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June27

Learn How To Stabilize The Cost Of Employee Benefits

IS YOUR COMPANY LOOKING FOR WAYS TO STABILIZE BENEFITS COSTS?

With a defined contribution, your company can budget a set dollar amount for each employee to spend on employee benefits.  This allows your company to lock in costs associated with providing benefits for your employees and leave out the guess work.

INCREASE EMPLOYEE SATISFACTION

Using a defined contribution allows your employees to choose which health insurance plan best fits their needs.  Based on the contribution from the company, the employee can choose from up to five different health plans that will suit them the best.  If they choose a plan that exceeds the employer contribution the employee will be responsible for the additional premium.

ONE-ON-ONE ENROLLMENTS

In order to assist employees decide which plan best fits their needs we provide one-on one-enrollments.  At Fortress Benefits, health insurance advisors are here to assist you with any and all questions related to employee benefits to help simplify the process.
Posted on

June19

Employee Benefits Compliance

Is your company aware of compliance issues that may arise from offering employee benefits.  The Department of Labor has vowed to increase audits and take a much closer look at employee benefits to ensure compliance and proper administration.

What Are The Potential Consequences?

The Department of Labor can potentially impose fines up to $100 per day per employee or $36,500 per year for being out of compliance.  The IRS can also impose fines to employers not adhering to the rules of a cafeteria plan.

Fortress Benefits Can Help!

We have partnered with Advantage Administrators to ensure all employee benefits administered by our agency are 100% compliant.  The administration is a free service provided by our agency when we administering your employee benefits.

Contact Fortress Benefits today to learn more and ease your concerns!

 

Posted on

May24