The Secure 2.0 Act allows for features in employer retirement plans to encourage their use. The changes are designed to encourage employees to contribute to 401(k) or 403(b) plans, allowing you to offer small financial incentives to employees. If employers use a...
Taxes
2025 OASDI tax and earnings base increases to $176,100; COLA is 2.5%
Social Security beneficiaries will see an increase in their monthly checks in 2025—2.5%. This cost-of-living adjustment, or COLA, will produce an estimated average monthly benefit of $1,976 for all retired workers in 2025, $49 a month more than in 2024. The COLA...
Understanding Fringe Benefits
Fringe benefits may be available to everyone in the company or may be used as incentives for meeting certain goals. They may be paid or given in the form of an achievement award. They are always considered compensation for services beyond employees’ normal rates of...