2021: New IRS dollar limits for 401(k)s, HSAs, FSAs, HRAs
2021 dollar limits on health savings accounts and retirement accounts
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The group formerly known as the American Association of Retired Persons is being sued by an ex-employee. The charge: age discrimination.
Employee benefits are a core function of human resources, and for good reason: A comprehensive employee benefits package can help keep current employees happy, and competitive perks can attract and retain top talent amidst a tight labor market. But employee benefits are a complicated, messy space that can seem daunting: Between staying legally compliant and…
A worker is fired for emailing porn via his company email address. Then he sues, claiming he was really let go so the firm wouldn’t have to pay for his retirement benefits. Read the dramatized version of this real-life case and see if you can determine the outcome.
Remember that thing about equal pay for equal work? It also applies to severance packages, according to a recent federal court ruling.
Business is looking up and firms are looking to increase benefits offerings. In fact, over 90% of businesses plan to increase at least one benefit next year. Small- to medium-sized firms are increasing their focus on “key employee well-being initiatives.” They’re finding these benefits help them cope with pandemic fluctuations and make them more competitive….
SECURE Act changes affect part6-timers, new parents, more.
The differences between the employee retirement benefits offered by large companies and those offered by small and mid-size companies are shrinking rapidly.
Everyone knew that the recession would hurt a lot of workers’ abilities to retire when they wanted to. But the latest figures show just how badly people have been affected.
On January 12, the IRS released new guidance for plan sponsors implementing Pension-Linked Emergency Savings Accounts (PLESAs) authorized by SECURE 2.0. PLESAs – which are short-term saving accounts designed to help non-highly compensated employees save for financial emergencies – were authorized under Section 127 of the Setting Every Community Up for Retirement Enhancement (SECURE) Act…
If changes to a retirement plan benefit – or hurt – one group of employees more than another, it could trigger a discrimination lawsuit.
Talk about adding insult to injury: Retirement plans took a beating last year, and now plan providers are increasing management fees.
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