Flexible spending account | Keeps current allowance of $2,750 annual salary reduction |
Keeps current allowance of $550 for employer contribution | |
Adoption Assistance | Amount raised from $14,300 to $14,440 |
401k Contribution | Employee amount remains at $19,500 |
Health Savings Account | Employee contribution raised from $3,550 to $3,600 |
Family contribution raised from $7,100 to $7,200 | |
Affordable Care Act | Affordability threshold raised from 9.78% to 9.81% |
Penalty for failure to offer is now $2,700 | |
Penalty for lack of affordability is now $4,060 | |
San Francisco HCSO | Base increases from $2.05 to $2.12 groups of 20+ |
Base increases from $3.08 to $3.18 groups of 100+ | |
State Disability | This is real – the amount to be taken from employee pay is increased from 1% to 1.5% — the Paid Family Leave Act went to 8 weeks in July 2020 |