HSA, FSA and 401(k) limits increased for individuals and families
October 25, 2018
More than 60 million individuals receive benefits from Social Security, but where does the money to fund the program come from? Namely, payroll taxes. The way it works is pretty simple. Employees have 6.2% of their paychecks withheld to cover their Social Security tax obligations. Employers pay...
October 25, 2018
The U.S. Department of Labor (DOL) has released updated versions of its model Family and Medical Leave Act (FMLA) certification and notice forms. The new expiration date is August 31, 2021.
September 10, 2018
Deadline for distribution is October 15; second disclosure deadline linked to plan year
November 3, 2017
The IRS announced the 2018 contribution limits for multiple tax provisions, including cost-of-living adjustments for Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs) and pension plan and 401(k) accounts. The limits for each have been increased to deliver greater tax-saving...
August 28, 2017
Deadline for distribution is October 15; second disclosure deadline linked to plan year
May 11, 2017
The IRS announced the 2018 health savings account (HSA) maximum contribution limits detailed in the newly released Revenue Procedure 2017-37. The annual limit on contributions will increase by $50 for individuals and $150 for families.
February 1, 2017
For employer sponsored wellness programs, the Equal Employment Opportunity Commission (EEOC) has posted a sample notice to help companies comply with their obligations under a recently issued Americans with Disabilities Act (ADA) rule.
November 21, 2016
On April 6, 2016, the U.S. Department of Labor (DOL) released its final rule on fiduciary investment advice (Fiduciary Rule) that significantly broadens the types of activities which will qualify as fiduciary investment advice under the Employee Retirement Income Security Act (ERISA).
October 5, 2016
For 2017, employee 401(k) contributions will once again cap at $18,000 while still allowing an additional $6,000 “catch-up” contribution for those age 50 or older. Total maximum contributions from both sources (employee and employer combined) will increase by $1,000.
