NOT FOR REPRINT
Page Printed from: benefitspro.com/author/profile/natalie-miller
Sign In To follow
The IRS announcements include a number of dollar amounts employers will need to know in order to administer their benefit plans for 2024, including the key dollar amounts for retirement plans, FSAs, HSAs and HDHPs.
Due to inflation, some of the new numbers are substantially higher than their 2022 counterparts.
The program gives employers an additional chance to identify operational errors and self-correct them after the plan has been targeted for audit.
Key contribution limits employers need to know to administer their benefit plans for 2022.
Here are provisions with current or upcoming effective dates, plus next steps for group health plan sponsors.
ARPA requires plan sponsors and administrators to provide a "Notice of Expiration of Premium Assistance" to Assistance Eligible Individuals.
What employers and group health plans need to know.