HUMAN RESOURCES. COMPENSATION STUDY UPDATE

In September 2022, Evergreen Solutions met with employees to conduct a comprehensive Total Compensation Study for CCAA. The goals of the compensation study were to assist CCAA in developing a competitive pay plan, which is based upon market data, and to ensure that the plan is fiscally responsible and meets the needs of CCAA with regard to recruitment and retention of qualified staff.

CCAA has received the Final Total Compensation Study Report from Evergreen The report documents the market compensation survey methodology, findings, and recommendations for implementation. Findings have been shared with the Executive Team and funding requirements have been provided to finance

During the month of March, HR will meet with the Directors to discuss the findings. When the budget is approved, Department Heads will share the information with employees If approved in the budget, adjustments recommended in the study including, wage, title, and grade changes will take place in July 2023.

Flexible Spending Accounts

Deadline for filing FSA claims is March 31, 2023. Anything over $550 will be lost after March 31st if it has not been used or claims have not been submitted before the March 31st deadline. Contact ASI Flex customer service for any questions at 1.833.726.7587.

Health Savings Accounts

With the 2022 tax deadline quickly approaching on April 18, 2023, here are a few tips and reminders about your HSA Central Health Savings Account (HSA).

1. You can still contribute to your HSA for the 2022 tax year until the tax filing deadline. Using your HSA Central account online, you can contribute funds from your bank account.

· $3,650 – Individual coverage contribution limit

· $7,300 – Family coverage contribution limit

· $1,000 – Additional catch-up contribution for ages 55+

2 View and download your tax documents by logging into your account at schsa centralbank net or through the HSA Central Mobile App

Trivia Tuesday!

What destination, not yet serviced at CHS, was announced last month? Email your answer to cmalacara@iflychs com for some swag!

· 5498-SA form is for contributions (if you added funds)

· 1099-SA form is for distributions (if you spent funds)

3. When filing your taxes, report contributions and distributions via Form 8889 and include that information on Form 1040, too.

For help with your HSA, please call 833.571.0503.