Upcoming Changes for HDHP Plan Sponsors Under Medicare Part D
Employers who sponsor group health plans must act now regarding the status of their prescription drug coverage in advance of changes to Medicare Part D that go into effect for […]
Retirement Plan Checklist For Plan Sponsors
End of Year Checklist for Plan Sponsors: Ensuring Compliance and Maximizing Benefits As we approach the 4th quarter of 2024, it’s crucial for plan sponsors to take a proactive approach […]
IRS Releases Education Assistance FAQs
The IRS recently released a Fact Sheet to address frequently asked questions related to educational assistance programs offered under IRC Section 127. Programs offered under this section allow employees to […]
Secure 2.0 Student Loan Matching
The SECURE Act 2.0 allows employers to match employee student loan payments with retirement plan contributions. This benefit aims to help employees burdened with student debt save for retirement. Plan […]
Innovative Launches Secure 2.0 Act Readiness Checklist!
Secure Act 2.0 changes directly impact Roth accounts, IRA, 401(k), 403(b), and many related tax breaks; however, for the purposes of this document, the focus will be on 401(k) and […]
Innovative Benefit Planning: 35 Years of Putting People First
This past February Innovative Benefit Planning was proudly featured in SJ Magazine for celebrating 35 years in business. We are grateful to have been recognized for our efforts, however, the […]
Innovative’s 5th Annual Well-Being @ Work Summit Recap
On May 7th, 2024 Innovative Benefit Planning hosted their 5th Annual Well-Being @ Work Summit, an event dedicated to making workplaces healthier, at the National Constitution Center in Philadelphia, PA! […]
Navigating Auto-Portability in Retirement Plans: Key Fiduciary and Liability Considerations Under SECURE Act 2.0
The introduction of auto-portability rules under SECURE Act 2.0 aims to simplify transferring small retirement accounts when employees change jobs, reducing cash-outs and enhancing retirement savings. However, plan sponsors must […]
IRS Issues 2025 HSA and EBHRA Limits
The IRS issued Revenue Procedure 2024-25, to announce the 2025 inflation adjusted amounts for health savings accounts (HSAs), High Deductible Health Plans (HDHPs) under the Internal Revenue Code (Code) and the […]
Secure 2.0 Auto-Portability
Auto-Portability Explained: Auto-portability is a feature designed to help plan participants consolidate their retirement accounts when they change jobs. Here’s how it works: Problem: When employees switch employers, they often leave […]
