Employee 401(k) contributions for 2018 will top off at $18,500—a $500 increase from 2017—while the “all sources” maximum contribution (employer and employee combined) rises to $55,000, up $1,000, the IRS announced. HR and payroll managers should plan to adjust their systems for the new year and to inform employees about the new limits in year-end open enrollment materials.Tags: Benefits Compensation Equal Pay Pay
Janet L. Heins|Benefits and Taxation, Family and Medical Leave, Leave Management, News, Relationship Management, Benefits, Compensation, Equal Pay, Pay
When the IRS posted a set of frequently asked questions regarding the new employer tax credit for paid family...
Janet L. Heins|Communication, Compensation Communication, Minimum Wage, News, Overtime Pay, Benefits, Compensation, Equal Pay, Pay
Seasonal restaurant employees who alleged that they were victims of “time-shaving” policies that deprived them of minimum wage and...
Janet L. Heins|Benefits Communication, Communication, Defined Contribution Plans, News, Retirement and Financial Planning, Benefits, Compensation, Equal Pay, Pay
Erring on the high side when choosing a 401(k) savings default-contribution rate won’t likely discourage employees from participating in...
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