If your company has been thinking about creating a leave donation program to help the victims of Russia's invasion of Ukraine, the IRS has just approved it. In Notice 2022-28, the IRS issued guidelines for employers wishing to adopt a…
Benefits
Just like many of your peers, Goldman Sachs felt like it had to do something big to retain top Finance talent. In its case, it was offering unlimited PTO for senior employees, and adding two days off each year for…
Your staff members who have caregiver obligations to a family member, or someone with a disability, technically aren’t a protected class under federal law. However, a technical assistance document issued by the U.S. Equal Employment Opportunity Commission (EEOC), “The COVID-19…
Surging inflation is impacting the benefits you may offer employees in 2023, including health savings accounts (HSAs). In Rev. Procedure 2022-24, IRS adjusted next year's thresholds for HSAs and high-deductible health plans (HDHPs). And because the updated amounts are so…
Fringe benefits can be tricky when tax time comes around. Keeping complete records helps you avoid legal hassles. Here's a recent case where an employer's excellent recordkeeping and reporting kept it out of trouble with the Service. After United Airlines…
Inflation hasn't been this high in decades, and you may be wondering how it'll affect company benefit costs. You're not alone. In a recent Mercer survey, most CFOs (68%) said controlling employee health benefit costs is a significant/very significant concern.…
There’s a factor you might not be considering that’s impacting more than 85% of your people’s productivity and hurting your bottom line right now. It’s employees’ worries about their own personal finances. Over half of employees surveyed by SoFi at…
IRS has released proposed regs on the Setting Every Community Up for Retirement Enhancement (SECURE) Act. If your company offers a defined contribution plan as an employee benefit, the regs contain important info for you. The regs go into detail…
While providing comprehensive employee benefits may be expensive, it’s well worth the investment to stay competitive with your peers and retain your best people. Other companies are offering employees a host of benefits. And they’re using them at significant rates.…
Your team has just received more than an extra month to get one critical year-end return into employees’ hands. IRS just announced proposed regulations to grant an automatic extension for employee copies of Forms 1095-B and 1095-C. Those forms would…
Good news: Your company can rehire retirees without worrying that will compromise compliance for your retirement plan. So says IRS in a new FAQ it recently posted on its website. And that's the case even if those people have started…
No matter what choices employees make during open enrollment, one thing’s for sure: Your team has their work cut out for them before the first payroll of 2022. Take a moment now to make sure you’re up to speed on…
