HRPro, a Royal Oak, MI-based Human Resource Consulting and Administration firm, announced that it appointed Teresa Edwards as its new President. Teresa has been with the company for many years and has truly grown in her leadership ability and wisdom…
6 Must-Know HR Trends That’ll Impact Your Team This Year In today’s market, HR professionals must adapt to the changing expectations of organizations and employees amid difficult economic conditions. As such, proactive HR leaders and professionals will approach 2024 with…
Final Rule: Employee or Independent Contractor Classification Under the FLSA On Jan. 9, 2024, the U.S. Department of Labor (DOL) announced a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee…
Health Savings Account (HSA) – Withdrawal and Spending Rules A health savings account (HSA) is a trust or account used to pay medical expenses that a high deductible health plan (HDHP) does not pay. HSAs offer triple tax advantages to…
2023 HR Checklists – Request Your Copy Today! Compliance is one of the most complicated burdens that organizations must handle. HR professionals must be familiar with many employment laws, such as the Family Medical Leave Act, the Consolidated Omnibus Budget…
Navigating Year-End HR Challenges: HRPro of Royal Oak, MI Introduces 2023 Year-End HR and Benefits Checklist As the year draws to a close, HR professionals find themselves immersed in a whirlwind of activities, ensuring a seamless transition from one year…
PCORI Fee Amount Adjusted for 2024 The Internal Revenue Service (IRS) has issued Notice 2023-70 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on or after Oct. 1, 2023, and before Oct. 1, 2024…
Qualified Transportation Fringe Benefit Limits to Increase in 2024 The 2024 monthly limit for transportation in a commuter highway vehicle and transit pass (combined) is $315. The 2024 monthly limit for qualified parking is $315. These amounts represent a $15…
IRS Increases 2024 Health FSA Contribution and Carryover Limits On Nov. 9, 2023, the IRS announced the inflation-adjusted limit for 2024 on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2024, the adjusted…
The IRS recently released the 2024 benefit plan limits based on the annual cost-of-living adjustments in the Internal Revenue Code. These limits take effect beginning January 1, 2024. Employers should update their Summary Plan Descriptions and other materials highlighting the…