"Applicable large employers that are subject to the ACA's employer mandate should note that these final regulations do not impact the affordability or minimum value analysis under those rules ... Employer plan sponsors with non-calendar-year plans will need to decide if they want to amend their cafeteria plans to allow family members of employees who may be eligible for ACA exchange coverage with subsidies to drop their current family coverage in order to enroll in exchange coverage. Amendments must be done within the time frames set out in [ Notice 2022-41 ]."   MORE >>

"[T]he Department of Paid Family and Medical Leave is reducing contributions to .63% of payroll (from .68% in 2022) capped at the 2023 Social Security wage base ($160,200). The maximum weekly PFML benefit will also increase to $1,129.82 (from $1,084.31 in 2022)."   MORE >>

52 pages. "The average participant contribution in 2021 was $2,483, down from the last few years. The average account balance at the end of 2021 was $4,924, down from $6,318 in 2020. Three-quarters of employers make contributions to the HSA and most provide a set amount per coverage level. Sixty percent of responding organizations offer investment options for HSA contributions. More than 20 percent of participants invested assets in 2021, accounting for nearly 30 percent of all HSA assets.... Fewer than 30 percent of employers position the HSA as a retirement savings vehicle."   MORE >>

"The program will fully pay for tuition, books, fees, and taxes, providing a truly debt-free education for select four- and two-year programs.... This new program is an investment in the next generation of financial services talent and part of a larger expansion of Fidelity's education benefits, making education and the most in-demand skills accessible to all."   MORE >>

" In addition to updating administrative systems to reflect the 2023 limits, plan sponsors may wish to review the contribution patterns over the last few years of their participants who were or are contributing at the maximum IRS limits.... If a nonqualified savings plan feature exists, there could be a reduction in the necessary amount to finance in a Rabbi Trust or leave as an unfunded unsecured obligation of the plan sponsor."   MORE >>

2-page chart shows retirement plan limits, and health and fringe benefit limits, for 2021-2023.   MORE >>