Welcome to the PrestigePEO Pulse Newsletter. You’re receiving this email because your company utilizes PrestigePEO as its HR services and solutions provider. This partnership gives you access to regular correspondence like this email, which is intended to provide tips for navigating your work life. In this newsletter, you’ll find useful information about how to prepare for your W-2, FSA contribution limits, and access to a NEW Benefits Center!
YOUR W-2
It's That Time of the Year Again! How to Confirm your Personal Information for your W-2
The year is drawing to a close, making it a great time to review your personal information for an accurate W-2. Our 2023 Year-End Guide provides step-by-step directions on how to confirm your personal information, including your contact information, mailing address, and tax withholding. Additionally, you can elect to receive your W-2 electronically – you can do this directly in the PrestigePRO employee portal.
Review the following information PrestigePEO has on record to ensure your W-2 is filed correctly:
- Personal information – Name, Resident Address, Mailing Address & W-2 Address
- Tax Withholding – Federal Withholding status, State Withholding status (if applicable) and Local Withholding status (if applicable)
You’ll find detailed instructions on confirming your personal information in PrestigePRO in the guide below. Your W-2 will be available electronically and if you didn’t opt in for an electronic W-2 it will also be mailed on or prior to January 31st. Visit our W-2 resource page within our client resource center for helpful information.
Click the link below to access our guide, which will help you ensure all of your information is correct for an accurate W-2.
Your 2023 W-2 Explained
Take on this tax season with confidence and join us for an exclusive webinar! The PrestigePEO team is here to walk you through figuring out the always complex W-2 form. At this informative session, we will answer some of your frequently asked questions that come to our HR team every January.
- What is a W-2?
- The different boxes within the form
- W-2 FAQs
- Locate your W-2 via PrestigePRO or the mobile app
Join us on Wednesday, January 24, 2024 at 10:00 a.m. Register at the link below.
ONLINE RESOURCE CENTER
Looking for Important Documents & Info?
You can access documents and information about your benefits in many places, but sometimes it’s just easier to see them all in one place. Fortunately, we have one! Head over to our Online Resource Center for Employee resources like your how to access your W-2 (W-2s will be available electronically by January 15, and, if you choose to have it mailed, postmarked no later than January 31), information about your benefits, and more.
There’s also a helpful FAQ section with answers and tools you may be looking for. Of course, you can always reach out to your HR Business Partner for further questions.
BENEFITS
New FSA and Commuter Limits for 2024
The IRS has announced the following new contribution limits for 2024:
Flexible Spending Accounts
- Healthcare Flexible Spending Account – $3,200 (increase of $150)
- Flexible Spending Account Carryover Maximum – $640 (if applicable; increase of $30)
- Dependent Daycare Account – $5,000 (no change)
- Adoption Assistance – $16,810 (increase of $860)
Commuter Benefits Accounts
- Parking Benefit – $315 (increase of $15)
- Transit Benefit – $315 (increase of $15)
The deadline to enroll or re-enroll in FSA for 2024 is December 31, 2023. Note: If you are currently enrolled and have unused 2023 funds available, you may roll over up to $610 in funds into 2024.
If you’re interested in making a change to your current elections, please fill out this form and send it to your Benefits Specialist.
Healthcare Spending Accounts – FSA vs. HSA 2024
Healthcare spending accounts, including FSA and HSA, reimburse you for qualified healthcare expenses for you and your eligible dependents. Curious about what these plans entail? The PrestigePEO team, along with Brady Moss from Optum Financial, are here to walk you through the ins and outs of some of these healthcare spending account technicalities. This exclusive webinar will cover the following:
- The difference between FSA, HSA & Dependent Care FSA plans
- How to file claims or use plans
- Important/key dates associated with the plans
Join us on Wednesday, February 7, 2024 at 10:00 a.m. Register at the link below.
Introducing the Client Benefits Center
Do you know how much your health insurance plan can do for you? There is so much more than just your annual check-up and prescription copays. We’re proud to share our brand-new Client Benefits Center to house all this information in one convenient place. In the “medical plans” search bar, just search for your insurance company, and you’ll be taken to a detailed page with pharmacy information, member tools and resources, forms, and more. You’ll also find a comprehensive list of our voluntary benefits and discount programs.
Take a look at the page below, and be sure to bookmark or save the page as a favorite for easy access.
TECHNOLOGY
Your PrestigePRO Experience is Getting an Upgrade!
We are excited to announce that our PrestigePRO technology interface is about to undergo a significant upgrade. The upcoming Unified Employee Experience (UEX) will introduce a sleek, modern appearance and intuitive design. You’ll notice more responsive navigation to make your experience faster and more straightforward.
All dashboard widgets will be updated for a fresh appearance and improved functionality. Plus, several widgets will be redesigned from the ground up for improved functionality, including the Paid Time Off widget, the My Benefits widget, the Pay widget, and the Birthdays & Anniversaries widget.
Currently, the new UEX is in the testing phase, and we anticipate its official rollout in January 2024. We’ll keep you posted on our progress and give you a final announcement about the release of this exciting update.
Go With the Flow – With PrestigeGO!
The PrestigeGO mobile app has everything you need and more. It’s convenient, helpful, and always available wherever and whenever you need it. Our most utilized features include reviewing your paycheck and accessing your W-2. You can also use your mobile app to get in touch with your HR team. You can call your PrestigePEO HR Business Partner, Payroll Specialist, and Benefits Specialist on the go whenever a question strikes.
Check out this video for a quick rundown of the PrestigeGO app!
Need Help with PrestigePRO?
We want to ensure your PrestigePRO experience is excellent from the start. If you are experiencing difficulty logging into PrestigePRO, please visit our FAQ or contact your PrestigePEO HR Business Partner.
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Onboarding Tips in PrestigePRO
Need help completing your onboarding paperwork in PrestigePRO? Your I9 and the rest of your onboarding paperwork are very important and need to be completed in a timely manner. Visit our handy FAQ below for answers, and contact your HR Business Partner if you have further questions.
COMPLIANCE
Review Your Labor Law Posters
Labor law posters are an important and useful resource to inform you of your rights. We want to remind you to review these posters often, as they are updated frequently. These posters are located in high-traffic areas, like a lunch room or kitchen in your office.
In addition to worksite posters, if you are a work-from-home or telecommuter employee, you should receive digital posters via email from compliance@prestigepeo.com every time there is an update.
For your convenience, all poster copies are accessible on the PrestigePRO employee portal.
- Log in to PrestigePRO and locate “State Posting Notices” on the left-hand side of the screen.
- Once there, the dropdown box will ask you to click on your state.
- After clicking on your state, you will see an additional dropdown box where you can click on the individual federal, state, and local postings that may be applicable. You can view or print them as you wish.
If you have any questions regarding poster compliance, please reach out to your PrestigePEO HR Business Partner.
