Employee Benefit Guidance & Compliance Solutions

Posts Tagged "December newsletter"

December 2019 Newsletter

By on Dec 1, 2019 in Newsletters | 0 comments

Dear Valued Clients and Associates, Happy Holidays!! This November and December have been a couple of the busiest, most exciting months of my career. With multiple new plans implemented for 2020 and so many wonderful opportunities to volunteer, meet new people and help so many organizations, I’ll be headed home to Maine for a couple days at Christmas with a heart full of gratitude. If you’d like to learn how we can help you reach your benefit and compliance goals, let’s chat! Give me a call today 732-258-1032. Here is your December 2019 Newsletter with a combination of HR and Health related news. I hope you enjoy! From all of us at PF Compass – We wish you a wonderful Holiday Season!     Getting Ready for Winter – Developing Your Inclement Weather Policy By Maggie Johnson, HR Consultant Winter will soon be here with all of the snowstorms, blizzards, and freezing weather that come with the season. Keeping a business running effectively during harsh weather can be challenging, but having an inclement weather policy can provide guidelines to employees about when they are expected to report to work and how they will be paid when stormy weather hits. Here are some things to consider when creating your inclement weather policy Read More Here     FSA Contribution and Other Benefits Limits Rise for 2020 The IRS announced an increase to flexible spending account (FSA) contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from the previous year. Since this announcement came so late in the year, some employers may not use the updated figures in their benefits limits—as doing so would require an addendum. In fact, some employers have been known to use limits from the previous year because they cannot wait until this far into the enrollment season to release benefits materials. With that in mind, it wouldn’t be surprising if employers use the 2019 limits for their FSA plans in 2020. In addition to the FSA contribution limits, the IRS announced increases for transportation benefits and adoption services. Qualified transportation benefit limits (for parking or transit passes) increased to $270 for 2020. Maximum employer subsidies for qualified adoption expenses rose...

Read More

Pin It on Pinterest