July 23, 2020
Does that $100,000 maximum per person include other fringe benefit costs?
Posted by Armanino Financial Advisory Team
Fringe benefits are not included in the $100,000 cap. The $100,000 annual maximum (either $15,385 or $46,154 depending on the Covered Period) applies only to the gross salary or wages earned by the employee and does not include any benefits or other additional payroll costs.