money-saving value of a flexiblespendingaccount.
Benefits: This category encompasses a wide range of benefits, such as: Health insurance (medical, dental, vision) Retirementplans (401(k), pension) Life insurance Disability insurance Paid time off (vacation, sick leave, personal days) Flexiblespendingaccounts (FSA) Employee assistance programs (EAP) Perks: These are additional non-monetary benefits (..)
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Watch the video to hear more from our own Jason Cook about the retirement-planning potential of an HSA. Exploring HSAs and FSAs HSAs and medical flexiblespendingaccounts (FSAs) let you save money because the funds you contribute to them are pre-tax.
The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spendingaccounts, retirementplans, and other employee benefits such as adoption assistance and transportation benefits. 2022 RetirementPlan Limits Increase.
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