IRS Adjusts 2018 HSA Contribution Limits for Family Coverage (Again)

Just when you thought you had your Health Savings Account (HSA) all figured out and under control—boom—the IRS has switched it up again. Less than two months ago, the IRS announced a reduction to the 2018 maximum allowable HSA payroll deduction, from $6,900 to $6,850. Feedback from employers, major stakeholders, and even individual taxpayers reflected … Read more

The 411 on 401(k) Plans

Employees care about their futures and retirement. A lot. So much so, in fact, that an employer’s retirement benefits package ranks second in importance after healthcare packages, according to the findings from a 2016 Strategic Benefits survey conducted by Society for Human Resource Management (SHRM). Employers of all sizes believe that offering a retirement plan … Read more

Your Guide to Pre-Tax Deduction Dollars

Calculating employee payroll can be a tricky business, especially when you add in pre-tax deductions, after-tax deductions and payroll taxes. It doesn’t have to be all that complicated, especially if you work with a payroll company (like Journey Employer Solutions) to ensure your employees’ payroll checks are accurate. What are pre-tax deductions? Simply put, subtract … Read more

The Employer’s Guide to Fringe Benefits

Today’s tight job market means that employers should consider stepping up their games to attract top talent. One way to entice employees and maintain the status quo with your existing crew is to offer fringe benefits; sweeten the pot, so to speak. It attracts high-quality hires, retains employees and rewards your team. Get back, Jojo … Read more