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2018 Unemployment Cost Facts for Montana

2018 MT

 

What do state unemployment tax (SUTA) costs and claim costs mean to your organization?

These factors could mean less money for your cause.

$358 Average SUTA Cost per Employee

Factors used in calculating employer state unemployment rates have increased; therefore increasing the average unemployment tax cost per employee by 54% since 2008

Unemployment Claim Stats

savings snip$13,260 Total Maximum Benefits

A claimant can collect up to a maximum of $13,260 on a single claim.

$8.2 Million Unemployment Claim Overpayments

Montana’s fiscal year 2017 unemployment claim overpayment rate was 7.51%, equaling over $8.2 million.

$32,000 2018 Taxable Wage Base

The unemployment wage base in Montana increased by $600 in 2018, therefore increasing the wages on which employers pay SUTA on.

2014: $29,000

2015: $29,500

2016: $30,800

First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. Click here or call Megan Cronin at (503) 858-5622 to request a free, no-obligation cost savings evaluation. Evaluations include a 2019 rate projection!

Fast Unemployment Cost Facts For Montana

MT fact sheet

What do state unemployment tax (SUTA) costs, claims costs and wage base amounts mean to your organization?

These factors could mean less money for your cause.

First Nonprofit Group provides state compliant, individually insured, cost saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. Click here or call (503) 858-5622 to request a free, no-obligation cost savings evaluation. Evaluations include a 2018 rate projection!

 

Unemployment Cost Facts Every Montana Nonprofit Should Know!

Montana Pic

What do state unemployment taxes (SUTA), state unemployment reserve balances and claims overpayment rates mean to your nonprofit?

These factors could mean less money for your nonprofit organization’s cause.

114% SUTA Cost Per Employee Increase

Factors used in calculating employer state unemployment tax rates have increased, therefore increasing the average state unemployment tax cost per employee by 114%, from $234 in 2009 to $502 by 2015.

$8.5 Million Unemployment Claim Overpayments

Montana’s July 2014-July2015 unemployment claim overpayment rate was 11.458, equaling over $8.5 million.

$30,500 2016 Wage Base

Montana’s unemployment wage base increased rom $29,500 in 2015 to 30,500 in 2016; therefore increasing the wages on which employers pay SUTA on.

There are options to financing your nonprofit organization’s unemployment costs

MT pic

First Nonprofit Group provides state compliant individually insured, cost saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. We provide more than 1,800 organizations around the country with unemployment insurance at affordable rates. Click here or call 1-(800) 526-4352 to request a free, no-obligation cost saving evaluation. Evaluations include a 2017 rate projection!

Attn. Montana nonprofits: Could your organization use an extra $21,659*?

First Nonprofit’s (FNG) provides 501(c)(3) nonprofit organizations and governmental entities with safe, cost-saving alternatives to the State Unemployment Insurance Tax (SUTA). More than 1,700 nonprofit organizations, representing all sectors of the nonprofit community, rely on us to maintain and manage their unemployment insurance costs.

Nonprofits, on average, pay more in SUTA than what their employees actually collect in unemployment benefits. *New 2015 members saved an average of $21,659 (29%) in FNG’s unemployment programs in their first year alone.

**These are just a few member savings samples. FNG’s programs are available to nonprofits in all 50 states. Contact us for more state-specific information!

For more savings examples, click here.

Unemployment Insurance for Nonprofits in Montana: There is a safe, cost-effective alternative out there

What do high unemployment rates, increased taxes and negative State Trust Fund Balances mean to your nonprofit? All these statistics mean less money for your cause.

INCREASED TAX COST: 123%

In 2009, the average unemployment tax cost to the Montana Department of Labor & Industry, per employee, was $234. In order to replenish the diminishing unemployment trust fund caused by the recession, factors used in calculating unemployment rates were increased, therefore increasing the average unemployment tax cost per employee. By 2014 that cost had increased by 123%!

IMPROPER PAYMENT RATE OF 11.819%

The Montana Department of Labor & Industry had a 11.819% average improper payment rate from 2011 to 2014. Over $16 million improper payments were made in 2014 alone.

 

First Nonprofit Group provides more than 1,700 nonprofits around the country with unemployment insurance at affordable rates. Below is a sample savings analysis of one member since 2009.
To find out how much money your organization can save, contact us for an unemployment cost savings evaluation. Evaluations are free, there is no obligation to join, and an estimate of your 2016 unemployment rate is included!
For a PDF version of this fact sheet, please click here.

 

Did your state’s unemployment wage base change in 2014?

Several states have announced changes to their unemployment taxable wage bases, effective 2014. A state unemployment taxable wage base is the maximum amount on which an employer must pay unemployment taxes for each employee. For example, an employer in Oregon must pay unemployment taxes on the first $35,000 an employee earns throughout the 2014 calendar year.

Why is this information important?

Several states have an upcoming April 30th deadline to submit their 1st quarter 2014 wage report. Unemployment taxes must be paid on the correct wage base to avoid any penalties.

An increase in the taxable wage base can also mean an increase in unemployment tax cost per employee. For example, if an employer in North Dakota had a 1.0% unemployment rate in 2013, their cost per employee would be $318 ($31,800 x 1.0%). In 2014, that cost would increase to $336, should their tax rate remain at 1.0% ($33,600 x 1.0%).

Nonprofit employers have options to avoid these increases. To request more information, complete the form to the right.

** For employers that pay the highest UI tax rate of 9.79%, the wage base is $22,100.

What’s the Overpayment Rate in Your State?

The Benefit Accuracy Measurement program (BAM) released the overpayment rates for all state unemployment agencies earlier this year. The program is designed to determine the accuracy of paid and denied claims. The national overpayment rate sits at 10.67%.

 

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