Entries by Adrienne Engel

IRS Announces Employee Benefit Plan Limits for 2019

Highlights The IRS recently announced cost-of-living adjustments to the annual dollar limits for employee benefit plans. Many of these limits will increase for 2019. In 2019, employees may contribute more money to their HSAs, health FSAs and 401(k) accounts. Overview Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. […]

HSAs & FSAs: Eligibility and Contribution Limits

Introduction HSAs (Health Savings Accounts) and FSAs (Flexible Spending Accounts): Are both accounts designed to help employees put aside money to pay for extra medical expenses on a pre-tax basis, both have rules around maximum contributions and permissible distributions, and both have remarkably similar sounding acronyms. However, the similarities for the most part, stop here. […]

Brown & Brown, Inc. Completes Acquisition of Hays Companies

November 16, 2018 – (Daytona Beach) . . . Brown & Brown, Inc. (NYSE:BRO) today announced the completion of the previously-announced acquisition of Hays Companies (“Hays”) by Brown & Brown, Inc. Brown & Brown, Inc. is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. With Brown & Brown’s almost 80 […]

IRS/DOL Disaster Relief for Victims of California Wildfires

Yesterday, the IRS issued new guidance expanding tax deadline relief to taxpayers in California who were affected by wildfires, including an extension for filing Form 5500 for their employee benefit plans.  The following California counties are included in the disaster relief area: Butte, Los Angeles and Ventura.  Affected businesses with upcoming deadlines for filing 5500s […]

Abby Ferri Joins Hays Companies As Vice President

Hays Companies announced Abby Ferri has joined its Minneapolis operations as Vice President. She will be responsible for helping build the national construction practice through her experience and expertise in safety and risk management. “We are excited to have Abby join our growing construction division at Hays,” said Tim Boberg, President of Property and Casualty-Minneapolis. “She […]

Hays Companies Named “2018 Elite Agency”

Hays Companies is delighted to announce that we have been named a 2018 Elite Agency by Insurance Business America (IBA). This is the second consecutive year we have received the honor. The Elite Agency designation is awarded to the Top 35 brokerage firms across the country, who in 2017 achieved at least $25 million in […]

2018 W-2s and Your Employee Benefits

The January 31st W-2 deadline will be here before you know it, and there’s a lot your team needs to prepare between now and then. There are employee health and wellness benefits to keep in mind, much of which is outlined in the IRS’s 2018 General Instructions for Forms W-2 and W-3. Below are the […]

2019 Retirement Plan Contribution Limits

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for defined contribution and defined benefit plans for tax year 2019.  These items were detailed in Notice 2018-83. Highlights of Changes for 2019 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings […]