9 Employee Handbook Essentials
There are so many things that are essential to the employee handbook that it can be tough to know where to even start. We’ve got you covered. Below are 9 key components that every good employee handbook should include. 1. Introductory Statement This statement introduces the handbook, describes the purpose of it, and includes the […]
5 Reasons To Hire the Right Financial Advisor For Your Retirement Plan
As an organization offering a retirement plan to their employees, plan sponsors are faced with decisions that can affect the entire organization. The plan design, investment line-up, and who the recordkeeper will be are typical for all plans. Beyond these standard decisions, there is the issue of knowing and understanding the ERISA laws that govern […]
30 Years and 30 Reasons to Choose Innovative
When it comes to benefits planning, there are a ton of choices out there. And, we believe we’re the most innovative company you’ll find. After 30 years, here are 30 good reasons our clients choose to work with us: 1. We put people first 2. We are an advocate for our clients 3. We do […]
Innovative Myth Series #9: When Transferring Service Providers, There Are No Pitfalls. Part 1-Protected Benefits
A new client engaged Innovative to transfer their current plan to a new service provider. During the course of our detailed review, we discovered that certain employees had annuity contracts with death benefits that exceeded the value of their plan investments. If the client executed the transfer, these participants would have lost those benefits, which […]
Flu Season: Myths vs. Facts
Flu season is quickly approaching. The Centers for Disease Control and Prevention (CDC) recommends that those aged 6 months and older receive the flu vaccine by the end of October. Getting a flu vaccine is the first and most important step in protecting against the flu. There are many misconceptions about the seasonal flu vaccines. […]
August 2019 Compliance Recap
August was a relatively quiet month in the employee benefits world. The Department of Labor (DOL) issued its updated Medicaid / CHIP Model Notice. The Centers for Medicare and Medicaid Services (CMS) revised its Medicare Secondary Payer User Guide and changed reporting requirements regarding prescription drug coverage beginning January 1, 2020. The Treasury, DOL, and […]
