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 »

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 »

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 »

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 »

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 »

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 »

Key Elements of a Good Health Benefit Plan for Small Companies

January 31, 2020
The cost of providing health insurance for employees and their families is expected to be five percent higher this year than in 2019. The National Business Group on Health estimates that the average cost of coverage for an employee and their family will be $15,375. This is obviously bad news for... Find out more »

How To Make Safety Education Fun and Effective

January 27, 2020
It’s often a challenge to capture the attention of employees when the subject is safety. It’s not exactly the most inherently interesting subject matter. That’s why many employers have started using several new strategies. Virtual Reality Some of them, like virtual... Find out more »

Basic Steps to Avoid Discrimination in the Workplace

Workplace discrimination takes many forms, but sound policies and procedures can reduce the occurrences. The U.S. Equal Employment Opportunity Commission (EEOC) reported that in 2018 it resolved 90,558 charges of workplace discrimination and collected $505 million for victims. Retaliation was... Find out more »

Rules and Exceptions When Providing Benefits to Same Sex Couples

January 13, 2020
Employers who offer benefits to spouses must also offer them to same-sex couples though there are exceptions. The U.S. Supreme Court ruled in 2015 that the rights of same-sex couples are protected under the due process and equal protection clauses of the Fourteenth Amendment to the U.S.... Find out more »