Employee Benefit Plans

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Contributing to an HSA is a No Brainer

A Health Savings Account (HSA) is a financial tool used to hold funds for future qualified medical expenses.  The purpose of the account is to provide a tax benefit to those individuals with high deductible health insurance plans.
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Employee Retirement Plans for Small Businesses

VIDEO: If you're self-employed or a small business owner, you may benefit from establishing an employee retirement plan. Here's a great video you don't want to miss.
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Making Retirement Secure for Employees

A law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees or if you’re thinking about adding one, you should familiarize yourself with the new rules.
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Prevent 401k Account Hacking

Commercial database hackings are in the news and may seem commonplace. But while many of these stories focus on hacked bank and credit card accounts, 401(k) plan sponsors and participants probably don’t realize that their plan assets also are at risk.
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Is Your 401(k) Well Managed?

Your 401(k) is extremely important to your future and you need to be proactive to ensure that your 401(k) is well managed.  The U.S. Department of Labor (DOL) issued a list of 10 indicators that your retirement plan may be poorly managed.
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Don’t Let Employees Ignore their 401(k)

Offering a 401(k) plan has become a competitive necessity for businesses, but some some employees are so accustomed to having a plan they ignore their 401(k) or at most pay very little attention to it. As a business owner, it's in your best interest to keep your employees engaged
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Magen M. Koepp Elected Principal

Olsen Thielen is pleased to announce Magen M. Koepp was elected Principal of the firm, effective September 1, 2018. Magen is an Employee Benefit Plan Specialist and has ten years of experience in accounting, auditing and consulting.
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401k Enrollment Eligibility Rules

Employers need to be aware of the 401k enrollment eligibility rules. The details of who can participate and when they become eligible should be determined based on your plan goals.  Many plan sponsors strive for a happy medium between immediate enrollment and highly restricted or delayed enrollment. As you
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Providing Insurance (and peace of mind) as a Fringe Benefit

The environment for hiring and retaining top-notch employees remains competitive. One strategy for combating high turnover rates is offering a competitive package of employee benefits that goes beyond health care coverage and a retirement plan. This is where the right fringe benefits can really pay off.
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Accelerate Your Retirement Savings with a Cash Balance Plan

A cash balance plan is a defined benefit plan, which specifies the amount a participant will receive in retirement. But unlike traditional defined benefit plans, such as pensions, cash balance plans express those benefits in the form of a 401(k)-style account balance, rather than a formula tied to years of
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