2022 Health Savings Account Limits Released
May 12, 2021
The Internal Revenue Service has released cost of living adjustment limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs) in Revenue Procedure 2021-25. Annual deductibles for self-only and...
Read more
American Rescue Plan Act of 2021: Dependent Care Assistance Plan Limit Increase and COBRA Premium Subsidy
the American Rescue Plan Act of 2021 provides temporary updates to Dependent Care Plan limits and COBRA premiums .
Mar 17, 2021
Among the many provisions offering potential relief to workers, the American Rescue Plan Act (ARPA 2021) signed into law on March 11, 2021 provides temporary updates to Dependent Care Assistance Plan...
Read more
American Rescue Plan Act of 2021 Funding Relief for Single-Employer Pension Plans
ARPA 2021 provides funding relief for single-employer pension plans, related to interest rates used for minimum funding purposes.
Mar 17, 2021
Among many provisions in the American Rescue Plan Act (ARPA 2021) signed into law last week by President Biden, this legislation offers funding relief for single-employer defined benefit pension plans. ARPA...
Read more
Tracking Down Your Missing Participants
IRS and DOL have increased efforts to ensure former employees receive proper notification about defined benefit eligibility and commencement.
Jan 25, 2021
Over the past several years, both the IRS and DOL have increased enforcement efforts to ensure former employees who are vested in benefits under one or more employer defined benefit plans...
Read moreThe Setting Every Community Up for Retirement Enhancement Act (SECURE Act) signed into law on December 20, 2019 contains a provision that gives businesses extra time to establish certain new tax-qualified...
Read more
Consolidated Appropriations Act 2021 Impact on FSA Plans
The Consolidated Appropriations Act 2021 was signed to provide relief for health and dependent care flexible spending accounts (FSAs).
Jan 07, 2021
On December 27, 2020, the Consolidated Appropriations Act, 2021 was signed into law to provide relief for health and dependent care flexible spending accounts (FSAs). Under this law, employers may choose...
Read more
Could A New IRA program Boost Retirement Savings?
Save more for retirement (in an IRA) without affecting your paycheck? Income you earn from cash-back rewards paves a new way for a retirement savings solution.
Oct 26, 2020
Are you on target to meet your retirement savings goals? If so, congratulations! If you’re a business owner or Human Resources professional, how effectively are your employees saving for retirement? Statistically...
Read more
Budgeting Now for 2021 to Ease Plan Concerns
Sep 28, 2020
It may be that we are starting to notice dusk arriving earlier in Central New York or that we are just hoping to wrap up 2020 and start anew, but here...
Read more
Preparing For Effective Video Conferencing
Jul 01, 2020
In recent months, we’ve been using video conferencing for work, school, club meetings, family gatherings, and more. And, it’s probably here to stay– it’s convenient for participants and cost-efficient for plan...
Read more
Who would have guessed that in 2020 the new buzzword would be social-distancing and COVID-19 would drastically alter the sales landscape we live in? The reality is that sales professionals have been...
Read more