Posts in tag

employee benefits


OnPoint claims that 80% of companies unknowingly spend on employee benefits. MILL BAY – Tyler Hoffmandirector of On-Point Inc Benefits., thinks it can save business owners up to 18% on their benefits programs. How? ‘Or’ What? It starts with an assessment of their clients’ current plan. OnPoint has discovered something they call “wasting,” which drives …

VBA will participate in the new digital platform and WEBSURANCE Trust of HBS PITTSBURGH – December 14, 2021 – (Newswire.com) Vision Benefits of America, Inc. (VBA), a commercial employee benefits organization, today announced its participation in WEBSURANCE, a fully insured health and wellness benefits trust. “The WEBSURANCE platform offers unmatched quote, case submission and plan …

FORT WORTH, Texas, 20 October 2021 / PRNewswire / – Financial Benefit Services (FBS), an independent employee benefits company in Richardson, Texas, specializing in the public school market, has joined Higginbotham, an independent insurance and financial services company with offices in 10 states and ranked among the largest brokers in the United States Higginbotham is …

The idea of ​​an employer providing additional financial support from preconception to fertility, and then back to work and parenthood is gaining popularity. (Photo: Shutterstock) An employer-sponsored fertility benefit was once considered a luxury. More than ever, it is an essential part of a company’s HR toolbox. Employers in a wide range of economic sectors …

Employers, insurers and benefit plan vendors are all impacted by new guidance issued by the Department of Labor (DOL) and the Internal Revenue Service (IRS) aimed at mitigating the disruptive effect of COVID-19. The guidance was issued on April 28, 2020. In a related step, the DOL also issued new Model COBRA notices on May …

The Internal Revenue Code (the Code) and the Employee Retirement Income Security Act (ERISA) set forth numerous disclosure, notice and election requirements for employee benefit plans. These communications can involve thousands of pages per year, per participant, and be very expensive if they must be printed on paper and mailed. Few participants really want all …

The American Institute of CPAs has published a Q&A series to help auditors of benefit plan financial statements deal with this complex area and a revised auditing standard. AICPA Industry FAQs on Employee Benefit Plans with Sample Auditor Reports for the Initial Year of Implementation of SAS # 136, as amended, provides non-authoritative guidance on …

Opinions expressed by Contractor the contributors are theirs. Benefit plans are by their very nature decentralized. Certain aspects of the plan may be contracted out to third party service organizations specializing in accounting and investment record keeping functions. Paradoxically, however, companies take full responsibility for the integrity of all aspects of their benefit plan, including …

The American Institute of Certified Public Accountants (AICPA) released a new auditing standard for employee benefit plans in July 2019. The new standard is commonly referred to as SAS 136, but its official name is Statement on Auditing Standards (SAS) No. 136, Forming an opinion and report on the financial statements of employee benefit plans …

In accordance with emergency powers granted in the wake of the COVID-19 pandemic, the IRS and DOL have extended a number of deadlines related to benefit plans and granted further relief to members and sponsors. of diets. The Jones Walker of May 22, 2020, Employee Benefits Client Alert, provided a summary of the guidelines. On …

On February 26, 2021, the Employee Benefits Security Administration (EBSA) of the Department of Labor issued Notice 2021-01 (the “Notice”). The notice was issued jointly with the Department of the Treasury, the Internal Revenue Service and the Department of Health and Human Services (the “Departments”). Entitled “Advice on Maintaining Relief for Employee Benefit Plans and …

Thursday, February 18, 2021 A series of recent laws and IRS guidelines promise to make 2021 an active year for any employer looking to offer their employees a competitive range of benefits. My list of the “Top 5” employee benefits that an employer should introduce or improve in 2021, to improve retention and / or …

A series of recent laws and IRS guidelines promise to make 2021 an active year for any employer looking to offer their employees a competitive range of benefits. My list of the “Top 5” benefits that an employer should introduce or improve in 2021, to improve retention and / or recruitment, is presented below: Repayment …

DALLAS – (COMMERCIAL THREAD) – Generational Equity, a leading M&A advisor for private companies, is pleased to announce the sale of its client, Plan Benefit Services, Inc. to the HILB group. The acquisition closed on December 8, 2020 and details were not disclosed. Plan Benefit Services, Inc. (PBS) is an employee benefits consulting, management and …

RICHMOND, Virginia., December 18, 2020 / PRNewswire / – The Hilb Group, LLC (“THG”) today announced that it has acquired Caroline from the southPlan Benefit Services, Inc. (“PBSI”). The transaction became effective on December 1, 2020. Plan Benefit Services, Inc. is an independently owned and operated employee benefits consulting, management and brokerage company since 1986. …

PHILADELPHIA CREAM – (COMMERCIAL THREAD) – Reliance Standard Life Insurance Company (Reliance Standard), a leading group insurance company specializing in employee benefit solutions for businesses of all sizes, launched RSL Complete®, a dental benefits plan and Integrated visuals for employers with 10 or more employees. To help families familiarize themselves with preventative and routine dental …

The United States Department of Labor’s Employee Benefits Security Administration and the IRS recently issued the following coordinated guidelines providing additional relief to benefit plan sponsors, trustees, participants and beneficiaries who must overcome challenges related to employment. compliance with administrative requirements and deadlines under ERISA due to the COVID-19 outbreak and quarantine measures: EBSA Disaster …

In response to the COVID-19 pandemic, the IRS extended certain deadlines affecting employee benefit plans, including the deadline for filing Form 5500 for plan years ending September to November 2019 The new deadline, announced in Notice 2020-23, is July 15, 2020. Separately, the US Department of Labor (DOL) is extending the Employee Retirement Income Security …

NEW YORK (PRWEB) January 06, 2020 NFP, a leading insurance broker and consultant providing property and casualty (P&C) solutions, employee benefits, retirement solutions and individual solutions, today announced the acquisition of Elective Benefit Services, Inc. (Advantage of your choice) in a transaction that closed on June 12, 2019. Choice of service, based on Waterloo, Ontario, …

For the good business owner, a defined benefit plan can be the path to a very comfortable retirement. The problem is that far too few business owners are aware of the tax and retirement benefits associated with a defined benefit plan. According to CNN Money, the number of companies with defined benefit plans is only …

SAN FRANCISCO, May 2, 2019 / PRNewswire / – Light on health, the most efficient and compelling quote, underwrite and proposal platform for the employee benefits industry, today announced a unique integration with the global financial services provider, the Principal Financial Group® to streamline the quoting, underwriting and renewal processes for insurance plan membership and …

Shelley Hughes has been named HUB International’s newest employee benefits consultant. Ranked among the top 10 global brokers, HUB International offers a wide range of property, risk management, high personal net worth, and investing and wealth management products across North America. Prior to joining HUB, Shelley was a consultant for a large national brokerage house …

What is a defined benefit plan? A defined benefit plan is an employer-sponsored pension plan in which employee benefits are calculated using a formula that takes into account several factors, such as length of employment and history. salaries.The firm is responsible for the investment and risk management of the plan and will typically hire an …

CHARLOTTE, North Carolina – (COMMERCIAL THREAD) – AmWINS Group, Inc. (“AmWINS”), a global distributor of specialty insurance products and services, today announced the acquisition of Group Benefit Services, Inc. and GBS Payroll Plus, Inc. ( collectively, Group Benefit Services, or “GBS”), one of the largest and most respected third-party employee benefits administrators in the Mid-Atlantic …