Archive for the ‘Benefits’ Category

State-Run Retirement Savings Plan OK’d, Mandatory Enrollment Coming in 2020

California employers that don’t already offer a workplace retirement savings vehicle will be required to either begin offering one via private market or provide their employees access to CalSavers, a state-run retirement savings plan, as early as June 2020. The CalSavers pilot program is open for employers to enroll; however, mandatory enrollment and contributions don’t […]

6 Dec 18 - Benefits - HRWatchdog - No CommentsRead More »

IRS Reminds Eligible Employees to Plan Now for Health FSAs in 2019

The Internal Revenue Service is reminding eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2019. FSAs allow employees to use tax-free dollars to pay medical expenses not covered by other health plans. Eligible employees need to decide how much to […]

19 Nov 18 - Benefits - HRWatchdog - No CommentsRead More »

U.S. DOL: 1,416 Employees to Receive More than $3.5 million from Long Beach Company

A recent U.S. Department of Labor (DOL) investigation recovered $3,573,074 in back wages and benefits for 1,416 employees of a Long Beach-based trucking and warehouse company. The DOL’s Wage and Hour Division (WHD) investigators found the company violated federal contract provisions of the McNamara-O’Hara Service Contract Act (SCA). Investigators discovered the company failed to pay […]

8 Oct 18 - Benefits, Labor Relations, Overtime - Vannessa Maravilla - No CommentsRead More »

HSA Limits Change … Again

As previously reported, in May 2017, the Internal Revenue Service (IRS) announced the following annual limits for Health Savings Account (HSA) contributions for 2018: $3,450 for individuals with self-only coverage; and $6,900 for family coverage. Then, on March 5, 2018, the IRS announced that it was reducing the annual limit for HSA contributions for family […]

9 May 18 - Benefits - Erika Pickles - No CommentsRead More »

HSA Limits Changed

Health Savings Accounts (HSAs) are pre-tax accounts available to individuals covered under a high-deductible health plan. Eligible individuals can accumulate money, tax-free, in HSAs to pay for qualified medical expenses in the face of rising health insurance costs. The annual limits for HSA contributions are indexed for inflation and released annually by June 1 for […]

16 Mar 18 - Benefits - Erika Pickles - No CommentsRead More »