Small Employers Ask about Form 5500 | PA Benefit Advisors

UBA’s compliance team leverages the collective expertise of its independent partner firms to advise 36,000 employers and their 5 million employees. Lately, a common question from employers is: If a health and welfare benefit plan has fewer than 100 participants, then does it need to file a Form 5500?If a plan is self-funded and uses … Continued

Flex Work: Advantages in the New Workforce | PA Benefit Advisors

Flex Work. No doubt you’ve heard this term (or some variation) floating around the last decade or so, but what exactly does it mean? Flexible work can vary by definition depending on who you ask, but one thing is for sure, it’s here to stay and changing the way we view the workforce. According to … Continued

Discovery for Health and Welfare Benefit Plans: Required ERISA Reporting—Form 5500 | PA Benefit Consultants

Most companies are fully aware of Form 5500 reporting requirements related to their 401(k) plans, but are less familiar with the Form 5500 reporting requirements for their health and welfare benefit plans.Requirements: Most employer-sponsored health and welfare benefit plans, including, but not limited to, group health, dental, vision, life insurance, disability insurance, voluntary worksite benefits … Continued

Employee Benefit Trends of 2017 | PA Benefit Advisors

Customization of benefits is becoming more popular.  The process of personalizing employee benefits allows for individuals to choose from an array of options, and increases employee satisfaction.

Who Are You Benchmarking Your Health Plan Against? | PA Benefit Advisors

Many employers benchmark their health plan against carrier provided national data. While that is a good place to start, regional cost averages vary, making it essential to benchmark both nationally and regionally—as well as state by state. For example, a significant difference exists between the cost to insure an employee in the Northeast versus the … Continued

 

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