Making a Charitable Contribution

May 29, 2020
There are benefits and limitations when you decide to donate stock. Why sell shares when you can gift them? If you have appreciated stocks in your portfolio, you might want to consider donating those shares to charity rather than selling them. Why, exactly? Donating appreciated securities to... Find out more »

IRS Releases 2021 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits

May 28, 2020
In Rev. Proc. 2020-32, the IRS released the inflation adjusted amounts for 2020 relevant to HSAs and high deductible health plans (HDHPs).  The table below summarizes those adjustments and other applicable limits.   2021... Find out more »
legal alert

Carrier Premium Credits and ERISA Fiduciary Obligations

May 18, 2020
Due to COVID-19 and state and local stay-at-home orders, utilization of group medical and dental insurance benefits is down.  As a result, some carriers recently notified employers that they will be issued premium credits. When asking how these premium credits should be treated by the employer, we... Find out more »
legal alert

IRS Relaxes Election Change, Other Rules for Cafeteria Plans and FSAs

May 13, 2020
As the country continues to feel the impact of the COVID-19 National Emergency declared by President Trump on March 13, 2020, the IRS has provided some much-needed guidance and relief for employees.  On May 12, 2020, the IRS issued Notices 2020-29 and 2020-33, which, among other things,... Find out more »
legal alert

Employer Insurance Premium Payment Grace Periods & Premiums Returned to Employers Inadvertent ERISA Issues

May 11, 2020
During this pandemic, many employers are having to curtail operations and are going through the difficult process of finding cost-saving measures because of the sudden reduction in revenue caused by the various COVID-19 related state and local government orders. Many carriers are allowing, and... Find out more »
people making a website

Alera Group Report Breaks Down COVID-19’s Impact on 10 Hard Hit Industries

May 4, 2020
Report Provides Unique Perspective from Both Property & Casualty and Employee Benefits Experts Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, today released an extensive report detailing the effects of COVID-19 on 10 sectors... Find out more »
legal alert

Agencies Extend Deadline to Pay COBRA Premiums and Certain Other ERISA and Internal Revenue Codes Due to COVID-19

April 30, 2020
The impacts of the COVID-19 National Emergency, as declared by President Trump on March 13, 2020, have been vast.  As a result, many employers and employees are struggling to meet their various filing, notice, election, or other deadlines.  In order to ease this burden on employers, plans... Find out more »
legal alert

COVID-19 and Cafeteria Plan Considerations

April 27, 2020
This legal alert was updated May 13, 2020. A cafeteria plan, or Section 125 plan, sometimes referred to as a POP plan, allows employees to pay for certain expenses on a pretax basis. Employees choose between a taxable benefit (cash, typically distributed via payroll) and two or more pre-tax... Find out more »
news

Alera Group Acquires Barkley Risk Management & Insurance

April 21, 2020
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, announced today that it has acquired Barkley Risk Management & Insurance (Barkley), effective April 1, 2020. Founded in 2000, the Barkley team serves clients throughout... Find out more »
news

Alera Group Acquires Cambridge Benefit Solutions

April 20, 2020
Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, announced today that it has acquired Cambridge Benefit Solutions, effective April 1, 2020. Cambridge Benefit Solutions, located in Chandler, Arizona, was founded in 1998 by current... Find out more »