Your BusinessAlmost all employees who participate in one-on-one benefits counseling sessions during enrollment say they have a greater understanding of their employer-sponsored benefits.
RolandCriss Chief Executive Officer Ron Hagan discusses how the Labor Department's final version of its rules under 408(b)(2) under ERISA will change the business and if businesses will comply in time.
Big shifts may be coming in how retirement plans are managed after the the Labor Department Thursday announced the final version of its rules under Section 408(b)(2) of ERISA, which require broker dealers disclose their services and fees to plan sponsors for individual plans.
Janet Trautwein, CEO of the National Association of Health Underwriters, shares the most important thing agents, brokers should do while preparing for their future. Trautwein also shares good ideas she's hearing from each Republican presidential candidate.
The U.S. Labor Department has removed a controversial part of its proposed 401(k) fee disclosure rule that would have required retirement plan providers to create a summary document, or "roadmap," of all their fees for employers.
Employer-sponsored plans especially 401(k)s help employees at the lower end of the wage scale to save.
The House of Representatives voted Wednesday to officially repeal the CLASS Act, the long-term care provision of the Patient Protection and Affordable Care Act.
Do your clients have a process in place to comply with the laws that regulate their health plans? If the answer is no, then by default your compliance strategy recommendation to them is “keep your head down and hope you don’t get caught.” While this approach may actually be appealing to some overworked HR Managers, others in the organization, such as the CFO or CEO, may not be happy if they discover that federal law is
We’ve all seen the research data documenting the positive effects that benefits have on employee morale. However, in today’s age of shrinking benefits and rising premiums, employees are likely missing the forest for the trees. During last year’s open enrollment, most employers likely had to raise their employee cost-share, increase their medical deductible, offer a new CDHP or all of the above. Employees can perceive these types of changes as takeaways and/or benefit reductions, resulting in
Employee assistance programs provide employees with support when they need it - from helping them through relationship difficulties to coordinating treatment for substance abuse. And while 69% of employers offer EAPs through external organizations, the potential still exists for them to be caught in legal entanglements. What are employers' potential liabilities and what can advisers do to help them mitigate risks?
Many of us are growing tired of the colder weather just as we grow weary of the grind of health care reform updates and downdrafts. And all of us are ready for the economy to improve in a meaningful and sustained manner. In some respects it is our winter of discontent. Not to mix literary references, but it is the best of times and it is the worst of times. Which will it be for you? That depends on whether your glass is half empty or half full. And it depends on whether you have a plan to succeed.
A couple of years ago Kris Allison was running Burnham Benefits Insurance Services, a well established employee benefits brokerage that offered a respectable level of financial services. Darin Gibson was managing a rising financial services firm with a decent book of benefits business. Today their companies, now Burnham Benefits and Burnham Gibson Financial Group, are a united team with one-stop shopping for their growing client base in Irvine, Calif., and satellite offices across the U.S.
The theme of this month's issue is strategic partnerships. It's one of my favorite issues of the year, and not just because the nerd in me enjoys the way exploring the importance of finding the right partner ties into Valentine's Day.
Offering a retirement plan can be one of the most challenging - yet rewarding - decisions an employer can make. The employees participating in the plan, their beneficiaries, and the employer all may benefit when a retirement plan is in place. Administering a plan and managing its assets, however, requires certain actions and involves specific responsibilities governed by the Employee Retirement Income Security Act.
This month we discuss the use of article writing in your marketing and positioning yourself as an expert in your industry. Like video, the more written material you get out on the Web, the more links will be displayed when a prospect Googles you. When prospects discover articles authored by you they immediately begin to perceive you as an expert and want to do business with you. There are several different types of article writing available to you. These include: newsletters, e-zine articles, blogs, white papers, online publications and offline printed publications.