2020 Employee Benefit Plan Limits

Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS, including the following: High deductible health plans (HDHPs) and health savings accounts (HSAs) Health flexible spending accounts (FSAs) 401(k) plans, and Transportation fringe benefit plans. For 2020, there will be an increased limit in HSA contributions for…
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NY State Paid Family Leave Updates for 2020

On Friday, August 30, the New York State Department of Financial Services announced an updated employee contribution rate for NY Paid Family Leave benefits effective January 1, 2020. With a rate increase from 0.153% to 0.270% and an increase of the NY State Average Weekly Wage from $1,357.11 to $1,401.17, the new maximum employee annual…
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