Archive: Benefits

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Dollar Limits on Compensation and Benefits Announced

The Internal Revenue Service has announced the 2020 cost-of-living adjustments for various limits affecting employee benefit plans. The more common limits for 2020 and how these numbers compare to 2019 is shown below: 2020 2019 401(k) & 403(b) Elective Deferrals $19,500 $19,000 Catch-Up Contribution for participants age 50 and over $6,500 $6,000 Defined Contribution Plans-IRC […]
November 6, 2019

Stress Less about the CPA

As an accounting student, the three most intimidating letters are: CPA. The process of becoming a CPA is long and can put a great deal of stress on the candidate. However, Aronson is here to help! Below are some useful offers that Aronson provides to help ease the stress. Study Materials Knowing exactly where to […]
July 31, 2019

IRS Announces Dollar Limits on Compensation and Benefits

On November 1, the Internal Revenue Service (IRS) announced the 2019 cost-of-living adjustments to various limits affecting employee benefit plans, with very little change. The more common limits are detailed below for 2018 and 2019. 2019 2018 401(k) & 403(b) Elective Deferrals $19,000 $18,500 Catch-Up Contribution for participants age 50 and over $6,000 $6,000 Defined […]
November 2, 2018

Compensation & Benefits Trends

Developing compensation and benefits arrangements to meet the needs of all employees can keep human resources professionals up at night. Competitive, unique packages are very important to employees. Employers spend a lot of time and resources trying to meet these requirements. Download our “Compensation & Benefits Trends“ infographic to see which benefits your peers are […]
August 9, 2018

Have Service Contract Act Work? What to Expect in Future Wage Determinations

Service Contract Act (SCA) wage determinations (WD) contain several new changes that will make a difficult topic even more complex. These changes, highlighted below, will impact your contract and require action: Changes to WD geographic regions Increased health and welfare (HW) amount NEW HW amount for sick leave requirement NEW Hawaii HW amount and Hawaii […]
October 19, 2017

Service Contract Act Compliance in Real Business Government Contractor Environments Webinar Follow-Up: Questions? Aronson Answers

As a follow-up to Aronson’s webinar on Service Contract Act Compliance in Real Business Government Contractor Environments, we provided answers to several attendee questions below. If a Contracting Officer (CO) attaches a Wage Determination (WD) that does not have the current health and welfare (HW) rate of $4.27 (i.e. $4.02), is the contractor required to […]
March 21, 2017

Significant Changes Proposed for Employer Sponsored Benefit Plan Form 5500

The Internal Revenue Service “IRS”, the Department of Labor “DOL” and the Pension Benefit Guaranty Corporation “PBGC” (the agencies) recently proposed significant changes to the Form 5500 requirements for employer sponsored benefit plans. If approved, the changes would be the most significant since implementing the EFAST2 electronic filing system in 2009. As such, the filing […]
August 22, 2016

Significant Changes to Form 5500 Proposed

The Internal Revenue Service “IRS”, the Department of Labor “DOL” and the Pension Benefit Guaranty Corporation “PBGC” (the agencies) recently proposed significant changes to the Form 5500 requirements for employer sponsored benefit plans. If approved, the changes would be the most significant since implementing the EFAST2 electronic filing system in 2009. As such, the filing […]
August 8, 2016

Significant Changes to Form 5500 Proposed

The Internal Revenue Service “IRS”, the Department of Labor “DOL” and the Pension Benefit Guaranty Corporation “PBGC” (the agencies) recently proposed significant changes to the Form 5500 requirements for employer sponsored benefit plans. If approved, the changes would be the most significant since implementing the EFAST2 electronic filing system in 2009. As such, the filing […]
August 8, 2016

Service Contract Act and the Impact of New Executive Orders Webinar Follow-Up: Questions? Aronson Answers

As a follow-up to Aronson’s webinar on the Service Contract Act and the Impact of New Executive Orders, we provided answers to several attendee questions below. Where can I learn more about SCA? The Professional Services Council (PSC), in conjunction with the Department of Labor Wage & Hour Division, is holding an extensive, two-day Service […]
October 24, 2014