Employee Benefit Plans

The IRS recently announced 2026 amounts for Health Savings Accounts

Magnifying,lens,with,text,hsa,with,medical,tools,pills
May 27, 2025
H&B
0
The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their HSAs next year. HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can […]
#EmployeeBenefits, #HealthSavingsAccount, #HSA2026, #TaxCompliance
Find Out More
Employee Retention

An education plan can pay off for your employees — and your business

Two,happy,friendly,diverse,professionals,,teacher,and,student,giving,high
April 28, 2025
H&B
0
Your business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored plans are called Section 127 plans after the tax code section that allows them. Plan basics Sec. 127 plans can cover the cost of almost anything that constitutes education, including […]
#EducationalAssistance, #EmployeeBenefits, #Section127Plan
Find Out More
Human Resources

EBHRAs: A flexible health benefits choice for businesses

Top,view,of,clock,,money,banknote,,stethoscope,and,notebook,written
April 25, 2025
H&B
0
Today’s companies have several kinds of tax-advantaged accounts or arrangements they can sponsor to help employees pay eligible medical expenses. One of them is a Health Reimbursement Arrangement (HRA). Under an HRA, your business sets up and wholly funds a plan that reimburses participants for qualified medical expenses of your choosing. (To be clear, employees can’t […]
#EmployeeBenefits, #HealthBenefits, #HRAExplained
Find Out More
Tax Planning

Riding the tax break train: Maximizing employee transportation fringe benefits

A woman, standing, on a subway, holding a pole, wearing a white shirt, looking confident, passengers in the background.
March 12, 2025
H&B
0
There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Here’s a quick summary of the current federal tax treatment of transportation-related benefits. Mass transit passes For 2025, employer-provided mass transit passes for train, subway and bus […]
#CommuterBenefits, #EmployeeBenefits, #FringeBenefits, #TaxPlanning
Find Out More
Retirement Planning

Are your employees suffering from retirement plan leakage?

Businessman,sitting,on,a,leaky,piggy,bank
February 21, 2025
H&B
0
Today’s small to midsize businesses are often urged to help employees improve their financial wellness. And for good reason: Financially struggling workers tend to have higher stress and anxiety levels. They may be less productive and more prone to errors. Some might even decide to commit fraud. One hallmark of an employee facing serious financial […]
#401kPlans, #EmployeeBenefits, #FinancialWellness, #RetirementPlanning
Find Out More