Many businesses offer a retirement plan as part of their employee benefits package. In fact, many states are beginning to set up state run retirement programs to allow employees that do not have access to a retirement vehicle the chance to begin investing in their future. While there is no
A key way to attract and retain employees is by offering a strong benefits package. One type of benefit that small businesses could consider is a Section 125 plan. Let’s take a look at what this plan is. What is a Section 125 plan? According to the IRS, a Section
In 2022, employees of businesses that offer retirement plans are eligible to increase their retirement account contributions per the Internal Revenue Service. Every year, the IRS reviews and makes any necessary changes to the contribution limits for retirement plans. These changes are based on the cost-of-living adjustments from the IRS.
In 2022, participants of health savings accounts (HSA) and flexible spending accounts (FSA) are eligible to increase their contributions per the Internal Revenue Service. Every year, the IRS reviews and makes any necessary changes to the contribution limits for these types of plans. These changes are based on the cost-of-living