Extracting the PEO Relationship
When an employer elects to leave the PEO relationship, they will notice changes in the way they process many items. Many of these changes will revolve around the firm becoming an employer of record once again. In the Co-Employment relationship, the PEO is the “employer of record” and the “administrative employer”, even though the firm […]
2021 IRS Pension Limits For Contributors
Two annual limits for contributors A limit on employee elective salary deferrals. Salary deferrals are contributions an employee makes, in lieu of salary, to certain retirement plans: 401(k) plans 403(b) plans SARSEP IRA plans (Salary Reduction Simplified Employee Pension Plans) SIMPLE IRA plans (Savings Incentive Match Plans for Employees) An overall limit on contributions to […]
IVF Coverage Law starts January 2020 in NY
The New York Assembly passed a law compelling large group plans (more than 100) to offer In Vitro Fertilization (IVF). The IVF coverage law provides that large group plans offer 3 rounds of IVF. Additionally, the law mandates fertility preservation services for all plans, such as egg or sperm freezing, for members whose medical treatment […]
