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Category Archives: Employee Benefits

Creating a Culture of Communication through ERISA Compliance

There’s a saying that every entity has a culture.  You can either create the culture you want, or you can do nothing and your culture will be created for you.  Yes, there are federal and state laws governing the benefits we must provide and the notifications we must present to our employees explaining their benefits, but the way we present them can define us. [read more...]

March 18th, 2015 • 0 Comments

TaxFreePremiums your Section 125 Premium Only Plan (POP) Provider

Every penny counts when you’re running a business, so why would you want to pay your attorney to create a Section 125 POP Plan document that you can generate in just a few minutes? [read more...]

December 24th, 2014 • 0 Comments

ERISA & SPD Wrap or Summary Plan Description Wrap Documents

Recently we joined forces with a company to assist in additional forms of compliance.  These compliance issues fall directly in line with the rumors of the ERISA DOL Audits.  HR Service Inc and ERISA Solutions are those companies.  The professional atmosphere, experienced employees, and customer service oriented environment is appealing; yet the powerful and user-friendly tools/documents they offer is what swayed the decision.  For more information on how to pass an ERISA Compliance Audit watch this presentation:  http://j.mp/ErisaAuditSpdWrapDemo [read more...]

November 17th, 2014 • 0 Comments

Proposed Changes to Cafeteria Premium Only Plan Elections & Look-Back Period


November 12th, 2014 • 0 Comments

Use Your Section 125 Plan as a Recruiting Tool

Benefits matter a great deal when it comes to recruiting and retaining quality candidates yet many companies don’t use that to their advantage. They’ll spend a fortune on all their offerings but fail to highlight it in their recruiting material and even worse make it too hard for employees to take advantage of the benefits once they do come on board. Maybe it’s the Affordable Care Act or more of the healthcare costs being passed on to the employees but regardless, workers are ranking a good benefits package as high as a competitive salary. [read more...]

September 22nd, 2014 • 0 Comments

Your Cafeteria Plan and Disability Benefits

A Section 125 Cafeteria Plan is a great way for employers to offer benefits that it could not otherwise afford to provide.  Because the benefits are offered on a pre-tax basis, the premiums essentially cost the employee less than they would if s/he were purchasing this benefit on his or her own with after-tax dollars. [read more...]

July 7th, 2014 • 0 Comments

Small Business and Benefits

Being a small business owner, you are always on the lookout for an advantage, whether cutting costs or expanding services you want ways to ensure stating power and keep cash flowing. One of your more pressing needs is to be certain that you are competitive when it comes to getting and keeping good workforce. Knowing what benefits you need to offer and what benefits you have the option of offering is absolutely necessary because you would like to be sure that you are always obeying the law while you take full advantage of these benefits as part of employee retention. [read more...]

June 23rd, 2014 • 0 Comments

3 Benefits of HSAs

Your employer knows that, generally, HSAs can be a good thing for employees, but what does it do for the business? Here are three things you can say that will help them pull the trigger and get it set up for you. [read more...]

June 20th, 2014 • 0 Comments

Non-Discrimination Rule Changes in 2012

The non-discrimination rule that applies to some benefit plans will increase its impact once final regulations are released.  The 105(h) rules prohibited employers with self-funded plans from creating a benefit package that shows preference to some individuals over others. The IRS will include fully funded plans in this requirement once the regulatory guidance is released. [read more...]

March 8th, 2012 • 0 Comments

Healthcare Backlash: Should Businesses Drop Their Sponsored Healthcare Plans?

Last week, we talked about how some businesses are considering discontinuing their healthcare plans because of the Affordable Healthcare Act (AHCA). Would this decision benefit businesses or their employees? [read more...]

February 14th, 2012 • 0 Comments