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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.
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 flexiblespending accounts (FSAs) let you save money because the funds you contribute to them are pre-tax. Funds you or your employer contribute to your HSA can help with this.
Flexiblespending accounts (FSA) Flexiblespending accounts (FSAs) offer a valuable tax-advantaged benefit, but the IRS use-or-lose rule can result in forfeited funds if employees dont use their balances by the deadline. Retirementplan compliance (SECURE 2.0 March 3, 2025: Provide 1095-C forms to employees.
PES Benefits provides a comprehensive suite of employee benefits, covering various areas such as health and wellness, retirementplanning, and financial security. Retirementplanning is another crucial aspect of PES Benefits’ offerings.
With political campaigns often influencing policy proposals from healthcare to retirementplans, this episode dives into what employers and professionals can expect and how they can prepare for potential changes. Keep reading and check out our podcast episode below to learn more.
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.
Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexiblespending accounts (FSAs) Retirementplanning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy.
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) , flexiblespending account (FSA) , or any other plan you signed up for throughout the year can pay off for you.
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They offer a wide range of services, including group health insurance, dental and vision coverage, life insurance, short- and long-term disability insurance, flexiblespending accounts, and more. Their mission is to help companies attract, retain and engage their employees through comprehensive and innovative benefits programs.
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Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. Retirementplanning Healthcare costs are the biggest reason that household expenses increase during the first six years of retirement.
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Health care flexiblespending accounts 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. Matching 401(k) contributions 2.
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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 flexiblespending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below. The new limits are set forth below.
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Portability: Unlike FlexibleSpending Accounts (FSAs), funds in an HSA roll over from year to year, allowing account holders to accumulate savings over time. This feature makes HSAs a unique and versatile financial tool for retirementplanning.
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The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirementplans, and other employee benefits such as adoption assistance and transportation benefits. 2023 RetirementPlan Limits Increase.
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.
On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexiblespending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below. Health FSAs. . Increase from 2022 to 2023.
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This can look like: Using well-known carriers for the health insurance options you sponsor Contributing to a health savings account or flexiblespending account for employees Offering an employee assistance program (EAP) Matching a percentage of employee retirementplan contributions.
On November 1, 2023, the Internal Revenue Service (IRS) released Notice 2023-75 , which sets forth the 2024 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirementplans.
.” — Unknown Benefits hack #1: COBRA + HSA = Early Retirement Are you anxiously awaiting your 65th birthday so you can retire and enroll in Medicare? You have a healthy retirementplan with a 401K, but lack options for comprehensive group medical benefits.
Although most businesses in a HR outsourcing arrangement take advantage of health insurance benefits, many other offered benefits, such as retirementplans and flexiblespending accounts are ignored. Employees can save significantly by using pre-tax dollars to pay for medical expenses and even child care.
This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexiblespending accounts, retirementplans and more. Promote the money-saving value of a flexiblespending account.
Provide employees with easily understandable materials that explain their benefit options, including health insurance, retirementplans, and any other perks. Offer Choice and Flexibility Employees value choice and flexibility. Highlight the Value Proposition Explain the value of the benefits you offer.
The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirementplans, and other employee benefits such as adoption assistance and transportation benefits. 2022 RetirementPlan Limits Increase.
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) Flexiblespending accounts (FSA) Employee assistance programs (EAP) Perks: These are additional non-monetary benefits (..)
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Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. Retirementplanning Healthcare costs are the biggest reason that household expenses increase during the first six years of retirement.
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On October 26, 2020, the Internal Revenue Service (IRS) released Notice 2020-79 , which sets forth the 2021 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirementplans.
RetirementPlans. They’re also trying to save for their future retirement. Retirement benefits can help them achieve their long-term financial goals and give them another reason to stay with your company. BLS says that 67 percent of private industry workers have access to an employer-provided retirementplan.
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