Q2 2023 Newsletter: Employee Engagement Edition

Financial stress can have a big impact on the company’s bottom line. Learn about how investing in employee financial education & wellness programs can help you and your company.
Read MoreFinancial stress can have a big impact on the company’s bottom line. Learn about how investing in employee financial education & wellness programs can help you and your company.
Read MoreEmployees may spend 3 hours a week dealing with personal financial issues, thereby increasing the risk of turnover. We can help by providing financial education, explore the cost difference.
Read MoreWelcome to June when we celebrate Great Outdoors Month! Great Outdoors Month encourages us to explore all that nature has to offer. This month is dedicated to our country’s unique and diverse landscapes...
Read MoreOffering a financial wellness program can help reduce employee financial stress, leading to lower turnover, improving company productivity and achieving a healthier bottom line.
Read MoreEmployees are looking for beefed up benefits that support their social, physical, mental and financial well-being.
Read MoreNational Windmill Day is observed on the second Saturday of every May. Windmills have served as manufacturing plants and sources of energy shaping the development of villages and towns for centuries. By harnessing the power of the wind...
Read MoreHelping employees reduce financial stress can help improve wellness, retention and productivity – and cost a fraction of the time lost from overwhelmed employees.
Read MoreIs it too late to save? Never. No matter where one is in their life or career, there are plenty of tricks and tips to help one save.
Read MoreStressed employees are feeling the pinch; this can affect productivity, retention and engagement at work. Financial education could be an easy solution that helps your employees and overall business.
Read MoreApril is National Kite Month. Who knew? On March 20th, we officially transitioned to Spring having already been teased with a sprinkle of some warm days in the high 60s. Spring is the time of the year when most kite fliers begin...
Read MoreRetirement goals: we are in this together! Here are 3 need-to-knows in our Fiduciary Plan Governance newsletter.
Read MoreSelecting 401(k) investments can feel like a lot of pressure. However, there are three steps to follow when it comes to selecting 401(k) investments that can help ease your mind.
Read MoreIt’s not often I introduce food challenges. An individual’s diet choices are personal, and I find that people get very protective of what they eat and what allowances or restrictions they incorporate. But I am going to step...
Read MoreMost meetings could have been just an email… but not your investment committee meetings. Check out our checklist to help enhance your next meeting.
Read MoreCompetitive benchmarking is a way to measure and compare fees associated with running your retirement plan. Explore the most frequently asked questions about plan costs and benchmarking.
Read MoreOkay, we’re settled into the new year. Some or all or one of you may have kept up with your New Year Resolution and even found a way to reset last month from holiday spending. Now it’s time to recover from Holiday...
Read MoreHow do you evaluate, benchmark and assess your plan and what other expertise or protection should you consider?
Read MoreStay ahead of deadlines with help from our annual Compliance Calendar. If you have any questions about deadlines or information requested, please contact us to review today!
Read MoreShare this newsletter with your employees to kick start their new year financial goals!
Read MoreHere’s helpful guidance about defining your plan goals and offering this benefit which helps everyone save toward retirement success.
Read MoreAfter a lot of excitement, Congress finally passed the Consolidated Appropriations Act which included several new retirement plan legislations. The SECURE 2.0 and other provisions strive to expand access to retirement plans, increase...
Read MoreHappy 2023! As we start a new year and try to improve, reinvent, or simply start again, I decided now is as good a time as any to broach a new area of wellness. Financial wellness. Up until now, I have steered clear of this...
Read MoreWhat employers can expect from their 401(k) partners, how to implement a financial wellness program and what to expect during a plan conversation.
Read MoreLet us focus on your retirement plan so you can focus on running your business. Here’s 4 ways we can help: Fiduciary Training, Investment Monitoring, Plan Design Optimization, Employee Education.
Read MoreIt’s December, the last month of 2022. December is a month where I find folks are either brimming with anticipation for the new year to come or clawing their way over the finish line. It always seems to be a busy time, so finding...
Read MoreHere are 7 retirement plan design options that can help business owners and employees reach toward their financial goals.
Read MoreWhat can you accomplish in one month without any excuses? Yep, let’s get right to it. It’s November, and not just any old November, it’s No Excuses November. Everyone makes excuses from time to time. It happens...
Read MoreLearn what to expect when changing recordkeepers to avoid unpleasant surprises.
Read MoreReview the full list of contribution limit changes and share with your plan participants!
Read MoreAttaining good credit score shouldn’t intimidate anyone. Here are some helpful tips to build and repair credit for long lasting impact.
Read MoreA financial wellness program can be an extremely valuable benefit, learn how it can help employees reduce stress while improving workplace productivity.
Read MoreLeverage service providers to help your 401(k) plan run more smoothly.
Read MoreWelcome to Walktober! The leaves are falling, the nights are getting downright chilly and Halloween looms before us. Wait, did I say Walktober? I did, and that’s because it’s also the time to celebrate this annual event...
Read MoreUse these insights and help optimize your 401(k) plan to align with savings and talent management strategies.Identify SECURE Act tax incentives that may help you and your employeesHelp employers maximize savings and minimize...
Read MoreWith certain 401(k) automatic features turned on, you can allow your employees to save more while lightening your administrative workload.Advantages:Increases participation in the retirement planProvides automation of administrative...
Read MoreThe time has come to farewell the long and lazy days of Summer as the hustle and bustle of Fall envelops us. September has arrived and we are back to business. As we slowly begin preparation for the fourth quarter and the holiday...
Read MoreIf you are looking for ways to improve fiduciary oversight and strengthen your company's retirement plan, a committee is one of the best places to start. A committee is responsible for the fiduciary oversight of your retirement plan by...
Read MoreInnovative and creative approaches to help your company stand out while improving workers’ financial well-being How can your company stand out from the competition so you can recruit and retain quality talent? At the same...
Read Morekay, I know. The days of “Back To School” for most of us are over. Long over. But I remember it as such an exciting time. You just about had your fill of Summer break and were itching to reunite with your classmates,...
Read MoreKey strategies to help employers maximize savings and minimize taxesAs a business owner, you have the ability to pull certain levers to increase retirement savings while controlling tax consequences. By understanding how different...
Read MoreThe average American will change jobs 12 times. Searching for a better quality of life, workplace benefits or change of scenery has led Americans to move careers, with frequency.But what happens to their old 401(k) account? Help...
Read MoreThe most comprehensive pension reform in 20 years, the SECURE Act, is a step forward to allow people greater access to retirement plans.The act hopes to expand retirement savings while alleviating administrative headaches. As such, the...
Read MoreSelf-care is the practice of individuals looking after their own health using the knowledge and information available to them, in collaboration with health and social care professionals as needed. I was struck by this very simple...
Read More70% of employees believe that inflation is the biggest barrier to their savings success – how can employers help improve this outlook, and in the long run, employee financial outcome?
Read MoreJune 3rd, 2022, is World Bicycle Day created for the advocacy and celebration of the humble bicycle all over the world. There is nothing quite like the exhilaration of riding a bicycle. It is not only a simple and sustainable means of...
Read MoreStand out with a more comprehensive benefit package! To retain and attract top talent, employers need to consider new perks that reflect our changing times. The Top 10 #EmployeeBenefits Solutions >>
Read MoreEmployers, are you ready to evaluate, adjust and enhance your benefits program to keep up with workforce expectations and engage top talent?
Read MoreIt’s no secret that inflation is reaching historic levels. It’s affecting you as employers, your employees and their finances. How does it affect retirement savings?
Read MoreIf you have an outstanding student loan, you’re not alone. Read our latest infographic with best practices to help you pay down student debt.
Read MorePaychecks for Life: What is Guaranteed Lifetime Income? Annuities and similar products may help address retirement income concerns.
Read MoreRecruiting and retaining top employees is becoming more challenging. Employees want more than just perks; they want benefits that can help them create financial freedom, balance and recognition. Here’s how you can work to build turnover re
Read MoreCybercriminals are well-aware that American’s have trillions of dollars in retirement savings plans. Here are key tips to help keep retirement savings safe online
Read MoreYour workforce is diverse and unique – how does your retirement plan reflect DEI efforts?
Read MoreA DOL Audit is no walk in the park, but you can take preventative steps to prepare by conducting due diligence and documenting your plan actions. The Complete Guide to a DOL Audit
Read More2022 Compliance Calendar: Important Dates and Deadlines
Read MoreEmployee professional and financial values are evolving, and ESG funds are beginning to represent them in the market. Will they become part of your fiduciary consideration?
Read MoreIf the DOL comes knocking, is your plan prepared for an audit? Be aware of red flags, how to respond and what documents to have ready.
Read MoreGet ahead of the curve: The most anticipated topics of 2022: Important information regarding audits, ESG funds and DEI in your workplace!
Read MoreIf you think you’re alone in managing your 401(k) plan, think again! A Retirement Plan Committee is a dedicated group that manages investment options, oversees retirement plan administration and provides fiduciary oversight and...
Read MoreIt’s the last month of 2021—we made it to December! For some of us, the year flew by. For others, it felt like a lifetime. The final month of the year can be quite stressful. Not only do deadlines need to be met and...
Read MoreAmericans are living longer than ever before. Life expectancy is now at 79 years old, and many employees will need to save enough to live 17+ years in retirement.1 How financially prepared are your employees to enter into this next...
Read MoreRetirement plan committees are super important; they set the direction and priorities of the company’s retirement plan. These actions (or inactions) can have a huge impact on how successful employees are at preparing for...
Read MoreThe new Retirement Plan Contribution Limits are official! The following limits are going up for 2022: Maximum contributions for 401(k), 403(b) and 547 increases to $20,500 The annual additions limit for defined contribution plans...
Read MoreWith Cycle 3 deadlines fast approaching, now is a great time to review your retirement plan. Measuring your retirement plan’s data provides key information to help increase its competitiveness, which can be extremely helpful in...
Read MoreAs I continue my journey of uncovering world acknowledgement days, I was pleased to discover that World Kindness Day is celebrated annually on November 13th. This day was launched in 1988 by The World Kindness Movement, which is an...
Read MoreMore than a year into the COVID-19 pandemic, there are signs of recovery in the U.S. Millions of vaccines have been administered, businesses and offices are reopening and life is starting to look more like it did pre-pandemic. All this...
Read MoreTalking about money is tricky, especially at work. While it may seem too personal for work and easier to avoid the conversation, the effects can have a lasting effect on a company. More and more forward-thinking employers are starting...
Read MoreAs we begin to say goodbye to 2021, let’s look forward to the new year by addressing employee financial habits after COVID, how a K-shape economy is impacting your workplace and how your retirement plan committee plays an...
Read MoreSome of you may not be aware, but October 12th is World Burpee Day. Reebok launched the first ever World Burpee Day back in 2016 to pay homage to this notoriously effective workout move that many of us have a love-hate relationship...
Read MoreWhen was the last time you reviewed your retirement plan - 5 years ago, 3 years ago? If it has been over a year, it may be time to benchmark your retirement plan, but it doesn’t have to be a chore this time around. After your...
Read MoreYour employees may have questions about one of the first decisions they will need to make – do they want to contribute to a Roth 401(k) or Traditional 401(k)? No matter how you slice it, taxes, income brackets and contribution...
Read MoreThe Eagles season opener is this month. And you know what that means…summer has come to an end and cooler months are headed our way. Some coin this time of year “Back to School” or “Pumpkin Spice” season...
Read MoreFor the millions of business owners that offer a workplace retirement plan, the COVID-19 pandemic created many financial difficulties. However, as the economic climate improves, there is an opportunity for employers to refresh their...
Read MoreHelp your employees save with a plan that fits your unique organization! Each type of retirement plan comes with its own set of features and tax advantage strategies for employees and employers. Knowing the different types of workplace...
Read MoreThe American Rescue Plan Act of 2021 became law on March 11, 2021. One of the most widely publicized benefits of the plan was the expansion of the child tax credit. The expansion of the tax credit includes an increase in the credit...
Read MoreJust ask anyone: Uncle Sam and the retirement industry love acronyms. Another was added in December 2020—PEP—which conveniently rhymes with MEP and SEP. The three plan types are 401(k) cousins[1] meaning they share many...
Read MoreWe call them “The dog days of August,” those exceptionally warm days we hit at summer’s end when we are inspired to do…nothing. Legend tells us that the reference is actually based on Astrology and the rising...
Read MorePandemic Relief May Bring Administrative Pain to Plan Administrators The CARES Act gave plan participants quick access to funds during the COVID crisis, although only about 6% of participants took advantage of the options offered.[1]...
Read MoreAs the first half of the year phases out, it’s time to focus on measuring and begin strategic planning for your retirement plan. There’s a lot of new items on the agenda this year, from the CARES Act rules for repayment of...
Read MoreWelcome to July, known for its elaborate firework displays, BBQs and flag-bearing cars and homes. Since 1776, July 4th has been celebrated as the birth of this country’s independence—our freedom. As I reflected on this idea...
Read MoreIt’s June—the first month of the summer season. Flowers are blooming and fruits and vegetables are bountiful. June is the month where it’s not yet humid but warm enough that we enjoy being outdoors. We may find...
Read MoreWhile a college education is a great investment in yourself, paying off student loans is a common burden for many. As employers look for new ways to attract and retain employees through the benefits that are being offered, one benefit...
Read MoreMay is Mental Health Awareness Month which marks the time of year to raise awareness of those living with mental or behavioral health issues, and more importantly, to reduce the stigma that surrounds it. Mental health continues to be...
Read MoreShared by: Kelton Collopy, QKA If your business sponsors a “solo 401(k)” plan, it may be in the crosshairs of the Internal Revenue Service. The Service’s TE/GE (Tax Exempt and Government Entities) division has...
Read MoreEach of your employees is unique with their own individual lifestyle path. That said, your employees need guidance to make smarter decisions about their money so they can learn not only how to save today but how to build wealth for the...
Read MoreWe are excited to welcome Q2 with the theme of Financial Wellness! This quarter, we are going to touch on some important topics that impact your bottom line and the financial health of your employees. Download the Guide
Read More30% of Americans don’t have a budget. In fact, 3 in 5 don’t know how much they spend last month, and the median household retirement account balance in America is $50,000. One if not all of these statistics could exist in...
Read MoreWe are excited to welcome Q2 with the theme of Financial Wellness! This quarter, we are going to touch on some important topics that impact your bottom line and the financial health of your employees. Download the Newsletter
Read MoreThe global pandemic has had a staggering effect on the economic lives of millions, driving them to actions that could have long-lasting effects on their retirement savings. Facing unprecedented strain caused by the COVID-19 crisis,...
Read MoreMany American workers struggled financially before the COVID-19 pandemic. Therefore, it isn’t surprising that this crisis could greatly hinder their ability to reach their retirement income goals. Indeed, more than three-quarters...
Read MoreEmployees are worried about their finances. They worry about them in the evenings, on weekends and during working hours. Plus, with the increased stress caused by the pandemic, it’s no secret your workforce could use some help....
Read MoreSpring has sprung, officially, as of March 20th. For some, thoughts drift to spring cleaning--that feel-good process of both decluttering and organizing the home or office. For others, it’s the realization that warmer weather is...
Read MoreRunning a business can be extremely time consuming. With endless decisions that need to be made, designing and implementing a retirement plan that is best for you and your employees can seem complicated and overwhelming. However, it...
Read MoreShared by: Lauren C. Stuart Source: Emerson Reid
Read MoreMarch is a long month. No days off. Winter is dwindling away, and we are anticipating the first day of Spring which, by the way, is Saturday, March 20th this year. Spring is the time of year for new beginnings, new life, and yes, new...
Read MoreI remember when I was ready to begin saving for retirement and opened an IRA for the first time. The application process was straightforward, I knew my risk tolerance/time horizon and how I wanted to invest my money. What turned out to...
Read MoreFebruary is Heart Month---not only because of Valentine’s Day and romantic gestures that make our hearts flutter. It’s Heart Health Month--the one month out of the year that we bring extra attention and focus to heart...
Read MoreShared by: Lauren C. Stuart Executive Vice President
Read MoreSo, it’s January 2021. We have all been looking forward to the new year after a tumultuous 2020. Time to start fresh. New Year. New Outlook. And it’s the traditional time when we decide to make a resolution—that...
Read MoreWhen it comes to investing, people generally think of stocks and bonds, buy low and sell high, risks vs. reward, diversification and long-term results. Amongst the basic concepts of investing, one of the most important pieces of advice...
Read MoreWell, we pushed our way through October, trotted into November, and we’ll finish off our 3-month calisthenic challenge with good old-fashioned crunches. That’s right…it’s not a holiday snack mix or a...
Read MoreWhen you begin saving for retirement, and putting money into a retirement vehicle, one of the decisions you must make is whether you want to contribute on a Roth (Post-Tax) or Traditional (Pre-Tax) basis. Both types of accounts offer...
Read MoreThanksgiving morning…known for the smell of turkey roasting in the oven, large family gatherings, football and the Turkey Trot. Yep, that’s right. For years now, runners and walkers of all ages and sizes come together as a...
Read MoreCost-of-Living-Adjustments for 2021: Changes to a Few Limits. The Social Security Administration recently announced Cost-of-Living-Adjustments (COLA) for 2021. Changes are bolded below.
Read MoreWhen it comes to wealth, there is more to it than just building it. You should have a plan in place to protect it. Ultimately, there are three major contingencies that you should have a plan for, as the result of having no plan could...
Read MoreAs a reminder, The Affordable Care Act requires insurance companies to spend at least 80% or 85% of premium dollars on medical care (cms.gov). When this threshold is not met, insurers return funds to policyholders. The reconciliation...
Read MoreOctober is here! For many of us in this business, this month marks the beginning of the fourth quarter. Which means stress. We have spent the past few months working on our emotional well-being and now we are going to return to the...
Read MoreThroughout the course of our lives, we take on change. Some change which is minor, and some change which will impact our lives forever – marriage being one of those major life events! As you prepare for a safe and successful...
Read MoreWhat a year 2020 has been so far! As the summer winds down, this could be the perfect time to decompress from all of the unfamiliar stressors we’ve had over the past several months. Are you looking for a way to clear your mind...
Read MoreTelemedicine is an important benefit that is included in many major medical insurance programs. You may have already heard about it, with more talk about it recently during the coronavirus pandemic. What is it exactly? It's care you...
Read MoreAugust is National Wellness Month. Daunting right? Just the sound of it—how can we do “wellness” in a just one month? The awareness being celebrated and honored is actually more limited than it sounds. The focus is...
Read MoreThe IRS recently announced in Revenue Procedure 2020-36 that the Affordable Care Act (“ACA”) affordability indexed amount under the Employer Shared Responsibility Payment (“ESRP”) requirements will be 9.83% for...
Read MoreLife insurance is not the type of product that people wake up every morning and think about. In fact, some may never consider it, because the urge to undergo the process of implementing a life insurance policy takes too much time, it...
Read MoreThe COVID-19 pandemic caused a major diversion to our normal way of life so far in 2020. How have your finances weathered the storm? In my recent Webinar, I - In flying, not much happens with the aircraft that wasn’t put into a...
Read MoreFor the past several months we have been dealing with an event many of us never imagined we would experience in our lifetime; a global pandemic. It seemed like overnight, our lifestyle changed dramatically. Normal daily activities were...
Read MoreI recently wrote a few blogs regarding the different types of student loans and repayment options, as well as some important things to consider when taking out loans for your education. Given the current pandemic, the CARES Act has...
Read MoreOur goal is to help you along your journey to live well. As such, we want to make sure you're aware of wellness resources available through the insurance you purchase through your work.Have a few minutes? Check out the videos we...
Read MoreIt’s officially summer! It’s warm, the sun is shining, kids are tossing out their text books and everyone is ready to just relax. Isn’t that a great feeling? Taking time to not have to think about anything? Of course,...
Read MoreWhen it comes to protection, you can get insurance for practically anything you need or want. From things such as your electronic devices and cars, to your home, health, and life, there are tons of assets that may be worthy of...
Read MoreRecent government guidance brings several changes to employer sponsored benefits plan deadlines. Included in this guidance are significant changes to the COBRA rules that are retroactive to March 1, 2020. READ FULL ARTICLE HERE The...
Read MoreYou may have heard people talking about blue light, that it affects your health and you should try to limit your exposure to it when possible. But what is it and why? In short, blue light is made up of more energy than any other light...
Read MoreAs individuals and businesses adapt to major changes due to the coronavirus and current state of our economy, Congress has provided several programs and initiatives to small businesses through The CARES Act.
Read MoreThe Coronavirus, Aid, Relief and Economic Security (CARES) Act was signed into law by President Trump on Friday. March 27th. This $2 trillion stimulus package includes a number of provisions that impact retirement plans: Distributions...
Read MoreOn March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) into law. It provides support to individuals and businesses that are trying to cope with the coronavirus...
Read MoreThe first day of Spring was officially March 20th and seeing as Punxsutawney Phil did not see his shadow thereby predicting an early onset of warmer weather, we should start preparing. One of my favorite traditions of this season is...
Read MoreAs more information is released and clarified regarding The Families First Coronavirus Response Act (FFCRA), the Department of Labor (DOL) has added several resources to its website. Visit https://www.dol.gov/agencies/whd/pandemic Here...
Read MoreThere have been A LOT of scary facts going around regarding COVID-19, but also a flurry of “positive news” items to lift our spirits. Wishing you and your family the best. Remember that our most important tool during times...
Read MoreWith the recent outbreak of the Coronavirus in China, as well as the spread of the disease into a number of countries including the United States, there has been a spark of fear and panic. The markets have taken a downturn, creating...
Read MoreMarch is National Nutrition Month — the perfect time to pay extra attention to what we eat! This educational campaign was created by the Academy of Nutrition and Dietetics and it focuses on the importance of making smart food...
Read MoreThe 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...
Read MoreFebruary, 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...
Read MoreWhat 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...
Read MoreIt’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...
Read MoreThe 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...
Read MoreIt’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...
Read MoreThe 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...
Read MoreSoon, 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...
Read MoreThe 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...
Read MoreYour 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...
Read MoreWhere 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...
Read MoreOur 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...
Read MoreDid 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...
Read MoreThe 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...
Read MoreDrink 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...
Read MoreThe 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...
Read MoreOn 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...
Read MoreThe 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...
Read MoreThe 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...
Read MoreIt’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...
Read MoreWe 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...
Read MoreOne 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...
Read MoreEffective 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...
Read MorePRESS 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
Read MoreCurrently, 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...
Read MoreIf 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...
Read MoreThe 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...
Read MoreJ. 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...
Read MoreStudent 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...
Read MoreYou 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....
Read MoreAll 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...
Read MoreAlmost 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...
Read MoreAssociation 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...
Read MoreWill 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...
Read MoreDid 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...
Read MoreFor 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...
Read MoreAs 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...
Read MoreAs 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!
Read MoreOn 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...
Read MoreWith 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...
Read MoreThis 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)...
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