Did you know your Flexible Spending Accounts (FSAs and DCAs) need Discrimination Testing?
Flexible Spending Accounts (FSAs) and Dependent Care Accounts are valuable employee benefits offered by many employers to assist workers with managing healthcare and dependent care expenses. However, to ensure these accounts comply with regulations and aren’t unfairly advantageous to higher-paid employees, discrimination testing is mandated by the Internal Revenue Service (IRS). Purpose of Discrimination Testing […]
Social Security 2024 Raise Is 3.2% Enough to Stay Afloat
Will the 3.2% increment in Social Security benefits for 2024 suffice to ensure your financial well-being? While many Social Security beneficiaries are breathing a sigh of relief with this adjustment, amounting to an average monthly increase of over $50, it’s imperative to scrutinize the enduring challenges that the Social Security program grapples with as projected […]
What Happens to My Benefits if I Resign or Am Terminated?
If you find yourself at the crossroads of contemplating resignation or facing an impending termination, your foremost concern might be the fate of your hard-earned benefits. Allow us to delve into the intricacies of this matter, shedding light on the potential scenarios that lie ahead. We’ve got you covered, from the intricacies of health insurance […]
