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Plan Sponsors, Is it Time for a Retirement Offering Tune-Up?

Viewpoints from Jason Hamilton You should be sleeping like a baby now because you’ve nailed down your employee health benefits, even the ancillary ones. Bravo, you. But what about your retirement plan offerings? If they’re not keeping you awake, they likely are for your employees – nearly half of American households have no retirement savings. And many of the rest don’t have nearly enough saved. There’s a good reason you may have put it off. The challenges and pitfalls of managing retirement benefits are many: new legislation, fiduciary risk, and fee lawsuits, to name a few. EPIC …

https://www.epicbrokers.com/insights/retirement-plan-tuneup/

Compliance Matters Newsletter | February 2024

Let our team help you navigate the ever-changing benefits compliance landscape each month. Check out this month’s latest alerts, additional updates, and resources hot off the press: Employee Benefits Compliance Alerts This month’s Compliance Matters newsletter provides a comprehensive review of the following topics. To obtain your copy, please use the form below to download. Evolving Considerations for Gender Non-Discrimination San Francisco HCSO Top-Off Payments Due Soon Departments Provide Additional Guidance for Contraception Preventive Services 2024 State Regulation Series: Hawaii Prepaid Healthcare Act Download this month’s alerts “*” indicates required fields First Name*Last Name …

https://www.epicbrokers.com/insights/compliance-matters-newsletter-february-2024/

Invest in Employee Financial Wellbeing with Student Loan Debt Paydowns

… the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0. The SECURE Act 2.0 provides employers with the opportunity to amend their 401(k) plans to allow student loan debt repayments as an elective deferral starting on January 1, 2024. Employers can make matching contributions towards their employee’s qualified student loan repayments, whether or not the employee contributes to their 401(k) plan. For more information, check out our articles SECURE Act 2.0 – It’s About Time and 401(k) Plans, Student Loan Debt and the SECURE Act 2.0. There is another way employers …

https://www.epicbrokers.com/insights/employee-financial-wellbeing-student-loan-debt-paydowns/

Compliance Matters Newsletter | January 2024

Let our team help you navigate the ever-changing benefits compliance landscape each month. Check out this month’s latest alerts, additional updates, and resources hot off the press: Employee Benefits Compliance Alerts This month’s Compliance Matters newsletter provides a comprehensive review of the following topics. To obtain your copy, please use the form below to download. Medicare Part D Disclosure to CMS Due Soon for Calendar Year Plans §4980H Employer Mandate Requirements & Penalties Review Requirement Reminder for Summary of Benefits & Coverage (SBC) Download this month’s alerts “*” indicates required fields First Name*Last Name*Company*Job Title*Email …

https://www.epicbrokers.com/insights/compliance-matters-newsletter-january-2024/

Compliance Matters Newsletter | December 2023

Let our team help you navigate the ever-changing benefits compliance landscape each month. Check out this month’s latest alerts, additional updates, and resources – hot off the press: Employee Benefits Compliance Alerts Review of Medicare Secondary Payer Requirements Medicare Secondary Payer (MSP) rules significantly limit any differentiation in benefit offerings for individuals who are eligible for Medicare coverage and determine rules that dictate which plan is the primary payer for individuals enrolled in both Medicare and employer-sponsored coverage. When the employer’s group health plan is the primary payer to Medicare the MSP rules prohibit the group health …

https://www.epicbrokers.com/insights/compliance-matters-newsletter-december-2023/

Long-Term Care Insurance: Value-Added Benefit or New State Payroll Tax?

… an important topic that can quickly make some of the most seasoned benefits professionals feel not quite up to the task. The only other barrier is your perspective about it, and the proper education can replace fear and hesitation with clarity and a sense of empowerment. A Different Perspective on Benefits Are you ready for a discussion that has the potential to positively impact your employees’ lives long into the future? The idea of long-term care insurance requires thinking differently because it’s about a long journey for the whole family. If your employee is struggling to find resources …

https://www.epicbrokers.com/insights/long-term-care-value-add-payroll-tax/

Compliance Matters Newsletter | November 2023

Let our team help you navigate the ever-changing benefits compliance landscape each month. Check out this month’s latest alerts, additional updates, and resources – hot off the press: Employee Benefits Compliance Alerts Gag Clause Prohibition Attestation Due Soon The Consolidated Appropriations Act of 2021 (CAA) prohibits group health plans and health insurance carriers from entering into agreements with providers, third-party administrators (TPAs), or other service providers that include language that constitutes a “gag clause.” The gag clause prohibition became effective on December 27, 2020, but the gag clause prohibition compliance attestation (attestation) requirement was delayed pending the release …

https://www.epicbrokers.com/insights/compliance-matters-newsletter-november-2023/

Understanding & Addressing Social Determinants of Health (SDoH)

The workplace environment and employee benefits play no small part in an employee’s health and wellbeing. In fact, employers have the potential to play a significant role in offering their population resources and assistance to manage—and even improve—their mental, physical, financial, and emotional wellbeing. EPIC Brokers recently conducted a research study of employers to delve into their experience beyond health insurance—to understand how wellness programs are being leveraged. Read on for key findings of the survey in our recently published 2023 Trends in Workplace Wellness report. Our Trends Report shows that most employers believe wellness in …

https://www.epicbrokers.com/insights/social-determinants-health-wellbeing/