Category Archives: Employee Wellness

The Great Reconsideration: Looking Ahead to the Next Stage of the Labor Market

The labor market continues to be unpredictable and driven by new challenges. As such, economists have signaled that the labor market is moving into another phase. Previously, there have been trends labeled as the Great Resignation and the Great Reshuffle. … Continue reading

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PREVENT BURNOUT THROUGH MEANINGFUL CONNECTIONS

Burnout—known as a state of physical, emotional or mental exhaustion—has always been an issue within the workforce, but it has become more prevalent as a result of the COVID-19 pandemic. Now more than ever, people are increasingly anxious and stressed. … Continue reading

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Pay or Play Affordability Percentage Decreased for 2023

On Aug. 1, 2022, the IRS issued Revenue Procedure (Rev. Proc.) 2022-34 to index the contribution percentages in 2023 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2023, employer-sponsored … Continue reading

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Form 5500 Is Due by Aug. 1, 2022 for Calendar Year Plans

Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Forms 5500) for 2021 with the Department of Labor (DOL) by Aug. 1, 2022. An employer may extend this deadline by two and … Continue reading

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Combating Rising Benefits Costs During Periods of High Inflation

The U.S. inflation rate has increased by 8.3% over the last year, according to the Bureau of Labor Statistics (BLS). This has led to significant price increases across various consumer goods as well as employee benefits such as health insurance. … Continue reading

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MENTAL HEALTH MATTERS

Mental health—your mental and emotional well-being—can change over time due to factors like workload, stress and work-life balance. Below is a Infographic that can be sent or printed out to help spread awareness on the impacts our mind can have … Continue reading

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2023 HSA Contribution Limits, HDHP Deductible, and Out-of-Pocket Limits

In Rev. Proc. 2022-24, the IRS released the inflation adjusted amounts for 2023 relevant to Health Savings Accounts (HSAs) and high deductible health plans (HDHPs). The table below summarizes those adjustments and other applicable limits.   2023 2022 Change Annual … Continue reading

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How to Make Enticing Learning and Development Programs

Workplaces are currently facing a variety of challenges. One of the most pressing concerns is employee voluntary resignation; many entry-level, retail and hospitality workers are quitting in record numbers. However, this problem is affecting virtually every industry. Certain employers are … Continue reading

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