Sessions
Concurrent Session
Tax Reform 101: How Recent Changes to Tax Law Will Impact Workplace Benefits
Location: Mount Vernon Square
Tuesday 03/13/2018 11:00 AM - 12:15 PM
1.25 SHRM PDCs
| Competencies: HR Expertise, Business Acumen
| Intended Audience: Mid-Level
Workplace Application:
Gain an understanding of recent changes to the Internal Revenue Code that will impact employer-provided benefits.
With the recent passage of the Tax Cuts and Jobs Act, several employer-provided benefits will be impacted by the tax reform process. Changes to retirement benefit plans, executive compensation, employer-provided benefits and payroll administration were effective December 31, 2017, and will immediately affect how employee benefits are administered in the workplace. Join this session to learn about the new tax treatment of fringe benefits, limits on executive compensation, and how changes to defined benefit retirement savings accounts could affect you and your employees. In this session, you will:
- Learn how the Tax Cuts and Jobs Act may affect your benefits offerings.
- Gain an understanding of the implications of the act on the design of executive compensation.
- Identify changes you may need to make to your defined contribution retirement plan summary document.
