FSA 2022 Benefit Plan Limits and Thresholds
The IRS recently announced that the amount people can contribute to their 401(k) plans in 2022 has increased to $20,500, up from $19,500 for last year. The IRS also issued technical guidance regarding all of the cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2022 tax year in Notice […]
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 […]
