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Highlights of changes for 2020
Employee annual contributons will increate from $19,000 to $19,500
Employer plus employee contricnbutions will increase from $56,000 to $57,000
For Employees over the... Read More
Beginning in 2018, Illinois implemented its state-sponsored retirement program—the Illinois Secure Choice Retirement Savings Program (Secure Choice). This program offers a Roth Individual Retirement... Read More
By: Paul V. Shaheen, Vice President / Employee Benefit Solutions
As my old hockey coach once said: never forget the basics.
After nearly a decade of health care reform, and a bucket-load of... Read More
Effective Jan. 1, 2020, all employers in Illinois must provide annual employee training on workplace sexual harassment prevention. In addition, all provisions of the Illinois Human Rights Act (IHRA)... Read More
School is fully in session! As benefit consultants and advisors to all of our clients, we must help them prepare for the various medical expenses they incur not only in the fall time, but the entire... Read More
The final rule’s 2020 effective date leaves little time for employers to prepare for the changes.
The U.S. Department of Labor (DOL) announces a new final rule that updates the earnings thresholds... Read More
HIGHLIGHTS
The final rule increases the standard salary level for the EAP exemptions to $684 per week ($35,568 per year).
The final rule increases the HCE salary level to $107,432 per year.
The final... Read More
With increased consolidation in the insurance industry, we are seeing more clients move towards and ask about the advantages of using a single broker partner for both their risk management and... Read More
HIGHLIGHTS
All employers must provide annual training on sexual harassment prevention.
Nonemployees may bring workplace harassment claims.
Annual reporting mandates and contractual restrictions apply... Read More
Merger and acquisition activity continues to be healthy – both in deal size and volume. Even within our industry, we have seen a fair amount of consolidation amongst other insurance brokerages.
Our... Read More
