2019 Cost of Living Adjustments

The IRS just released inflation-adjusted items for 2019.  Below are the new amounts effective January 1, 2019. Flexible Spending Accounts Health FSA For  2019, the dollar limitation on employee salary reduction contributions to a Health Flexible Spending Account (Health FSA) will increase by $50 to $2700 per plan year. Adoption Assistance FSA The maximum amount … Continued

The Benefits of a 401k

Don’t Leave Money on the Table, Participate in Your 401k By James H. Cosgriff IV, CFP, CPA Over the last 30 years there has been a shift in employee retirement plans. The days of the gold watch and a guaranteed pension for life are all but over for individuals working for private companies. The responsibility … Continued

Keep an Eye on this New Employment Law

The Implications of NYSPFL The HR world is humming with the implications of New York State’s new Paid Family Leave law. New York State is one of our most populated states. If trends are any indication, this new law will likely more fully develop in other parts of the country soon. So you may see a … Continued

NYS Paid Family Leave: An Employers Checklist

NYS Paid Family Leave:  An Employers Checklist Starting January 1, 2018, nearly all private employees in New York State will be eligible for Paid Family Leave.  Here is what you need to do now. Make sure your PFL coverage is intact. Generally, PFL insurance is added to the disability insurance policy an employer already carries. … Continued

Are Flexible Schedules Right for Your Company?

Flexibility in the Workplace by Kristen Kelly, HR Specialist Flexible Schedules on the Rise discussed the advantages and disadvantages of a flexible schedule for employees. Here we will  take a look at flexible schedules from the employer’s perspective. Below is a list of advantages and disadvantages for employers who are thinking of offering a flexible schedule as … Continued

NY Paid Family Leave Benefits

Get Ready for NY Family Leave Benefits By Kristen Kelly, HR Specialist The effective date of January 1, 2018  for the New York State Paid Family Leave Benefits will be here before you know it! This law will provide broad paid family leave benefits through New York State’s existing Disability Benefits Law for all employees … Continued

Benefits Employees Value

Importance of Traditional Benefits on the Decline It looks like the benefits employees value most may be changing.  According to the Society for Human Resource Management (SHRM), employees are expected to place less value on some of the more traditional benefits such as health care, retirement programs and leave .   Instead, employees are predicted to place … Continued