Monthly Archives: January 2013

Jan 20, 2013  |   By Millennium Benefits Consulting →

Employer-provided Life Insurance as Imputed Income

As an employer, you’re likely aware of the requirement of managing and calculating “imputed income” for your employees.  This requirement of the IRS applies to employees who are covered by an employer-provided benefit of more than $50,000 in term life insurance.  This requirement is tedious and challenging, especially if you have a payroll or software service, however it is one that must be administered.  This     Continue reading

Posted in Benefits and Benefits Administration, Best HR Practices, Featured   |