With the New Year behind us, now is the time to plan for 2023. For business owners, this means familiarizing with updated contribution limits. Open enrollment may be months away for many businesses, but as the saying goes, it’s never too early to prepare.
From 401(k) to flexible spending accounts, many benefit plan limits have seen increases compared to 2022. Learn more about the new contribution limits for 2023 and educate your employees as they review their contributions for the upcoming year.