Unlock Your Financial Potential

Category: Employee Benefits

  • Types of Group Healthcare Plans

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    Justin

    What Are the Differences Between Group Healthcare Plans Here’s a breakdown of the differences between Standard Group Health Care, Level-Funded Group Health Care, and ICHRA (Individual Coverage Health Reimbursement Arrangement) Group Health Care — all of which are ways employers can offer health benefits, but they differ significantly in structure, risk, flexibility, and administration. 1.…

  • Best Retirement Plans for the Self Employed

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    Justin

    Purposeful retirement planning leads to long-term financial security. For sole practitioners, contractors, the self-employed or small business owners, selecting the right retirement plan can make a significant impact on retirement preparedness. Among the options available, four common choices are the solo 401(k), Simplified Employee Pension (SEP) IRA, Savings Incentive Match Plan for Employees (aka SIMPLE…

  • Types of Retirement Plans

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    Justin

    Employer-Sponsored Retirement Plan Options In order to select the right plan for your employees, and for your organization as a whole, it’s important to know about various types of employer-sponsored and non-employer-sponsored plans, and how each of these plans differ. Employers have a variety of retirement plan offerings across several categories, including defined benefit plans,…

  • SEPs Are IRA-Based Retirement Plans that Aren’t IRAs: What You Need to Know

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    Justin

    SEPS: What You Need to Know According to the U.S. Bureau of Labor Statistics, 86% of private-sector companies with 100 or more workers and 91% of firms with 500 or more workers offered a retirement benefit plan in 2023. For small businesses—those with fewer than 100 employees, that percentage dropped to 57%. Still, there’s a desire…

  • Complete Guide on Profit Sharing Plans

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    Justin

    Can a Profit Sharing Plan help Small Business Owners? Profit sharing plans are an important part of employer-sponsored retirement strategies, often used in conjunction with 401(k) plans to offer flexible benefits to employees while helping businesses manage contributions based on profitability. This article explores what profit sharing plans are, how they function, the legal and…

  • 8 Ways a Profit Sharing Plan Differs from 401(k)

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    Justin

    What is a Profit Sharing Plan and How Does It Compare to a 401(k)? Profit sharing plans and 401(k) plans are both types of defined contribution retirement plans that help employees build long-term savings. However, they differ in structure, funding source, and participation. This article will explore profit sharing plans in detail—what they are, how…

  • The Complete Guide to Health Savings Accounts (HSAs) for 2025

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    Justin

    Best Guide for HSA Accounts in 2025 A Health Savings Account (HSA) is one of the most tax-advantaged and flexible financial tools available. Whether used for short-term medical expenses or long-term wealth building, HSAs offer unique benefits that make them a strategic part of any client’s financial plan. In this guide, we’ll explore how clients…

  • 4 Ways Level Funded Health Plans Help Manage Costs for Employers

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    Justin

    Why Level Funding? How Does It Work? Level funded plans are designed to offer employer predictability with the potential for upfront savings and a surplus refund. What’s driving the increased adoption of these plans? As health care costs continue to rise and broader economic uncertainty persists, employers are seeking more cost-effective plan designs. Enter level…

  • What is ICHRA: The Basics

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    Justin

    Super Simple ICHRA Explained What does ICHRA stand for? ICHRA stands for Individual Coverage Health Reimbursement Arrangement. It’s also commonly referred to as an ICHRA plan. What is an ICHRA? An ICHRA is a type of account-based healthcare plan that allows employers to reimburse employees for individual health insurance premiums and qualified medical expenses tax-free. …

  • CMS Compliance for Small Businesses using ICHRA

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    Justin

    ICHRA: So, what’s the big deal with affordability? When designing your ICHRA, it’s important to understand if your reimbursement amount is considered “affordable” or “unaffordable” to your employees. Here’s why: What does “affordability” mean? Why is it important? Smaller employers are not subject to this requirement, but will want to understand how affordability impacts employee…

  • Does an ICHRA comply with ERISA?

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    Justin

    ICHRA Rules ICHRA gives employers an incredible ability to design and customize a plan that’s tailor-made for their organization. We’ll cover some of the key ICHRA rules and ICHRA requirements in this section and dive-deeper on key topics (like ICHRA employee classes and ICHRA affordability) in later sections. A key principal to keep in mind…

  • 2025 New ICHRA Guidelines for Small Businesses

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    Justin

    This is a demo article excerpt.

  • Best ICHRA vs. Group Plan Comparison

    Best ICHRA vs. Group Plan Comparison

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    Justin

    This is a demo article excerpt.