Most years, the only thing we have to worry about when it comes to retirement plan administration is adjusting for the cost-of-living increase to contribution limits. Some years we don’t even have that, but this year is an exception with that, plus major changes you will need to make and consider. So first, the easy stuff. The cost-of-living increase, to the maximum amount an individual can contribute to their 401(k), 403(b), governmental 457 and the Thrift Savings plans, will be increased to $23,500, up from $23,000 in 2024. The catch-up contribution will remain at $7,500 and the limit on annual…
Posts published in November 2024
In this edition:
PayMaster Double Feature Webinar
FUTA Tax Reduction States Announced
State Minimum Wage Increases 2024
California Expands Paid Sick Leave in 2024
Holiday Closings
New 401k Plan Tax Credits Available
In this edition:
WOTC - A Little know tax credit with big potential
Bank Holidays
EEO-1 Report
PayMaster partners with Payro
Employers Must Use New Form I-9 by November 1st
PayMaster Payroll Times - October 2023
In this edition:
Important Notice for Florida Employers
HR Professionals on Call
IRS Halts Processing of New ERC Claims
National Cookie Month
UPS and FedEx Implement Holiday Rate Increase
Rate Increase Announced
PayMaster Payroll Times - August 2023
In this edition:
New USCIS Form I-9
Are paychecks being mailed to your employees?
Fun Days in August
Waiting to be Engaged? or Engaged to Work?
New Federal rules are impacting employers. Check out this webinar replay for compliance strategies.
HR.....Who Cares?
Watch this webinar replay to learn more about our HR consulting and more.