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IRS Releases 2021 Benefit Plan limit Cost-of-Living Adjustments

The Internal Revenue Service (IRS) has released IRS Notice 2020-79, announcing cost-of-living adjustments regarding the 2021 limits for retirement plans and IRS Rev. Proc. 2020-45, announcing cost-of-living adjustments regarding 2021 limits for health and welfare plans. The Social Security Administration (SSA) also announced an increase in the Social Security wage base for 2021 and an … Continued

IRS Announces Employee Benefit Plan Limits for 2019 | Michigan Benefit Consultants

Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2019. Although some of the limits will remain the same, many of the limits will increase for 2019.The … Continued

Higher Satisfaction Through Higher Education | MI Benefit Advisors

When evaluating employee benefits, essentials such as health and dental plans, vacation time and 401(k) contributions quickly come to mind. Another benefit employers should consider involves subsidizing learning as well as ambitions. Grants and reimbursements toward advanced degrees and continuing education can be a smart investment for both employers and employees. Educational benefits are strongly … Continued