2024 Health FSA Contribution Limit
Employees are increasingly regarding financial wellness benefits as indispensable, as indicated by discoveries in Vestwell’s annual Savings Industry Report. Financial wellness is about finding a balance between covering everyday expenses and saving for the future, akin to maintaining physical health. Just as one needs training to run a marathon, achieving financial stability requires access to the right tools and strategies. Employers looking to “Empower Your Financial Future” need to grasp employee expectations, as financial wellness programs are transitioning from mere perks to crucial elements of workplace benefits. With employees facing economic uncertainties and retirement complexities, there’s a rising demand for comprehensive financial solutions beyond traditional retirement savings vehicles.
When it comes to purchasing insurance, you have two primary options: working with an insurance agent or buying directly from an insurance company. While going direct may seem quicker, hiring an insurance agent offers a range of benefits that can save you time, money, and stress in the long run. Here’s why working with an agent is a smart choice:
When it comes to workplace safety, employers must navigate a complex web of regulations and reporting requirements. Even if you’re in a low-hazard industry, understanding your obligations regarding injury and illness reporting to OSHA (Occupational Safety and Health Administration) is crucial. In this blog post, we’ll break down the key points you need to know to ensure compliance and manage potential OSHA inspections.
Maintaining availability on a line of credit facility is crucial for contractors, and Enhancing Credit Availability with Strategic Surety Solutions is a key approach to achieving this. Project demands, delayed payments, and unforeseen expenses are just three of the many cash flow challenges contractors face. Having readily available credit ensures that contractors can quickly adapt to the circumstances without disrupting their operations or having to pass on new opportunities.
The Biden administration issued an executive order mandating the use of Public Labor Agreements (PLAs) on federally funded construction projects exceeding $35 million, effective since January 2024. This aims to streamline labor practices, enhance worker protections, and ensure timely project completion. While this directive aims to foster a more organized labor market, PLAs impact bond market dynamics in multifaceted ways.
In a recent blog post, the U.S. Department of Labor announced it will issue a proposed rule on determining employee or independent contractor status under the Fair Labor and Standards Act. While this News Brief explains further, our expertise is always on call at 847.934.6100 if you have any questions or you can reach us at .
DSP was recently recognized as Acuity Insurance’s number one agent in the state of Illinois. We are honored to have an outstanding relationship with this excellent insurance company.
The goal of any prequalification program, especially when it comes to Subcontractor Selection Risk Management, is the evaluation of potential subcontractors BEFORE they are hired. This then lowers the risk exposure and ensures the subcontractor has the necessary resources, skills, experience, and financial stability to complete work effectively and safely.
Work travel, global workforces, and international projects often raise questions about the best ways to protect your teams and assets. To ensure comprehensive protection for employees working abroad, it’s crucial to understand and utilize two key policies: Foreign Voluntary Workers’ Compensation (FVWC) and Global Accident and Health (GAH).