Final Rule: Employee or Independent Contractor Classification Under the FLSA On Jan. 9, 2024, the U.S. Department of Labor (DOL) announced a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee…
Qualified Transportation Fringe Benefit Limits to Increase in 2024 The 2024 monthly limit for transportation in a commuter highway vehicle and transit pass (combined) is $315. The 2024 monthly limit for qualified parking is $315. These amounts represent a $15…
On Nov. 9, 2023, the IRS announced the inflation-adjusted limit for 2024 on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2024, the adjusted dollar limit on employees’ pre-tax contributions to health FSAs…
COVID-19 Claims Run Out Extension for FSA and HRA Plans REMINDER: National Emergency brought about by the COVID-19 pandemic Run Out Extension Deadline = 7/10/23. President Biden signed legislation ending the COVID-19 National Emergency on April 10, 2023. The IRS…
The Trendiest Benefits for 2023 Benefits have always been crucial for attracting and retaining top performers. For 2023, employers are uniquely positioned to offer more than just a health care plan, including holistic benefits, resources, and perks that today's workers…
Employee Benefit Plan Limits for 2023 Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered employee benefits are subject to these limits: High deductible health plans…
HRPro Presents: Communicate Effectively and Become a Thought Leader * October Leadership Enrichment Group Meeting for Troy Chamber of Commerce * A good communicator is unstoppable in today's corporate environment. Unfortunately, too many employees that want to advance in their…
Podcast: Adopt Your Work Environments in 2022 The MISHRM Resource Partner Podcast is all about spotlighting the Resource Partner organizations that go above and beyond to serve your company's HR needs. RP Podcast Episode 10: Kris Powell, President/CEO of HRPro…
HSA Limits for 2023 On April 29, 2022 the IRS announced 2023 Health Savings Account contribution limits and the 2023 Excepted Benefit HRA benefit maximum within their release of Revenue Procedure 2022-24. Changes are as follows: For updated contribution amounts, visit…
It is National Employee Benefits Day and we are excited to celebrate! Offering attractive and affordable benefit options is a crucial strategic step for your business to hire and keep your employees happy! Demands for benefits are changing fast and…
