Benefits Think

Unwinding from a professional employer organization relationship takes a significant amount of planning and organization as well as a keen understanding of what a company might endure during the transition period.

The due dates for filing with the IRS remain unchanged for now, but advisers and clients must monitor developments that may repeal or modify rules.

The DOL recently said it will scrap the agency’s previous six-factor test for unpaid interns and instead utilize the “primary beneficiary” test.

Employers and advisers must pay close attention to the details of, and thoroughly document, the process it follows in selecting or changing a TPA.

Advisers and employers must fine-tune their health benefit strategies to address the specific requirements of the largest workforce generation.

The CVS-Aetna deal, for example, would have the potential to take over costly, and previously difficult-to-control, primary care costs.

Machine learning allows human resources professionals to deemphasize tedious aspects of the job while allowing them to pull a greater amount of insight from the results.

As group purchasing coalitions become more popular, they are increasingly susceptive to mismanagement due to low volume, lack of risk control and poor adviser experience.

More employers will stretch matching contributions, include HSA information in education sessions and incorporate behavioral economics/finance elements in plan design.

Put together a multidimensional strategy, including the financial resources and human capital that will be required to achieve personal and company objectives.