Healthcare

Financial Finesse and the Global Retirement Partners Advisor Alliance are two years into a program that now reaches more than 500 employers, including New York’s finest.

The DOL rule to allow employers to band together to create an association health plan has hidden obligations for employers.

Beginning in February, the credit card giant will match 200% of an employee’s contributions to the company plan, up to 5% of the individual’s salary.

The recently enacted Tax Cuts and Jobs Act made significant changes to the Internal Revenue Code, making changes affecting employer-provided retirement, welfare and fringe benefits.

The retailer is the latest employer to boost offerings in response to the tax reform bill.

Employee Benefit Adviser, in partnership with business intelligence data analytics firm miEdge, presents leading firms, ranked exclusively on health and welfare revenue. Revealed in descending order, the listing is based on Form 5500 reporting data as of Dec 11.

Long used by larger companies, advisers should be knowledgeable about how these medical stop-loss systems are now benefitting a wide range of businesses.

Employers should develop the equivalent of an independent or objective credit score for plans that serve as a tool for gauging the value of each fund.

Employers should review documents before sending them out to employees, understand plan provisions and consult advisers when needed, among other guidelines.

California Governor Jerry Brown said legal rulings may clear the way for making cuts to public pension benefits, which would go against long-standing assumptions and potentially provide financial relief to the state and its local governments.