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Cafeteria plan COLA may require employer action

Cafeteria plan COLA may require employer action

by keyseradmin | Nov 16, 2022 | Compliance, Employee Benefits, HR Consulting

By Alex Mattingly The IRS has released the cost-of-living adjustment for the limit on permitted annual salary reduction contributions to health FSAs. The limit of $2,850 for taxable years beginning in 2022 has been increased to $3,050 for 2023. We are still waiting on...

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