Join us for our monthly webinar on Tuesday, August 14, 2018 at 2:00 p.m. ET / 11:00 a.m. PT Register here. This webinar will provide an overview of the U.S. Department of Labor’s association health plans final rule and explain how small employers and certain self-employed individuals may join an association health plan (AHP). The webinar […]
Read moreRecent Insights
Compliance Recap – June 2018
For a printable version of this blog, please click here, then click on “June 2018 Compliance Recap – Print). June was a relatively quiet month in the employee benefits world. The U.S. Department of Labor issued final regulations regarding association health plans. The U.S. Department of Justice filed a response in ongoing litigation regarding the […]
Read moreHappy Independence Day!
In observance of Independence Day, the Bim Group’s office will be closing at 3PM EST on Tuesday, July 3rd, and will be closed on Wednesday, July 4th. We apologize for any inconvenience this may cause. Our office will reopen on Thursday, July 5th at 8:30 AM EST. Thank you and many blessings to you […]
Read moreOverheard at SHRM: Top 10 Takeaways from the Annual SHRM Conference
Bulletproofing Your Company from Harassment Risk Addressing Workplace Bias Fur Family Benefits The Power of Branding Regulations and Compliance Read More Here… https://www.benefitnews.com/slideshow/overheard-at-shrm-top-10-things-from-the-annual-show#slide-1
Read morePCORI Fee due by July 31st
As a reminder, the ACA developed the Patient-Centered Outcomes Research Institute (PCORI), whose mandate is to improve the quality and relevance of evidence available to help patients, clinicians, caregivers, employers, insurers, and policy makers make informed health decisions. In order to fund the comparative effectiveness research, the ACA imposes an annual fee, which is paid […]
Read moreMemorial Day
In remembrance of the sacrifices made by those who lost their lives in the service of our country and to thank those who are currently serving our country, including their families, Bim Group will be closing at 3pm on Friday, May 25th and will reopen on Tuesday, May 29th.
Read moreWebinar 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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