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...
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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...
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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...
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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...
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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...
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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...
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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...
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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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
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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...
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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...
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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...
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...
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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...
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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....
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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!
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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...
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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...
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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)...
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