For many employees, the paycheck represents the sum total of how their employer compensates them. But in many cases, that’s not the complete picture. From the employer’s perspective, the benefits package offered to their workers may be quite substantial, but…
Tag: Employee Benefits
The Reschini Benefits Blog: Total Compensation Statements
The Reschini Blog: Workers’ Comp and the Pandemic
Believe it or not, 2020 may not have been such a bad year for workers’ compensation insurers and insureds after all. The National Council on Compensation Insurance (NCCI) looked at results through the third quarter of 2020 and extended those…
Benefits Blog: Are you an ALE?
The definition of what constitutes an “applicable large employer,” or ALE, can have a significant impact on how that enterprise must arrange for and cover the cost of health care coverage. Be sure you know whether your organization qualifies as…
Benefits Blog: Technology-Based Enrollment
Open Enrollment generates enormous work for companies and some confusion and stress for workers hoping that their benefits choices for the coming year are the best ones for them and their families. Technology-based enrollment, however, can alleviate a sizeable portion…
Benefits Blog: Tips for a Successful Open Enrollment
Once a year, the floodgates fly open and a benefits bonanza begins. It’s Open Enrollment, a slice of time when employers make benefits packages available to employees, who must then sift through options on the way to selecting the best…
Report Card: Filing the Form 5500 Annual Return
Data drives decisions. Data reveals trends. Data is the lifeblood of business and government. And data provides the underpinning of one of an employer’s most important documents each year – the Form 5500 Annual Return/Report of Employee Benefits Plan. This…
Touchpoint: Preparing a Summary Plan Description (SPD)
Benefits packages represent a two-edged sword – they’re incredibly important in providing for and protecting yourself and your family, while they also can be rather challenging to read and fully understand. That’s why the U.S. Department of Labor requires employers…
Striking a Balance: Is a Section 125 Cafeteria Benefits Plan Right for You?
Balancing an employer’s desire to provide benefits with an employee’s need to secure them can be a challenge. Factor in cost, tax obligations, and other variables, and the task becomes more daunting. Enter Section 125 plans, more commonly known as…
Clear and Credible: Developing a Benefits Communication Program
Employee benefits represent roughly a third of the typical individual’s total compensation package, so it’s in everyone’s interest that the terms, guidelines, and options inherent in those benefits are communicated clearly and with credibility. That’s the rationale for developing a…
Clearing the Air: The Value of Smoking Cessation Programs
Many employers may not realize the full cost that employee smoking incurs to their company. Smokers are much more likely to develop serious chronic medical conditions, visit the doctor more often, be absent from work with an illness, or have…