The IRS announced updated contribution limits for 401(k)s and other tax-advantaged accounts1 for 2020. These increases are more than just random numbers – they translate to significant opportunities for your employees to...
Read MoreYour one-stop review for 2020 retirement, health and commuter contribution limits
HSA, tax savings, retirement, 401(k), HSA contributions, FSA contribution limit, high deductible health plan
Preparing for retirement? An HSA can help
HSA, tax savings, retirement, HSA contributions, HSA benefits
Whether you are a baby boomer nearing retirement, a Generation X’er in the middle of your career or a millennial just starting out, you have at least one thing in common with your co-workers:
You need to prepare for retirement.
Read MoreMillions of Americans could benefit from newly introduced legislation: #MedicareHSA
HSA, tax savings, retirement, HSA contributions, HSA benefits, high deductible health plan, Medicare
A bi-partisan effort in Congress is underway that would allow Medicare recipients to open and contribute to a health savings account (HSA).
H.R.3796, the Health Savings for Seniors Act, would allow more than 57 million...
Read MoreHow HSAs can help your employees
HSA, Employers, tax savings, retirement, HSA contributions, HSA benefits, employees
An important part of any business is to attract and retain highly-skilled workers. Most employers provide benefits ranging from paid vacation time and tuition reimbursement to bonuses and raises.
And then there are health...
Read MoreHSAs and the U.S. healthcare system
HSA, retirement, 401(k), FSA questions, HSA benefits, CDHP, qualified medical expenses
In November 2018, Gallup released the results of a poll showing 79 percent of people were dissatisfied with the total cost of healthcare in the United States.
That same poll asked respondents to describe the U.S. healthcare...
Read More3 ways to maximize HSAs as a retirement account
HSA, tax savings, retirement, HSA contributions, HSA benefits
A health savings account (HSA) can be a great way to save for healthcare expenses in retirement. Employee Benefits Research Institute (EBRI) estimates that a couple in retirement will need $301,000 to have a 90% chance of...
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There is a phenomenon known as "status quo bias." When given the choice to do something and do nothing, it’s what causes people to do nothing. Status quo bias leads to people to not check the box, or not enroll in workplace...
Read MoreWhy employees leave and how to keep them using a health and wealth strategy
HSA, Employers, tax savings, retirement, 401(k), HSA contributions
Since the inception of the employer-employee relationship there has been employee turnover. Every employer knows that turnover is inevitable and have factored in the costs into the price of doing business.
One way to lengthen...
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Companies moving from a SIMPLE IRA to a 401(k) plan are usually seeking some additional flexibility and have outgrown their current SIMPLE plan. The questions arise: What is a SIMPLE retirement plan? And how is it different...
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Have you ever had to endure a 401(k) Audit? For most plan sponsors, they are not a pleasant experience. We're not referring to being audited by the DOL or IRS, we're referring to the annual audit attached to Form 5500 that is...
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