Kushner & Company

In an era where attracting and retaining employees is paramount to an organization’s success, a Lifestyle Spending Account (LSA) is a valuable addition to employee benefits. LSAs can significantly boost employee engagement by providing flexibility and control over their benefits. @SHRM @LifestyleSpendingAccounts @EmployeeBenefits

In an era where attracting and retaining employees is paramount to an organization’s success, a Lifestyle Spending Account (LSA) is a valuable addition to employee benefits. LSAs can significantly boost employee engagement by providing flexibility and control over their benefits. @SHRM @LifestyleSpendingAccounts @EmployeeBenefits

Congress passed SECURE 2.0 allowing a new feature for 401(k), 403(b), and 457 plans that provide a matching contribution for their elective deferrals. For plan years beginning in 2024, this new optional opportunity is for the plan to treat Qualified Student Loan Payments (QSLPs) as if they were elective deferrals to the plan (even though they were not contributed to the plan) and to provide a matching contribution to the plan as if they were. Of course, this new wrinkle comes with a bevy of rules, recently issued by the IRS. @SHRM @401k @StudentLoans

Employers that offer prescription drug benefits are required to provide an annual notice to all Medicare-eligible plan participants and qualified beneficiaries before October 15th of each year, the start of the Medicare open enrollment period. Most send it to all participants. For 2025, with the Inflation Reduction Act lowering the out-of-pocket maximum to $2,000 (from $8,000 in 2024), many employer prescription drug plans—and especially those with High Deductible Health Plans—may find that their plans are no longer creditable. @SHRM @MedicarePartD @CreditableCoverage

As part of our organizational values of giving back to our communities, we took a day to highlight Big Brothers and Big Sisters of Kalamazoo's efforts to attract more "Bigs" to match with their "Littles." As you can see, we "Painted the Town Green" for that. #pttgwithbbbs

In a recent Private Letter Ruling (PLR) from the IRS, an interesting optional approach to allow an employee to direct their employer contributions to a qualified retirement plan such as a 401(k) profit-sharing plan. This development opens the door to some possibilities for employers looking to expand their benefit offerings without increasing costs. @SHRM @401k #RetirementPlans

IRS Releases 2025 ACA Affordability Percentage: What this means for employers offering group health plans. #ACA #SHRM #HRCompliance

It's back to school time, which means it's time for Kushner & Company to prepare and deliver over 100 elementary school backpacks and supplies for economically disadvantaged students to the wonderful Communities In Schools of Kalamazoo. Supporting our local not-for-profits is a strong value for us, and we gladly pitch in to purchase, pack, and deliver these each year for over a decade. Good luck students for the 2024-2025 school year!

As part of our summer's Community Events team event, this year we added collecting items to support children and families accessing Bronson Children's Hospital. Bronson Children's Hospital is the only children’s hospital in southwest and south central Michigan with a full scope of pediatric services. They support patients and their families in a variety of ways including art and music therapy, crafts and activity packets as well as a family kitchen with a communal space for caregivers/families. Bronson Children’s Hospital is the only children’s hospital in southwest and south central Michigan with a full scope of pediatric services. They support patients and their families in a variety of ways including art and music therapy, crafts and activity packets as well as a family kitchen with a communal space for caregivers/families. Giving back to our communities is a strong value at Kushner & Company, and our entire team is honored to support such a worthy entity. #GivingBack

Rather than seek out retirement plan consulting, many employers offer a take-it-or-leave-it retirement plan design in a document from their payroll or other provider. They assume that a 401(k) plan is just a 401(k) plan, not paying attention to the details contained in it. After all, don’t we just have to say we have a plan? Shrewd, strategy-minded employers often look at their retirement plans differently, as a way to better recruit and retain the talent they need to succeed in a competitive environment, both for their business as well as for top employees. @401k @retirement @SHRM