Employee Benefits
Optimizing Life and Disability Benefits in Employer Plans
Not surprisingly, recent surveys indicate that the major employer objective vis-à-vis benefit plans is to control costs. The biggest cost driver is, of course, health insurance, followed by dental plans. Because Life and Disability cost only a fraction of other benefits they are often overlooked in the renewal planning process. However, with good plan design, employers can offer high quality benefits at reasonable and fairly predictable costs.
Update On National Healthcare Reform (October update)
Summit Benefit Solutions has prepared an updated summary highlighting key provisions of federal health reform in light of recent federal regulation. The Departments of Labor and Health and Human Services, along with the Internal Revenue Service have begun to issue rulings with respect to taxation of coverage for adult children, changes to Flexible Spending Arrangement rules and plan "grandfathering" rules, among other things. Please see this "White Paper" for more detailed information.
Retirement Plans
Looking Ahead (Again): The Implications of Market Volatility on Defined Benefit Plans
This paper provides an updated forward-looking analysis of both fiscal 2010 year-end disclosure results as well as 2011 and 2012 plan year funding requirements for calendar year plan sponsors based on market and yield curve performance through 9/30.
Looking Ahead: The Implications of Market Volatility on Defined Benefit Plans
This paper provides a forward-looking analysis of both fiscal 2010 year-end disclosure results as well as 2011 plan year funding requirements for calendar year plan sponsors.
Managing Retirement Benefits in Today’s Economy
Employees and employers, now more than ever, need to take the appropriate steps to ensure that prudent decisions are made in respect to employees saving at an adequate deferral rate, establishing an appropriate asset allocation mix, and planning to replace income throughout their retirement.
Small Business Jobs Act of 2010 & Roth Conversions
On September 27, 2010, the Small Business Jobs Act of 2010 was signed into law. One of the major components of this Act was the ability to convert pre-tax retirement accounts to after-tax Roth accounts within the Plan.
Individual Tax & Financial Planning
Dealing with Health Care Reform's New Tax Laws
The Health Care and Education Reconciliation Act of 2010
The Patient Protection and Affordable Care Act of 2010
The 2010 Small Business Jobs Act
A wide range of tax breaks and incentives are now available for the small business as a result of the recently enacted 2010 Small Business Jobs Act. Read about what tax changes in the new law your business can benefit from.
Why Paying Now May Pay Off Later
Beginning this year, you are able to roll over amounts in qualified employer sponsored retirement plan accounts, such as 401(k)s and profit sharing plans, and regular IRAs, into Roth IRAs, regardless of your adjusted gross income (AGI).
The materials created through August 2011 are when the professionals of Summit Financial were with Ogilvie Security Advisors Corp. The professionals of Summit Financial have not been with Ogilvie Security Advisors Corp. since August 31, 2011 and have no further affiliation with that organization.
