Month: October 2024

Everything You Wanted to Know About Lifestyle Spending Accounts

In an era where attracting and retaining employees is paramount to an organization’s success, a Lifestyle Spending Account (LSA) is a valuable addition to employee benefits. LSAs can significantly boost employee engagement by providing flexibility and control over their benefits.

Posted on October 8, 2024 By Kushner & Company
Categories: 
Benefits, 
Blog, 
Flexible Spending Accounts (FSA), 
FSA / HSA / HRA, 
Health and Welfare Team, 
Health Reimbursement Arrangements (HRA), 
Health Savings Accounts (HSA), 
Individual Coverage HRA (ICHRA), 
Total Rewards
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Student Loan Repayment Matches in a 401(k) Plan – A New Wrinkle

For plan years beginning in 2024, this new optional opportunity is for the plan to treat Qualified Student Loan Payments (QSLPs) as if they were elective deferrals to the plan (even though they were not contributed to the plan) and to provide a matching contribution to the plan as if they were.

Posted on October 1, 2024 By Kushner & Company
Categories: 
401(k), 
Administration, 
Blog, 
Combo Plans, 
Defined Contribution Plan, 
Educational Assistance, 
Retirement Plans
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