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Payroll Masters Blog

Insurance Commissioner Jones reduces workers’ compensation pure premium recommended rate again

SACRAMENTO, Calif. - Insurance Commissioner Dave Jones today adopted and issued a revised advisory pure premium rate, lowering the benchmark to $1.63 per $100 of payroll for workers' compensation insurance, effective January 1, 2019. Commissioner Jones has reduced the advisory pure premium rate by about 42 percent...

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IRS: 401(k) and IRA Contribution Limits Increase

The Internal Revenue Service (IRS) has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The IRS issued technical guidance detailing these items in Notice 2018-83. Highlights of Changes for 2019 The contribution limit for employees who participate in 401(k), 403(b),...

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