News

On April 17, 2025, the U.S. Supreme Court ruled that a group of employees may challenge their employer’s fee arrangement with a retirement plan service provider under the Employee Retirement Income Security Act (ERISA). In its unanimous decision, the Supreme Court took an employee-friendly view of statutory text and simplified the requirements for alleging a…

Generation Z (Gen Z) accounts for a growing percentage of the global workforce. In the second quarter of 2024, this group comprised 18% of the U.S. labor force, and this rate will only continue to grow. These individuals, born between 1997 and 2012, range from 13 to 28 years old, making up nearly all of…

1. Since you have been in an ESOP for a while now, what would you tell new ESOP employees? Don’t get discouraged while waiting for your first ESOP Statement.  I waited almost 2 years before seeing the value of my ESOP shares (I was hired in August) but once I saw the number of shares…

Mental health benefits are valuable resources that many employers offer. These resources can help you manage stress, anxiety and other mental health concerns. However, 1 in 4 employees are unaware whether their organization offers mental health benefits. This means that you may not be fully aware of what mental health benefits are included in your…

1. What do you like most about your role? I really enjoy helping people in general, and in Claims, that can be in many different ways. Nothing makes me happier than to help resolve a troublesome claim for a client, or to be a listening ear for a frustrating situation. Knowing I am building report…

1. What do you like most about your role? I enjoy being involved in so many different areas including employee engagement and recognition, client relationships and education, and assisting with new connections for our organization. 2. How do you think being in an ESOP affects work culture? We just had a powerful 3rd quarter all…

The IRS has issued Notice 2025-15 providing guidance on the alternative manner of furnishing statements to covered individuals and full-time employees, using Forms 1095-B and 1095-C, in accordance with the Affordable Care Act’s (ACA) reporting requirements. Background The Paperwork Burden Reduction Act, enacted at the end of 2024 and applicable to 2025 reporting deadlines, provides…

1. What do you like most about your role?   Ultimately, helping people. Whether it’s at the employer or employee level, our goal is to make the group benefits process as easy to understand and navigate as possible. 2. How do you think being in an ESOP affects work culture? The culture here is one…

1. What do you like most about your role?   I love having a mix of both retention and sales. Some days allow for me to be in the office, while others I am out in front of clients and prospects. Having the combination fits my personality.  I have a great group of clients right…

Health care costs are projected to increase substantially in 2025.  Estimates show a similar growth in spending to 2024, marking  multiple years of compounding costs.  Several industry surveys and reports reveal  that employers anticipate health care costs to grow between 7% and 8% in 2025.  Here are seven key factors impacting rising health care costs  this year: …