Start Reviewing Your 401(k) Plan for 2015

It’s that time of year again when employers should be reviewing service providers and benefit plans for the New Year. One that should not be overlooked is your 401(k) plan. Employers that offer a 401(k) plan have a fiduciary responsibility to ensure their company-sponsored plans have reasonable fees and expenses. With that said, here are…

Summertime savings with a Dependent Care FSA

It’s summertime! Children are out of school and ready to go to camp. Want to know an easy way to save some money? A Dependent Care Flexible Spending Account (FSA) is a great way to lower taxable income and pay for childcare or day camp during the summer. If you are paying for childcare and not enrolled…

Updated COBRA Notices Highlight ACA Coverage

Workers eligible for COBRA continuation coverage when leaving a job may now choose to purchase coverage through the Affordable Care Act’s (ACA) Health Insurance Marketplace. To ensure workers are aware of these changes, the Department of Labor (DOL) has released new forms with updated language. The Department of Health and Human Services (HHS) was concerned…

5 Common Misconceptions About COBRA

Consolidated Omnibus Budget Reconciliation Act or as most people refer to it as COBRA, is an important function for all employers who offer health insurance for benefit qualifying employees. Staying compliant with COBRA requirements can be a lot of work and if not handled correctly, can result in hefty fines and penalties. Here are the…

Health Care Savings- Go Ahead. Take It.

Health care, thanks to the Patient Protection and Affordable Care Act, has been quite the hot topic. Managing employee benefits and their associated costs, has never been more important. Employers and employees should be careful not to leave any money on the table when it comes to tax savings. Flexible spending arrangements, or FSAs, have…