SSG Insights for the Week of December 10th
2022 Annual Benefit Plan Limits & Thresholds
Many employee benefits are subject to annual dollar limits that are periodically updated for inflation.
The IRS typically announces the dollar limits that will apply for the next calendar year well before the beginning of that year. This 2022 Annual Benefit Plan Limits & Thresholds comparison chart gives employers time to update their plan designs and ensure that their plan administration will be consistent with the new limits. Although most of the limits will increase for 2022, some of the limits remain the same.
Why is it so Hard to Find Workers Right Now?
Employers across the country are facing a pronounced issue right now: too many open positions and not enough workers.
This SSG Insight explores the current labor market, offering potential reasons why individuals have been slow to return to work despite available positions and suggesting ways for employers to attract some of these workers.
November 2021 | Compliance Recap
November saw quite a bit of activity in the compliance space. Although OSHA’s vaccine-or-test mandate for private employers was issued, it was immediately met with resistance in the form of lawsuits and a stay from the Sixth Circuit Court of Appeals. The mandates for federal contractors and health care workers are also facing court challenges in several states. For now, it’s a waiting game to see how the mandates play out in the court system.
While we wait for more news to come, here are the highlights of what happened in November.
- Federal Marketplace Open Enrollment Started November 1
- IRS Issued Cost-of-Living Adjustments for 2022
- Health and Human Services Announces 2021 Adjustments to Civil Monetary Penalties
- CMS Posted Petition Process for Certification of Independent Dispute Resolution Entities
- IRS Released Proposed Regulations with ACA Reporting Relief
CONTINUE READING the full Compliance Advisor to learn more.
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