Offer A Benefit Packet Employees Value
Today’s workforce is changing rapidly. There are currently five generations in the workforce, mental health benefits are in demand, and employees want benefits that are unique to their own needs. Annually, organizations work closely with their benefits broker to find insurance plans and rates that are within the organization’s budget and cost-effective for employees. Slight […]
Benefit Limits for 2022
Each year, the IRS sets new limits for employee benefits plans and retirement plans. Please see below for Lake Effect’s ready reference chart setting forth the Benefits Limits for the 2022 tax year. A PDF of this information can be downloaded here. 2021 2022 Flexible Spending Accounts (FSAs) Healthcare FSA max election (per year) […]
Annual Benefit Notice Requirements
As employers prepare for their annual benefit renewal process, they should also note the compliance notices that must be provided to employees. Lake Effect has compiled a list of benefit related notices for employers to review. Some notices should be distributed to new hires during orientation, and some need to be distributed to current employees annually. […]
