watering money trees

Employees Need to Know About 401(k) Required Minimum Distributions

February 24, 2020
Effective January 1, 2020, your employees must withdraw at least the minimum amount from their employer-sponsored 401(k) and IRAs (Individual Retirement Accounts) by age 72. The required minimum distribution (RMD) age was formerly 70½. The RMD amount is determined by applying a life... Find out more »
graphs

When Workers’ Compensation Costs Balloon, Company Turns to a Captive Solution

Experiencing healthy growth is a great thing! Over a nine-year period, our client grew its revenue from $15 to $170 million. To keep up with the growth during this time, the company’s workforce grew significantly. A fast-growing workforce with fast-growing expenses When companies grow... Find out more »
graphs on a computer

Making the Business Case for an Insurance Captive

February 18, 2020
Most companies, including mid-sized organizations, tend to think of only one insurance model – pay an insurance company a premium for coverage and to help manage specific risks. This is a sunk cost that you may have little control over. Insurance captives provide a different model, removing... Find out more »
teamwork

Top 5 Workers’ Comp Fraud Schemes

February 14, 2020
According to the National Insurance Crime Bureau, fraud costs insurers and employers over $7 billion a year. Studies show 10 percent or more of all property/casualty insurance claims are fraudulent. The most common fraud schemes are: 1.   Fraudulent billing and billing codes. The... Find out more »
man writing on paper

How Life Insurance Works in Divorce Settlements

February 12, 2020
Of the two main types of life insurance, permanent and term, only permanent is usually a significant part of a divorce settlement. Permanent life insurance — whether whole life or universal life — provides coverage for the lifetime of the insured as long as premiums are paid, though... Find out more »
people collecting money from piggy bank

Ways to Make Saving Easier for Your Employees

February 3, 2020
Employees know they should save for retirement, but it’s not always easy. Many worry they don’t have enough money to put into retirement savings because they’re having difficulties paying bills. You can help employees save and maximize their savings. As an employer, you are... Find out more »