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Monday, February 3, 2020

The beginning of a New Year provides many individuals with a “fresh start” mentality, as people set out on new personal (or business) goals. While some may have goals for fitness, careers, family, or personal well being...

 

Friday, January 24, 2020

February, the month of love, is heart health month! In an average lifetime, a heart will beat more than 2.5 billion times. That’s a lot of mileage! Just like a car, maintenance and care should be a top priority to ensure your...

 

Thursday, January 9, 2020

What is The SECURE Act? On December 20, 2019, efforts were made to reform the U.S. retirement system, as President Trump signed the SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019 into law. This piece of...

 

Thursday, January 2, 2020

It’s a new year! A time for resolutions, good intentions and positive outlooks. The idea of a resolution is to make ourselves better, stronger, the best version of ourselves. We feel like we get to start over at the beginning of...

 

Tuesday, December 10, 2019

The thought of retirement can be exciting but planning and saving for retirement should begin well in advance. This article will examine three main reasons why you should begin saving as early as you can, and saving as much as you can...

 

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Thursday, November 21, 2019

It’s the holiday season! A cherished time for many — chock full of family, friends, good times, good food…and stress. According to a poll conducted by verywellmind.com, more than 80% of us find the holiday season to...

 

Tuesday, November 5, 2019

The ability to be able to afford paying for a college education is a hot topic in today’s society, as many students are incurring student loan debt, while the tuition costs of college continue to skyrocket. Just as saving for...

 

Tuesday, October 29, 2019

Soon, we’ll be sitting at our family dinner tables waiting for our turn to tell everyone what we are thankful for. I practice gratitude all of the time (pats self on back). In fact, I have a daily reminder that goes off on my...

 

Tuesday, October 8, 2019

The 401(k) plan, which is an employer sponsored plan, was designed to be a simple tool to help employees start saving for retirement. While each company plan varies, there are provisions that many plans have in common - one of those...

 

Thursday, September 19, 2019

Your smile: it’s one of the first impressions you make on others. Smiling serves many purposes from boosting our immune system, relieving stress, to communicating with others who may not even speak our language. It’s an...

 

Wednesday, September 18, 2019

Where oh where did the summer go? As I write this, we’re amid another heat wave, but I’m sure by the time you read this, summer will be over and you’ll be deluged with deadlines for everything from your child’s...

 

Tuesday, September 10, 2019

Our previous blog on student loans addressed the different loan options that are provided by the Federal Government. The different repayment options that the Government makes available to you provides flexibility, makes repayment...

 

Thursday, August 29, 2019

Did you know that taking certain medications can actually put you at risk for unhealthy cholesterol levels? According to Healthfinder.gov, “Taking certain medicines, like medicines to lower blood pressure” can increase your...

 

Wednesday, August 14, 2019

The student loan crisis that is taking place in our country is certainly something too big to ignore. How big? The amount of student loan debt is the highest that it’s ever been at $1.5 trillion in the U.S. alone, and there are...

 

Thursday, July 25, 2019

Drink Water. We hear it all the time. Health experts, nutritionists, personal trainers, physicians—they all encourage us to drink water. While some of us have joined the movement, carefully selected our signature water bottle...

 

Thursday, July 25, 2019

The intent behind this article is to reassure anyone who has debt -- that not all debt is bad debt! Many people, at some point in their lives, have to carry the “burden” of debt on their back. Whether it’s for a...

 

Thursday, July 11, 2019

On June 24, 2019, President Trump issued an Executive Order (“EO”) directing the relevant federal agencies to issue regulations or other guidance to make available more meaningful information related to the price and...

 

Wednesday, July 10, 2019

The Departments of Labor, Health and Human Services, and the Treasury (collectively, “the Departments”) finalized rules creating two new Health ReimbursementArrangement (HRA) options available to employers beginning January...

 

Tuesday, July 9, 2019

The Departments of Labor, Health and Human Services, and the Treasury (collectively, “the Departments”) finalized rulescreating two new Health Reimbursement Arrangement (HRA) options available to employers beginning January...

 

Tuesday, July 9, 2019

It’s the middle of July — you and your families are having a blast enjoying summer festivities from trips to the shore, camping, family barbecues, or just hanging pool-side. Summer is giving everyone just what we’ve...

 

Thursday, May 30, 2019

We are committed to providing latest updates relevant to you. The IRS has released the 2020 inflation adjustments impacting Health Savings Accounts and High Deductible Health Plans. 2020 IRS HSA limits are as follows: For additional...

 

Monday, May 20, 2019

One of the 401(k) plan complaints I have heard in my career from plan sponsors is that they don’t like to have to take, or give refunds of salary deferral contributions to their Highly Compensated Employees (HCEs). Usually, if a...

 

Thursday, May 9, 2019

Effective April 30th: Independence Blue Cross will update the Preventive Care Services guidelines to include physical therapy for fully insured and self-funded commercial plan members 65 years of age or older who are at an increased...

 

Monday, April 1, 2019

PRESS RELEASE Berwyn, PA, APRIL 1, 2019 – Tycor Benefit Administrators, Inc.® has been recognized as a 2019 Best Places to Work for Financial Advisers as announced by InvestmentNews today. READ PRESS RELEASE ADD FILE

 

Tuesday, March 26, 2019

Currently, six states and the District of Columbia have implemented paid family leave laws, including New York, New Jersey and California. Recently, there have been several efforts to expand this type of leave at the federal level. The...

 

Thursday, March 21, 2019

If you, or one of your clients, sponsor a Savings Incentive Match Plan for Employees (SIMPLE) and have not had the misfortune of undergoing an IRS audit, consider this a wake-up call! Recently, I was involved in assisting a client who...

 

Tuesday, February 26, 2019

The 2018 tax year is the first year to take advantage of the Tax Cuts and Jobs Act of 2017 (TCJA), the problem is until recently there was very little regulatory guidance on how to apply certain provisions. In particular, clarification...

 

Monday, October 29, 2018

J. Timothy Corle, CPC, CFP® Named to 2018 Financial Times 401 Top Retirement Advisers September 27, 2018 – J. Timothy Corle, CPC, CFP® is pleased to announce that he has been named to the 2018 edition of the Financial...

 

Friday, October 26, 2018

Student loan debt in America has reached staggering new heights, limiting the ability of many to save for retirement. That’s why it was big news when the IRS recently approved one company’s program to help employees save...

 

Wednesday, September 12, 2018

You just dropped your child off at college. You’ve purchased dorm supplies, linens and new clothes. You have organized a budget to cover tuition, room and board, and travel as well as for your student’s personal spending....

 

Monday, August 27, 2018

All of the political, legal and compliance issues aside, what are the potential risks and rewards of Association Health Plans (AHPs)? Trade associations, who should have an easy time meeting the requirements, will be able to make...

 

Monday, August 20, 2018

Almost immediately after the final rule changing the definition of “employer” under the Employee Retirement Income Security Act (ERISA) was adopted, allowing for the formation of Association Health Plans (AHPs), two states...

 

Wednesday, August 8, 2018

Association Health Plans (AHPs), as they are acrimoniously known, are in fashion again. After a nearly 10- year hiatus, mostly in response to changes in regulations by ACA (“Obamacare”), a major regulatory roadblock to...

 

Monday, July 23, 2018

Will the release of final Association Health Plan (AHP) rules provide relief for small employers struggling with rising medical premiums? On October 12, 2017, President Trump issued an executive order, “Promoting Healthcare...

 

Tuesday, June 19, 2018

Did you know that if you are age 70 ½ or older, you are able to donate up to $100,000 tax free from your IRA to a qualifying charity each year? A little known provision in the tax law, made permanent in 2015, gives taxpayers a...

 

Wednesday, June 13, 2018

For those companies who meet the “three S’s” (See Part 1), Referenced Based Pricing (RBP) promises immediate hospital/facility claims savings. I see estimates from vendors of between 20% and 50%. Overall annualized...

 

Tuesday, June 12, 2018

As the insurance market continues to evolve and employers continue to seek ways to control medical insurance costs, the concept of referenced based pricing (RBP) is a newer technique being explored. For consultants working with...

 

Tuesday, May 22, 2018

As we approach the Memorial Day weekend, please take a moment to remember and honor the sacrifices of all the men and women who gave their lives for our country. From the staff at Tycor, enjoy the long holiday weekend!

 

Tuesday, May 15, 2018

On May 10, 2018, the IRS released Revenue Procedure 2018-30. What does this mean for you? If you are covered by a qualified High Deductible Health Plan (HDHP) and are eligible to make HSA contributions, In 2019, the contribution limits...

 

Monday, April 30, 2018

$6,900 Re-Established as 2018 HSA Contribution Limit for Certain Individuals The Internal Revenue Service (IRS) has re-established $6,900 as the 2018 health savings account (HSA) contribution limit for individuals with family coverage...

 

Monday, April 23, 2018

With the implementation of the Medicare Access and CHIP Reauthorization Act (MACRA) of 2015, the Centers for Medicare & Medicaid Services (CMS) is required to remove Social Security Numbers (SSNs) from all Medicare cards. CMS currently...

 

Tuesday, April 10, 2018

This time of year is very busy! As I write this, the Tycor retirement plan team is feverishly analyzing client data for hundreds of plans. It is one deadline after another….1099-Rs must go out, refunds of excess 401(k)...