How New DOL Cybersecurity Guidelines Affect Plan Sponsors

Category: Events

How New DOL Cybersecurity Guidelines Affect Plan Sponsors

Posted On: November 19, 2021 | Categorized as: Events

The Department of Labor recently issued its first cybersecurity guidelines for plan sponsors, plan fiduciaries, record keepers, plan participants, and beneficiaries. According to the DOL, trillions of dollars in assets in more than 140 million retirement plans across the country could be vulnerable to cybersecurity threats. The department says that the Employee Retirement Income Security Act of 1974 (ERISA) requires plan fiduciaries to take appropriate precautions to minimize the risk of cyberattacks. These guidelines outline the department’s minimum expectations on cybersecurity for ERISA-covered plans.Which Organizations Are Affected?Companies and organizations of any size that provide ERISA-covered plans with retirement or health & welfare benefits are expected to follow the guidelines. Plan sponsors and fiduciaries must strive to protect plan asset data and participants’ personally identifiable information (PII). Not all security threats can be prevented and eliminated, but the DOL does expect companies to take reasonable steps to mitigate those risks.Why Are…

WEBINAR: Employer Vaccination Strategies & Requirements

Posted On: October 11, 2021 | Categorized as: Events

Employer Vaccination Strategies & Requirements Innovative Benefit Planning is happy to provide you with critical updates on President Biden’s recently announced new vaccination requirements, employer vaccination strategies, and best practices for handling the mandate and benefit surcharge issues. We invite you to join us on October 21st at 10:00am EDT where our partner and expert Rhonda Hollier of HR Service will join us live to provide an informative legal update, discuss how this impacts employers, as well as answer the frequently asked questions we get from employers. Discussion includes: • New Biden Vaccination Requirements • COVID Vaccinations – making them mandatory or not? • EEOC Guidance on Vaccine Incentive • FAQ about Biden's Vaccination Requirements • Live Q&A When: October 21, 2021 at 10:00am Duration: 60 Minutes (includes live Q&A) Register Now

July 2021 Compliance Recap

Posted On: August 9, 2021 | Categorized as: Events

July 2021 Compliance Recap July 2021 was a quiet month in the benefits industry, largely due to the summer vacation season and the July 4th Independence Day holiday. Importantly, however, the U.S. Departments of Health and Human Services, Labor, and Treasury, along with the Office of Personnel Management (collectively, the “Departments”), issued an interim final rule (IFR) to explain provisions of the No Surprises Act (the Act) that passed as part of sweeping COVID-19 relief legislation signed in December 2020. Additionally, the Internal Revenue Service (IRS) released Notice 2021-46 (Notice) to clarify lingering questions employer plan sponsors and other interested parties have been asking since the American Rescue Plan Act of 2021 (ARPA) became law in March 2020. No Surprises Act Interim Final Rule Under the Act, group health plans, or health insurance issuers offering group or individual health insurance coverage, that provide or cover any benefits for services in…

Innovative’s 2nd Annual Well-Being @ Work Summit

Posted On: September 21, 2020 | Categorized as: Events, Workplace Wellness

Innovative's 2nd Annual Well-Being @ Work Summit On September 15th, 2020, Innovative Benefit Planning hosted the 2nd Annual Well-Being @ Work Summit, which is dedicated to making workplaces healthier (but with a twist)! Due to the COVID-19 pandemic, the team had decided to create a virtual event in order to ensure the health and safety of everyone involved.  However, going virtual this year ended up opening up many doors, including the opportunity to welcome a total of 8 speakers! Attendees even received a “registration box” which included a shirt for the day of the summit, promotional items from sponsors such as cups, mints, tooth brushes, and hand sanitizer, as well as a drink kit and Innovative face mask.  The event had a wonderful turnout, including HR professionals, C-Suite decision-makers, health and well-being professionals and top well-being vendors in the industry. The morning started out on the right foot with a…

Creating a Financial Wellness Program

Posted On: April 28, 2020 | Categorized as: Events

The case for financial wellness from an employee and employer perspective Many employers incorporate a health wellness program into their organization, but financial wellness is just as important. Studies show that 47% of all employees are stressed about finances and 54% of those employees say they will likely use their retirement funds for expenses other than retirement.1 Employees who are stressed about money or debt often bring that stress into the workplace, causing lower productivity, higher absentee rates and neglect or postponing of personal healthcare. In addition, employees that cannot retire may have a negative impact on employer profitability (higher healthcare/workman’s compensation costs) and impede the development of the next generation of leaders. 5 Steps for Creating a Financial Wellness Program Discovery Understand your organizational goals and objectives. Review current demographic and participation information of existing benefit programs. Survey employees to determine their financial literacy level and pain points. Analyze…

What To Do When Your Retirement Vendor Is Sold

Posted On: January 28, 2020 | Categorized as: Events

What To Do When Your Retirement Vendor Is Sold January 28th, 2020 The retirement plan industry is undergoing a wave of consolidation, with many 401(k) vendors merging with competitors or being acquired. Their pending merger may be in the best interest of the companies combining, but you must determine if it is also in your best interest. As a plan sponsor, when your record keeper changes, you have a fiduciary obligation to research what is happening and how it affects both your organization and your participants. While this may be a good move for your plan, accepting an automatic conversion remains a fiduciary decision. Plan sponsors should initiate a process to determine whether the change is best for plan participants and beneficiaries, or if an alternative solution would be better. A plan sponsor also needs to document that decision. Your documentation should include a thorough review of the cost and…

Walnut-Rosemary Crusted Salmon

Posted On: January 23, 2020 | Categorized as: Events

salmon recipe

Walnut-Rosemary Crusted Salmon January 23rd, 2020 Are you tired of always falling short on your health goals? Maybe it is because the method you're using to reach them just isn't designed with your personal well-being in mind. The key to making a healthy change is to set yourself up for success, and it's important to recognize what your body needs to make those changes happen.  Take a look at your nutrition and how you are prepping your food for the week.  The right choices in food will fuel your body, ultimately improving your health, mood, sleep, and possibly many more aspects of your everyday life! Start looking at what the food you're consuming has to offer. Salmon and walnuts are both great sources of omega-3 fatty acids.  Pair this easy salmon recipe with a simple salad and a side of roasted potatoes or quinoa.   Ingredients 2 teaspoons Dijon mustard 1…

30 Pledges to Giveback Halfway Recap

Posted On: June 18, 2019 | Categorized as: Company News, Events

30 Giveback

We’re almost halfway through the year and our 30 year givebacks campaign is in full swing! To celebrate our 30 year anniversary and pay thanks to our amazing community and countless partners, Innovative had pledged back in January to give back in 30 different ways this year, and make our community a key part of our business in 2019. As we hit the halfway point, we are half way to 30!   The givebacks we've done so far: #30. The Innovative team came together to support the United Way Impact Fund Campaign for their 2019 Annual Campaign. #29. Innovative sponsored and supported “For Pete’s Sake-Take a Break from Cancer” Annual Gala. #28. We sponsored Samaritan Healthcare & Hospice's annual "Celebration of Life Gala". #27. The Innovative team collected coats for our Winter Coat "Share the Warmth" Drive, which benefited the local nonprofit "Code Blue Collaborative". #26. A team from Innovative cooked…

Innovative Benefit Planning Celebrates 30 Years of Business

Posted On: January 10, 2019 | Categorized as: Company News, Employee Benefits, Events, HR Consulting, Retirement Plans, Workplace Wellness

As we enter 2019, Innovative Benefit Planning celebrates 30 years of success as a national, employee benefit, and financial services company.  Founded in 1989 by Terriann Procida and Mark Sulpizio in Mt. Laurel, NJ, the firm’s vision was to provide unique employee benefit consulting and financial planning services to businesses and their executives in the Philadelphia/Southern New Jersey region.  Terriann and Mark started the company with one simple objective, to always put people first, and it’s this exact mission that has led the company to triple in size, expand practice areas and grow from a regional service area to a national company with an admirable reputation for work ethic, integrity, credibility and experience. Over the course of 30 years, Innovative’s history of outstanding service, pioneering turn-key, cost-saving plans, and technical expertise in the areas of employee benefits, financial planning, population health management and HR consulting have resulted in substantial growth…

The Innovative Learning Exchange Hosts YMCA Board Training

Posted On: February 16, 2017 | Categorized as: Company News, Events

Last Wednesday, February 8th, the Learning Exchange at Innovative hosted YMCA Board Training  for the Board of Directors of the YMCA of Burlington and Camden Counties administered by Laura Solomon of Laura Solomon & Associates. The detailed training session focused on best practices in board governance.  Thank you to Laura for the wonderful session and a special thank you to Melanie Grant of Escalatus, LLC for coordinating!

Innovative Presents “Update from the Hill” at the 30th Annual Tri-State HRMA Conference

Posted On: May 10, 2016 | Categorized as: Company News, Compliance, Employee Benefits, Events

Last Thursday, May 5th, Innovative's Employee Benefits Consultants, Dan Foley and Ryan Kastner, had the honor of speaking at the 30th Annual Tri-State HRMA Conference.  The two presented a curtailed version of their popular "Update from the Hill" seminar which summarizes key takeaways from this year's NAHU Capitol Conference and explains what employers can do to prepare for upcoming legislative changes, and policies they can implement to reduce risk. Dan and Ryan  have presented "Update from the Hill" twice this year prior to the Tri-State Conference  at well-attended Lunch N' Learns in both Philadelphia and Moorestown, NJ.  For those who attended the Tri-State session (and those who missed it) who would like the chance to see the presentation in its entirety, we are holding an "Update from the Hill" Breakfast N' Learn session next Friday, May 20th. Interested parties can register for the event here.

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