ComplianceMnthlyRecap MH 5.16.22

DOL’s Annually Adjusted Federal Penalties

Posted by: Karen Hsu    Feb 28, 2019 2:47:52 PM

shutterstock_434519134DOL’s Annually Adjusted Federal Penalties

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Topics: Adjustments, Department of Labor, inflation

IRS Releases 2019 Inflation-Adjusted Limits

Posted by: Karen Hsu    Jan 17, 2019 1:13:54 PM

shutterstock_555956236-1The Internal Revenue Service (IRS) released its inflation-adjusted limits for various benefits. For example, the maximum contribution limit to health flexible spending arrangements (FSAs) will be $2,700 in 2019. Also, the maximum reimbursement limit in 2019 for Qualified Small Employer Health Reimbursement Arrangements will be $5,150 for single coverage and $10,450 for family coverage.

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Topics: IRS, inflation