MJ Insight

Explore MJ Insight, where we cover trending topics, provide industry insights, and keep you up-to-date on the latest compliance regulations.

News and Updates
News and Updates

MJ Finds New Rhythm in Nashville

In 1925, the Grand Ole Opry was established and set Nashville on its path to becoming the Country Music Capital of the World. Now, 100 years later, The MJ Companies starts its own Nashville legacy with grand hopes that we, (…)

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Benefits+
PUBLISHED December 1st, 2023

ACA REPORTING: MOST EMPLOYERS MUST FILE ELECTRONICALLY BEGINNING IN 2024

DeAnn Deck

The Affordable Care Act (ACA) created reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these rules, certain employers must provide …

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Risk Management
PUBLISHED November 14th, 2023

CAPTIVES IN FOCUS: ARE THEY RIGHT FOR YOU?

Byron Shultz

Amid a challenging insurance market, companies are on the lookout for creative solutions to bolster their financial resilience. One strategy that continues to gain …

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Benefits+
PUBLISHED November 9th, 2023

2024 HEALTH FSA & QUALIFIED TRANSPORTATION LIMITS

DeAnn Deck

NOVEMBER 2023 In Revenue Procedure 2023-24, the IRS sets forth a variety of 2024 adjusted tax limits. Among other things, the notice indicates that …

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Benefits+
PUBLISHED November 7th, 2023

BEYOND BUZZWORDS: PAY TRANSPARENCY’S ROLE IN TOTAL REWARDS

Eric Garcia

As a result of changing labor markets, more and more employees are demanding pay transparency. Employees are demanding it, legal mandates are reinforcing it, …

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Benefits+
PUBLISHED November 3rd, 2023

PCORI FEE AMOUNT ADJUSTED FOR 2024

DeAnn Deck

The Internal Revenue Service (IRS) has issued Notice 2023-70 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee amount for plan years ending on …

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Benefits+
PUBLISHED October 31st, 2023

BOOMERANG EMPLOYEES: THE UNCONVENTIONAL RETURN TO FORMER EMPLOYERS

The MJ Companies

In the aftermath of the “Great Resignation,” yet another unexpected trend is emerging on the talent horizon: the rise of boomerang employees. This trend …

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Benefits+
PUBLISHED October 24th, 2023

HELPING EMPLOYEES MANAGE STUDENT LOAN DEBT

Brea Dantin

The end of the student loan repayment moratorium marks a fresh wave of financial challenges for many American workers. In a time when a …

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Benefits+
PUBLISHED October 20th, 2023

FINAL FORMS AND INSTRUCTIONS FOR 2023 ACA REPORTING RELEASED

DeAnn Deck

The IRS has released final 2023 forms and instructions for reporting under Internal Revenue Code Sections 6055 and 6056: Draft versions of these forms …

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Benefits+
PUBLISHED October 10th, 2023

GLP-1 DRUG COVERAGE: BALANCING COSTS AND WELLBEING CONCERNS

Breanna Evans

Lately, there has been a significant uptick in the popularity of GLP-1 drugs like Ozempic and Wegovy. Boasting jaw-dropping results and a slew of …

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Benefits+
PUBLISHED October 6th, 2023

HEALTH SAVINGS ACCOUNTS (HSAS) – WHO IS ELIGIBLE?

DeAnn Deck

Only eligible individuals can establish HSAs and make contributions (or have them made on their behalf). An individual’s eligibility for HSA contributions is typically …

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Benefits+
PUBLISHED September 7th, 2023

IS YOUR FINANCIAL WELLNESS PROGRAM DUE FOR A CHECKUP?

Brea Dantin

With student loan repayments resuming and rents soaring to near record highs it’s little wonder that 9 out of 10 employees report being worried …

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Benefits+
PUBLISHED August 25th, 2023

PAY OR PLAY AFFORDABILITY PERCENTAGE WILL DECREASE FOR 2024

DeAnn Deck

On Aug. 23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentage in 2024 for determining the affordability of an employer’s …

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