Wealth Services
The Five Basics of Financial Literacy
How literate are you when it comes to your finances? Brush up with these five basics.
April 24, 2024
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AREAS OF EXPERTISE
Employee Benefits
Q1 Considerations: Affordability for Applicable Large Employers
Under the ACA, Applicable Large Employers (ALEs) are required to offer “affordable” medical coverage to full-time employees or be subject to a fine. In September 2023, the IRS announced that the 2024 affordability percentage would reduce from the 2023 rate of 9.12% to 8.39% as of January 1, 2024. The U.S. Department of Health and Human Services has just released the 2024 Federal Poverty Level (FPL) amounts, with an increase of 3.3%.
April 23, 2024
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Employee Benefits
Three Key Considerations for Large Employers
Early in the year is the time for employers who are approaching or over 50 employees to document and update the “key components” of being a larger employer, to ensure that no compliance obligation is missed. st of an unpublished page.
April 23, 2024
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Navigating the Medical Malpractice Insurance Cycle
The rising trend of high-profile medical malpractice cases with significant monetary awards underscores the need for physicians and others in the medical industry to protect themselves with Medical Malpractice Liability Insurance.
April 23, 2024
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Wealth Services
Weekly Market Update
Stocks fell for a third straight week, as Fed Chair Jerome Powell's mixed but upbeat message could not offset the anxiety caused by the Middle East conflict.
April 22, 2024
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Help Participants Avoid These TDF Missteps
Target date funds (TDFs) have surged in popularity, reaching record assets of $3.5 trillion in 2023, with mutual funds slightly ahead of collective investment trusts. While TDFs offer advantages like simplified investing and automatic rebalancing, participants should understand potential pitfalls like mixing funds and changing risk preferences to maximize their benefits and avoid common missteps.
April 18, 2024
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Retirement Plan Services
The Resurgence of the Automatic IRA Act
A new bill, the Automatic IRA Act of 2024, has been introduced aiming to automatically enroll workers in retirement plans for companies with over ten employees, offering potential tax credits for small businesses. This proposal expands the private pension system, providing exemptions for some employers, and includes details on contributions, lifetime income, investments, and credits.
April 16, 2024
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Weekly Market Update
Stocks fell last week as investors sorted through conflicting inflation reports and assessed geopolitical tensions.
April 15, 2024
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Financial Literacy for Kids
4 Ways To Help Your Kids Develop Good Financial Habits
April 12, 2024
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