The IRS has announced the new retirement plan numbers for 2022. Retirement limits for 401(k) and similar plans are up. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased to $20,500, up from $19,500. IRA limits have changed for certain savers. If during the … Read more
According to a report by the International Foundation of Employee Benefit Plans, just 19 percent of employers say their employees had a “high level of understanding of their benefits.” The report cites three main reasons for this: Employees don’t open or read the materials. Employees don’t understand the materials. Employees don’t see the value in … Read more
Many businesses are struggling with a worker shortage. It is happening across the board: staff shortages at our doctors’ offices, at child care centers and at the restaurants we frequent. Businesses, their employees and their customers and clients all are unhappy and trying hard to find solutions. Here are seven things businesses can focus on … Read more
Employer coverage – Is your business covered by the Family and Medical Leave Act (FMLA)? You must adhere to the FMLA if you employ at least 50 employees in 20 or more workweeks in the current or prior calendar year. The employees must also meet certain eligibility rules. Notice requirements – Is the FMLA poster … Read more
