Employee Benefit Plan Limits for 2021

Employee Benefit Plan Limits for 2021

Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS. The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and Transportation fringe benefit plans. The IRS typically announces …

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Scope of Employee Benefits Changing to Meet Demand of Competitive Employers

Scope of Employee Benefits Changing to Meet Demand of Competitive Employers

The employee benefit landscape is constantly evolving, and business owners must keep pace. No longer is the traditional offering of basic medical and ancillary products providing employers with the competitive edge. In the battle to attract, retain and engage employees, data driven long-term strategic plans provide win/win opportunities for both employers and employees alike. A …

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Jeff Chronister-Construction Industry Changes

Construction Industry Changes Require Dynamic Risk Management

Owning and operating a construction company in today’s world is remarkably challenging,” said Jeff Chronister, Accredited Advisor of Insurance (AAI) with Ollis/Akers/Arney. He cites aggressive competition, rapidly changing economic conditions, limited labor force and the evolving expectations of employees over the past few decades. “Owners have to wear multiple hats. Sometimes they have to be …

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Social Connectivity in the Time of COVID-19

Social Connectivity in the Time of COVID-19

As the pandemic continues, social distancing doesn’t need to mean social isolation. Consider the tips outlined in this video to maintain social connections or reconnect with your network. © 2020 Zywave, Inc. All rights reserved.

SBA Announces Simpler PPP Loan Forgiveness for Smaller Loans

SBA Announces Simpler PPP Loan Forgiveness for Smaller Loans

The Small Business Administration (SBA) and the U.S. Department of Treasury (Treasury) recently released a simpler Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S and instructions. This updated, simple two-page application is for borrowers of $50,000 or less, and is not for use by borrowers who received PPP loans totaling $2 million or more …

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