How to Prepare for Retirement – Beyond Saving Money

February 25, 2019
It’s never too soon — or too late — to plan for retirement and to take positive steps for saving money More than three out of five 65-year-olds are expected to reach age 80, according to the Social Security Administration — an increase of almost 50 percent from 50 years... Find out more »

Trending: New “Instant” Payroll App

Even employees who save money can run into a bit of financial trouble. A new payroll option might make their lives easier. ADP, Daily Pay, Kronos, Even and other online payroll administrators now give employers the option of offering their hourly employees access to their paychecks for work... Find out more »

Why Generics are Good for Your Pocketbook (and Health Insurance Premiums)

February 22, 2019
When available, generic drug substitutes generally save about 30 percent. Generic medications have been hailed as a great way to save money on prescriptions and control escalating health insurance premiums. Generics usually cost substantially less than name-brand drugs, but be aware that... Find out more »

Benefit Planning Strategies for 2019-2020

February 21, 2019
Although employer-sponsored group health benefit open enrollment is behind us, it’s not too early to start looking at what strategies will be in favor in 2019 to curb costs. The Society for Human Resource Management (SHRM) reports that group health benefits are expected to approach $15,000... Find out more »

Alera Group Acquires Broad Reach Benefits, LLC

February 12, 2019
DEERFIELD, IL  — Alera Group, a leading national insurance firm, today announced that it has acquired Broad Reach Benefits, LLC, effective February 1, 2019. Terms of the transaction were not announced. Broad Reach Benefits, headquartered in Madison, New Jersey, offers a wide range of... Find out more »

New AHP Resources Now Available

January 28, 2019
Employers interested in forming Association Health Plans (AHP) to purchase health care benefits for their employees have a resource to help with federal regulations and guidelines. The U.S. Department of Labor (DOL) added compliance assistance information to its Employer.gov website:... Find out more »

Alera Group Acquires The Avon-Dixon Insurance Agency

January 7, 2019
DEERFIELD, IL (January 7, 2019) — Alera Group, a leading national insurance firm, today announced that it has acquired The Avon-Dixon Insurance Agency, LLC, from Shore Bancshares, Inc., effective December 31, 2018. The Avon-Dixon Insurance Agency, headquartered in Easton, Maryland, is a... Find out more »

How to Maximize 401(k) Limits and Savings Strategies

Your employees will be able to save more money in their 401(k) retirement accounts this year. The big question, though, is should they save the annual maximum?   New Contribution Cap For employer match accounts, the Internal Revenue Service raised the annual contribution cap for... Find out more »

A Simple Way for Small Employers to Assist Employees with Buying Health Insurance

December 18, 2018
Are you having difficulty finding a good, affordable health care benefit plan for your small business? If so, have you considered using a QSEHRA as an alternative? Congress created the QSEHRA, or Qualified Small Employer Health Reimbursement Arrangement, in 2016 as part of the 21st Century Cures... Find out more »

Does Sick Pay do What it’s Supposed to do? The Case For and Against

December 11, 2018
Studies show sick pay can reduce the spread of disease in the workplace, but also increase absenteeism. Sick leave allows employees to take a set amount of paid time off when they’re ill. It’s a coveted employee benefit, but some observers wonder if it encourages absenteeism, while others... Find out more »