Frustrated With Your Current Benefits Plan?

Frustrated With Your Current Benefits Plan? Changing plan designs is an incredibly tough decision for an employer. It’s hard to know how changes will impact the overall budget. However, sometimes plan design changes are necessary to manage costs, particularly when cost drivers could be reined in by

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Employers! Open Enrollment is Underway!

Attention Employers: Open Enrollment is Underway! Open enrollment for health benefits is underway for many companies and it will continue through the end of the year. And while this is a key time for employees as they enroll in benefits that will protect their health, their finances,

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Why YOU Should Offer Benefits

Why YOU Should Offer Benefits Remaining competitive in the hunt for the right job candidates who will propel your business to success is a struggle. Once you find the people you need, you have to convince them that your company is a better place to work than your competitors. A strategic, quality

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Are You At Risk For a DOL Audit?

Are You At Risk For a DOL Audit? Being selected for a Department of Labor (DOL) audit can have serious consequences for an employer. According to a DOL audit report for the 2016 fiscal year, nearly 7 out of every 10 investigations resulted in penalties or required

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The Rising Cost of Healthcare in 2016

The Rising Cost of Healthcare in 2016 The following national surveys of employer-sponsored health plans found that the average healthcare cost per employee for large companies was $11,032 in 2015, and employees’ out-of-pocket cost was $2,208 in 2015.  It was anticipated that health plan costs would rise by

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New Overtime Payment Rules

DOL Issues New Overtime Payment Rules On May 18, 2016, the U.S. Department of Labor (DOL) announced a final rule regarding overtime wage payment qualifications for the “white collar” exemptions under the Fair Labor Standards Act (FLSA). The final rule is effective Dec. 1, 2016. The final

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California Paid Sick Leave Law

The California Paid Sick Leave Law, effective on January 1, 2015, requires all California employers regardless of size to provide at least 24 hours of paid sick leave per year to employees — including part-time, per diem, and temporary employees — who work 30 days or more in a calendar year. This law

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Do you know the ACA Reporting Requirements for Employer-W2s and Code 6056s?

With the implementation of the Affordable Care Act (ACA) , employers and health plans are now subject to various federal reporting requirements. These additional reporting requirements were put in place to promote transparency with regards to health plan coverage and costs. It will also provide the government

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Are you prepared to be in compliance in 2015?

Over four years ago, the enactment of the Affordable Care Act (ACA) resulted in a number of important reforms to group health plans. A significant number of these reforms became effective in 2014 , including changes to health plan designs, incentives for increased wellness programs and fees

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BPS Wins 2013 Best Of Newport Beach Award

NEWPORT BEACH December 11, 2013 — Benefits Planning Service was selected for the 2013 Best of Newport Beach Award in the Benefit & Pension Plans category by the Newport Beach Award Program. Each year, the Newport Beach Award Program identifies companies that we believe have achieved exceptional marketing

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