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Tag Archives: compensation

2020 Plan Limitations!

401(k)/403(b)/457 Salary Deferrals: For participants under age 50 by 12/31/2020 – $19,500 For participants over age 50 by 12/31/2020 – $26,000 Maximum Annual Defined Contribution Plan Limit: For participants under age 50 by 12/31/2020 – $57,000 For participants over age … Continue reading

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New Overtime Rule Raises Salary Cut-Off to $35,568

Employees who make less than $35,568 are now eligible for overtime pay under a final rule issued today by the U.S. Department of Labor (DOL). The new rate will take effect Jan. 1, 2020. To be exempt from overtime under … Continue reading

Posted in Insurance Agent, Sugar Land Insurance, Taxes, Workers Compensation Insurance | Tagged , , , , , , , | Comments Off on New Overtime Rule Raises Salary Cut-Off to $35,568
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