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Kelly Holland
Jul 6, 20222 min read
Department of Labor's New Initiative: Are you up to the new standards?
In February 202 2, The Department of Labor announced it was beginning a new initiative to look more closely at the Warehousing and...
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Kelly Holland
Jul 6, 20221 min read
Individual/Solo 401k Plans
Sole Proprietors and Self-Employed – Take advantage of the high limits and flexibility of Individual 401k plan. Establish a plan by...
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Kelly Holland
Jul 6, 20222 min read
Am I a Fiduciary to my Company’s 401k Plan?
If you are asking the question then, most likely, yes. A fiduciary is someone acting in a position of trust on behalf of, or for the...
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Kelly Holland
Jun 30, 20221 min read
When can I adopt a new 401(k) plan if I currently have a SIMPLE IRA in place?
All SIMPLE IRAs operate on a calendar year basis. Replacing one with a safe harbor or traditional 401(k) plan takes some planning due to...
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Kelly Holland
Jun 21, 20222 min read
Mind the (LTD) Gap
If you've been to London and have taken the U nderground Rapid Transit System, you are likely familiar with the M ind the G ap signs...
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Kelly Holland
Jun 15, 20223 min read
Small Businesses Owners: Ready to Start a Company Retirement Plan?  Â
Comparing retirement plans : 401(k) vs. Simple IRA vs. SEP IRA  As an employer, a company retirement plan may help you: Save for your...
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Kelly Holland
Jun 7, 20222 min read
Pay Equity Statutes
New Expectations One of the new frontiers in employment law, is the expansion of pay transparency laws, designed to combat wage...
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Kelly Holland
May 25, 20221 min read
IRS releases HSA index figures for 2023
IRS releases 2023 Health Savings Account (HSA) index figures and the maximum amount that may be made newly available for the plan year in...
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Kelly Holland
May 25, 20223 min read
Small Employer Tax Credits for Starting a Company Retirement Plan
Eligible employers may be able to claim a tax credit of up to $5,000, for three years, for the ordinary and necessary costs of starting a...
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Kelly Holland
Mar 1, 20220 min read
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Kelly Holland
Nov 10, 20211 min read
HSA Contributions When Spouse Has Medicare A
Can a High Deductible Health Plan (HPHP) subscriber that has Employee + Spouse coverage enroll in a Health Savings Accounts (HSA) and...
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Kelly Holland
Oct 4, 20213 min read
Long COVID as a Disability
On September 9, 2021, the EEOC announced that it recognizes that long COVID may be a disability under the Americans with Disabilities Act...
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Kelly Holland
Oct 4, 20211 min read
Final Tip Rule
On September 23, 2021, the U.S Department of Labor (DOL) announced that the publication of its Tips CMP final rule  will be on the 24th,...
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Kelly Holland
Oct 4, 20211 min read
COVID-19 Sick Leave Extended & Expanded
On September 29, 2021, Massachusetts Governor Charlie Baker signed legislation ( HB 4127 ) modifying the Massachusetts COVID sick leave...
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Kelly Holland
Sep 8, 20213 min read
What happens to FSA funds when an employee terminates?
There are only three types of expenses that a health Flexible Spending Account (FSA) can reimburse after an employee's coverage...
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Kelly Holland
Jul 30, 20212 min read
HSA rules when a spouse goes on Medicare and the other spouse is younger
When an employee of a corporation has medical coverage as Employee & Spouse, and the employee turns Age 65 and goes on Medicare, below is...
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Kelly Holland
Jul 8, 202112 min read
Return to Work, Vaccination, and Masking Policies — FAQ
Are you reopening your office and wondering what your vaccination and masking polices can be? Our FAQ provides you with answers you need....
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Kelly Holland
Jul 1, 20211 min read
Wealthcare Portal User Guide
Employee user guide to setting up a HSA, FSA, DCA and Commuter Benefit Account online with the CIP Group WealthCare Portal.
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