Author: carolinem

A cost-effective alternative to group health insurance ICHRA gives employees greater choice and lowers costs for employers Many small to medium-sized employers feel that offering traditional group health insurance to their employees is beyond their reach. But one of the few bright spots of 2020 was the implementation of ICHRA, which stands for Individual Coverage… Read more »

Change is everywhere. Gallup reports the number of people working at home has at least doubled, probably tripled. Microsoft, Google, and other employers are just a few of those embracing the change. People anticipate higher office vacancy rates, less business travel, higher spending on home remote office equipment. What will K-12 and higher education look… Read more »

An employer association offers high-quality 401(k) benefits at cost Good employees deserve great benefits—especially in today’s unsettled environment. And offering a rich employee benefits package is one of the best ways to attract and retain quality employees. But for small and medium-sized companies, finding high-quality, affordable benefits can be difficult. It seems like the best… Read more »

If you are part of a small or medium-sized business, you know how challenging it is to provide and administer a comprehensive best-in-class benefits program to your employees. The employer member association turns the challenge into an opportunity to offer great benefits to your employees, reduce cost and liability, and improve employee retention! If you… Read more »

The Employee Retirement Income Security Act (ERISA) sets standards of conduct for fiduciaries who participate in the management of a 401K Plan and its assets. Failure to fulfill fiduciary responsibility could result in personal liability for restoring any losses to the plan or any profits made through improper use of the plan’s assets resulting from… Read more »

Why are retirement savings and plans that are so important to so many people, so hard to find? Retirement savings and plans are highly valued. The MetLife 2018 Benefit Trends Survey found “saving for retirement is a priority for me” (74%), employees want more retirement options from their employer (70%), employees would be willing to… Read more »

What is wrong with having a 401k Insurance Group Annuity Contract based Retirement Plan? Sorry to say, pretty much everything. (If you are working with an Insurance company for your 401k you have one of these.) Administrative fees are higher and there are more of them. At least the administrative fees are reported to you.… Read more »