2021 Dependent Care FSA limit increase
Date: March 24, 2021
Topic: Benefits Administration, Benefits News, BeneTips
The American Rescue Plan Act of 2021 (ARPA), signed into law on March 11, 2021, permits employers to increase the annual limit on contributions to Dependent Care Flexible Spending Accounts. The new Dependent Care FSA annual limit for 2021 pretax...
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Planning for Open Enrollment in a Socially Distant World
Date: July 21, 2020
Topic: Benefits News, BeneTips
The COVID-19 pandemic has many businesses operating differently – workforces are now positioned remotely whenever possible and some employers are doing more with less either to comply or out of necessity. “Bricks and mortar” facilities...
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DOL Finalizes New Overtime Rule: Here’s What To Make Of It
Date: October 22, 2019
Topic: Benefits News, BeneTips
It’s time to sharpen your pencils (again)! The Department of Labor (DOL) has finalized an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,568. This increase is slightly higher than the $35,308 threshold p...
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NEWSFLASH! IRS Announces Increase to HSA Contribution Limits
Date: May 29, 2019
Topic: Benefits News, BeneTips
The IRS announced an increase to the maximum HSA contribution limits for the 2020 calendar year in Revenue Procedure 2019-25. The individual contribution limit has been raised from $3,500 to $3,550. The family contribution limit has been raised fr...
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Proposed or Not, IRS ACA Penalty Notices Warrant Call To Action
Date: May 16, 2019
Topic: BeneTips, Health Care Reform
The number of instances whereby our clients are receiving notices for alleged non-compliance with the ACA’s Employer Shared Responsibility (ESR or “pay or play”) mandate is on the rise. The most common notice being received is IRS Letter 226...
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DOL Proposes New Overtime Rule
Date: April 1, 2019
Topic: BeneTips
It may be time to sharpen your pencils (again)! The Department of Labor (DOL) has proposed an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,308 per year. In turn, the proposal would expand overtime eligibil...
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New Jersey Implements First State-wide Commuter Benefits Ordinance
Date: March 27, 2019
Topic: Benefits News, BeneTips
If you are an employer who employs at least 20 people in the state of New Jersey, you are now required to offer pre-tax commuter benefits to your employees. NJ is the first state to pass such an ordinance. Though the ordinance is effective immedia...
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New Jersey Individual Mandate Latches On To Federal Reporting Obligations
Date: February 15, 2019
Topic: Benefits News, BeneTips, Health Care Reform
In late January, the state of New Jersey posted new information about its individual health insurance mandate that went into effect on January 1 of this year. Of interest to most impacted employers are the tactics and mechanics associated with h...
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New York Sexual Harassment Law Changes: Is Your Organization Ready?
Date: February 6, 2019
Topic: BeneTips, HR Consulting
On April 12, 2018, New York’s Governor Cuomo signed the state budget, which includes a mandate that employers provide employees with annual sexual harassment training. In addition, the New York State Human Rights Law has been amended to now prot...
Read More >>IRS Announces NEW FSA Maximums for 2019
Date: November 16, 2018
Topic: Benefits News, BeneTips
On Thursday, November 15, 2018, the IRS released the 2019 annual inflation adjustments. Effective January 1, 2019, the new annual Health Care FSA maximum contribution will increase to $2,700. The new monthly maximum contributions for Qualifie...
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