The IRS announced an increase to the maximum HSA contribution limits for the 2020 calendar year in Revenue Procedure 2019-25.The individual contribution limit has been raised from $3,500 to $3,550. The family contribution limit has been raise...
The number of instances whereby our clients are receiving notices for alleged non-compliance with the ACA’s Employer Shared Responsibility (ESR or “pay or play”) mandate is on the rise. The most common notice being received is IRS Letter 226-...
According to a 2018 study by Radford Aon, life sciences companies see an average voluntary turnover rate of 11.5% in the United States. While this number might not ring any alarm bells, the effect it has on a company's bottom line surely will.&n...
It may be time to sharpen your pencils (again)!
The Department of Labor (DOL) has proposed an increase to the salary threshold for overtime eligibility from $23,660 per year to $35,308 per year. In turn, the proposal would expand overtime el...
If you are an employer who employs at least 20 people in the state of New Jersey, you are now required to offer pre-tax commuter benefits to your employees. NJ is the first state to pass such an ordinance. Though the ordinance is effective immediatel...
In late January, the state of New Jersey posted new information about its individual health insurance mandate that went into effect on January 1 of this year. Of interest to most impacted employers are the tactics and mechanics associated with how ...
