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Webinar Alert: What Employers Need to Know about Filing Form 5500
Join us for our monthly webinar on Tuesday, May 15, 2018 at 2:00 p.m. ET / 11:00 a.m. PT Register here. This webinar will provide an overview of the Employee Retirement Income Security Act (ERISA) Form 5500 requirements, including whether an employer/plan sponsor must file and what to do if an employer/plan sponsor fails to file. The […]
Read more$6,900 Re-Established as 2018 HSA Contribution Limit for Certain Individuals
The Internal Revenue Service (IRS) has re-established $6,900 as the 2018 health savings account (HSA) contribution limit for individuals with family coverage under a high deductible health plan (HDHP). This limit was previously announced as $6,900 in May 2017, but was revised to $6,850 in March 2018 due to an inflation adjustment provision in the Tax Cuts and Jobs […]
Read moreMarch 2018 Compliance Recap
March 2018 March was a quiet month in the employee benefits world. The Internal Revenue Service (IRS) released a bulletin that lowered the family contribution limit for health savings account (HSA) contributions. The U.S. Department of Labor (DOL) updated its model Premium Assistance Under Medicaid and the Children’s Health Insurance Program notice (CHIP notice). The […]
Read more2018 Annual Benefit Plan Amounts *Updated
If you would like a printable version of this guide, please email info@bimgroup.us and we will gladly forward one to you. Contribution & Benefit Limits 2017 Limit 2018 Limit Section 401(k), 403(b), or 457(b) annual deferral $18,000 $18,500 SIMPLE plan annual deferral $12,500 $12,500 Section 415 maximums Annual benefit from defined benefit plan $215,000 $220,000 Annual additions to […]
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