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EPIC Insurance Brokers & Consultants Launches Dedicated Private Equity Employee Benefits Group

… prominent Private Equity (PE) firms. The specialty group has developed an industry-respected financial model that focuses on bringing efficiencies to employer programs, tracking results with comprehensive analytics, and providing leading-edge reporting to their respective PE owners. Larry Kirshner has spent the last 20 years building a highly successful benefits practice in the Northeast. Since 2019, Larry has worked directly with EPIC’s Financial Services team as the Northeast Employee Benefits Practice Leader for Private Equity and Alternative Asset Management firms, building out M&A due diligence capabilities, establishing relationships with mid-market PE firms, and growing revenue specifically …

https://www.epicbrokers.com/insights/new-private-equity-employee-benefits-group/

EPIC Employee Benefits Hosts 10th EBU Educational Seminar

EPIC Commits to Staying Connected for Clients! Employee Benefits University (EBU) 10, Coming April 24 – 26 EPIC Employee Benefits team members are gathering again for the latest and greatest iteration of our national internal education and networking event. This year we’ll be in Nashville, TN! Why Is EBU so Important? EBU is designed first and foremost to benefit our clients and their employees. The opportunity for our EPIC team to forge lasting bonds with colleagues and provide educational opportunities in a face-to-face setting has proven to be an exceptional tool in our national strategy. Our objectives are …

https://www.epicbrokers.com/insights/employee-benefits-university-10/

Compliance Alert: 2023 Federal Employee Benefits Retirement Plan Limits Are Released

… Plan Limits Comparison Edit Retirement/Savings20232022 Maximum Salary Deferral | §401(k) / §403(b) / §457$22,500$20,500 Maximum “Catch-Up” Salary Deferral (age 50 or older)$7,500$6,500 Compensation Limit | §401(a)$330,000$305,000 Maximum Defined Benefit Limit$265,000$245,000 Defined Contribution Annual Additions Limit | §415$66,000$61,000 “Key Employee Officer” Compensation Limit $215,000$200,000 “Highly Compensated Employee” Limit$150,000$135,000 Social Security Taxable Wage Base$160,200$147,000 EPIC Employee Benefits Compliance Services For further information on this or any other topics, please contact your EPIC consulting team. Learn About Our Employee Benefits Compliance Services EPIC offers this …

https://www.epicbrokers.com/insights/compliance-alert-2023-federal-employee-benefits-retirement-plan-limits/

Compliance Alert: Considerations for Domestic Partner Coverage in Employee Benefits

Quick Facts Many employers offer benefits to domestic partners and their children despite the absence of federal laws requiring such coverage. Domestic partner benefits are subject to specific taxation rules under the Internal Revenue Code (IRC). An employee covering a domestic partner or domestic partners’ child that does not qualify as a tax dependent will have imputed income in the amount of the fair market value (FMV) of coverage subject to income tax withholding. Employers should pay close attention to domestic partner rules that effect mid-year changes under IRC Section 125 and Consolidated Omnibus Budget Reconciliation Act (COBRA) coverage …

https://www.epicbrokers.com/insights/domestic-partner-coverage-considerations/

EPIC National Employee Benefits Practice Scores 88% Net Promoter Score

EPIC Employee Benefits (EB) received an 88% Net Promoter Score (NPS). Thank you to our clients who completed our survey! The NPS survey asks, on a scale of 1-10, how likely a Client is to recommend EPIC to a friend or colleague. The score reflects the percent of Promoters (those who selected 9 or 10) minus the percent of Detractors (those who selected 0-6). Passives (those who select a 7 or 8) are not included. We’re proud to report factors influencing and contributing to the favorable rating included: the overall partnership and relationship clients have with their …

https://www.epicbrokers.com/insights/epic-national-employee-benefits-practice-scores-88-net-promoter-score/

EPIC Employee Benefits Solution Group Wins Multiple Communicator Awards

… Communicator Awards competition, which honors the best digital, mobile, audio, video and social content in the industry. The Award of Excellence went to its work on an integrated Human Resources (HR) and Benefits campaign, while Awards of Distinction were given for the team’s work on a brochure, campaign and employee benefits website. “We’re excited that the incredible efforts of our C&E Team have been recognized on a national level,” said Kenneth O’Quinn, C&E creative director. “We see the benefits our clients derive from these important communications, and the recognition from The Communicator Awards reinforces the …

https://www.epicbrokers.com/insights/epic-employee-benefits-solution-group-wins-multiple-communicator-awards/

Keys to a Successful 2022 Employee Benefits Strategy Season

It’s 2022 “Strategy Season.” Not as exciting as baseball season or beach season, but it is more important to your business. The number of organizations I come across that aren’t already in the midst of planning for their employee benefits in 2022 is surprising. “Winging it” with last-minute scrambling can, and often does, result in unexpected outcomes. Viewpoints from Matt Sears When it comes to benefits, there are few key elements to consider to set everyone up for success: Know what you’re trying to accomplish; what you want your benefits “to be.” Your benefits strategy should …

https://www.epicbrokers.com/insights/keys-to-a-successful-2022-employee-benefits-strategy-season/

Employee Benefits Study Illustrates the Range of Effects from the Pandemic

… won from the vanishing commute but were more fearful of illness. Younger employees with white-collar jobs and without families may have found comfort in the stability and quiet in their apartments, though some no doubt missed the social experiences city life had previously offered. MetLife recently released its annual Employee Benefit Trends Study and discovered that more than half of employees in their twenties now expressed higher satisfaction with work-life balance than they had before the pandemic. It’s baby boomers who have seen the greatest decline in “holistic wellbeing,” which is described as including financial, physical, mental …

https://www.epicbrokers.com/insights/employee-benefits-study-illustrates-the-range-of-effects-from-the-pandemic/