Gardner & White Newsletter
Employee Benefit Plan Services
We would like to extend warm holiday greetings to you and your staff. We hope you have a safe and joyful holiday.
IRS Pension Plan Limitations for 2011
The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will either remain unchanged, or the inflation adjustments for 2011 will be small. Highlights include:
- The elective deferral (contribution) limit for employees who participate in section 401(k), 403(b), or 457(b) plans, and the federal government's Thrift Savings Plan remains unchanged at $16,500.
- The catch-up contribution limit under those plans for those aged 50 and over remains unchanged at $5,500.
|New State-by-State Report on |
Health Insurance Premiums
Premiums for employer-sponsored family health insurance increased an average of 41 percent across states from 2003 to 2009, more than three times faster than median incomes, according to a new Commonwealth Fund report. Yet, insurance is buying less. The report found that deductibles per person rose 77 percent, on average. Higher premiums plus higher out-of-pocket costs are putting working families' budgets under stress across the country.
Source: Commonwealth Fund
A Guide to Health-Care Rulings
A Virginia federal judge ruled the Obama administration's health-care law unconstitutional. This is one in some two dozen challenges to the law. Click the following link to see an overview of the key rulings so far - and a look at a big decision to come in Florida.
Guide to Health-Care Rulings
Source: Wall Street Journal
|Manage your Money with Mint.com
If you've tried to build a budget in the past and just couldn't stick to it, we understand. Until now, trying to see where you're spending and where you can cut back has been too difficult. But once you understand a few basic principles and start tracking your spending with Mint.com, you'll be able to set and stick to realistic goals, easily and automatically.
This free online service can be of great value to you and your staff. This can be especially helpful with employees who may need to save more for retirement.