In This Issue

HR - FSA BENEFITS

FSA Contribution / Benefit Limits Increasing

HOLIDAY OFFICE PARTY

6 Steps for a Sublime Seasonal Shindig

RETIREMENT

DOL Proposes New Electronic Delivery of Retirement Plan Disclosures

LABOR POSTERS

2020 Labor Posters Are Here

HR - BENEFITS

How To Conduct 1-on-1 Benefits Meetings

December, 2019

FSA Contribution and Other Benefits

Limits Rise for 2020

 

The IRS announced an increase to flexible spending account (FSA) contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from the previous year.

Since this announcement came so late in the year, some employers may not use the updated figures in their benefits limits—as doing so would require an addendum.

In fact, some employers have been known to use limits from the previous year because they cannot wait until this far into the enrollment season to release benefits materials. With that in mind, it wouldn’t be surprising if employers use the 2019 limits for their FSA plans in 2020.

In addition to the FSA contribution limits, the IRS announced increases for transportation benefits and adoption services. Qualified transportation benefit limits (for parking or transit passes) increased to $270 for 2020. Maximum employer subsidies for qualified adoption expenses rose to $14,300, up $220. Other adoption-related limits increased as well.

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2019 Newsletters

 

6 Steps for a Sublime Seasonal Shindig

KEY

POINTS

  • Set a Budget

  • Think About Activities

  • Outline the Basics

  • Set Expectations

  • Get a Team

  • Raise the Hype

Planning a holiday party can be a logistical nightmare, especially when you don’t know where to begin. Luckily, we have a few steps to make it easier.

Set a Budget

A good party doesn’t need to cost more—a buffet can delight as much as a five-course meal. Consider how you want to spend your money (e.g., DJs, food, fancy venue or decor).

Outline the Basics

You’ll need to determine the theme, venue, time and a rough estimate of guests before you can do anything else.

Get a Team

Together Instead of doing it all yourself, consider forming a party planning team to help with logistics, like booking a venue.

Think About Activities

What will people do at your party? Will they eat, dance, exchange gifts, receive awards, play games or something different? Think about what your employees will enjoy the most.

Set Expectations

Prior to the event, communicate appropriate conduct and dress codes. If there will be alcohol, define limits and appropriate etiquette.

Raise the Hype

Ensure employees are excited for the party by hyping it up at work. Keep it top of mind in internal communications by mentioning it frequently as the date approaches.

If you do it right, you’ll have a party that employees won’t stop talking about for months!

 

DOL Proposes New Method for Electronic Delivery of Retirement Plan Disclosures

The U.S. Department of Labor (DOL) published a proposed rule in October that would allow plan administrators to make retirement plan disclosures available on a website.

If the proposal is adopted, plan administrators may continue to use the existing safe harbor for electronic delivery, or to furnish paper documents by hand-delivery or mail.

The proposal would provide a new, optional method where plan administrators who satisfy specified conditions may furnish documents electronically, unless participants affirmatively opt out. 

2020 Labor Posters Are Here

 

Michigan's minimum wage is increasing from $9.45 to $9.65 which means that our Michigan State and Federal Labor Posters must be updated to remain in compliance with the Department Of Labor's poster requirement law.

If you aren't already on IPP's automatic poster replacement program, contact us to get your update before January 1, 2020.

How to Conduct 1-on-1 Benefits Meetings 

 

Employee benefits programs are a big part of attracting and retaining top talent. You’ve likely worked hard to develop a competitive benefits package, but you may be undermining your hard work by not communicating effectively. Learn some tips for holding 1-on-1 benefits meetings in the video below. 

BenefitMeeting03.jpg

Simplified Business Management Solutions

You know and love your business but does the management and administration take your time and focus away from it?  IPP is Business Management - Simplified.

 

Let's design a service package that fits your business needs so you can get back all of the time spent on the administrative functions so you can take care of business.

So, how much time will I save? 

This can be answered easily by answering the following question first:  How much time do you currently spend on:

  • Recruiting

  • Hiring

  • Onboarding

  • Employee Schedules

  • Calculating Time Cards

  • Processing Payroll

  • Signing Payroll Checks

  • Distributing Payroll Checks

  • Journal Entries and Bookkeeping

IPP's experience, knowledge and technology can automate many processes for you and cut the time it takes to do these tasks a minimum of 50%.

HR & Compliance

Keeping your business in compliance with labor laws, tax laws, regulations and more is necessary to avoid costly fines and headaches.  Keeping track of the ever-changing laws and regulations can be very time consuming.  Let IPP handle this for you and have the peace of mind knowing that you are protected and up-to-date - without spending any time on it at all.

Contact IPP to discuss the time that you could save at 313-457-1700.

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