Your guide from hire to retire.
Employers looking for more predictability in their costs, more equity in their contributions and perhaps even more flexibility for their employees are increasingly exploring the idea of Defined Contribution strategies for their employee benefit plans. Defined Contribution (or DC) plans come in various different forms. When I started my […]
If you’ve been waiting to hear the status of the Earned Sick Time Act (ESTA) before updating your leave policy, you’re in good company. We had hoped that there would be some movement on this during the end of the year lame duck legislative session but weren’t that lucky. Fortunately, […]
Empowering 401(k) Plan Sponsors: Navigating Success in 2025 As we step into 2025. 401(k) plan sponsors find themselves at the forefront of a rapidly changing landscape marked by new regulatory requirements, advancements in technology, and evolving employee expectations. At Rose Street Advisors, our mission is to help you stay ahead, […]
While William Shakespeare once penned, “To be or not to be, that is the question” – when consulting on life insurance planning options, we field a similar question from clients, “To ILIT or not to ILIT?” Ultimately, should an Irrevocable Life Insurance Trust (ILIT) own my life insurance policy? […]
We all know healthcare costs increase annually. Medical trend increases are based on higher costs for prescription drugs, advancement in medical technologies, reinsurance costs and regulatory changes. So, what are the reasons for the higher than normal premium rates as we approach 2025? The aftereffects of COVID are creeping into the system.
When HR Goes Wrong I recently facilitated an HR session for Humanergy’s High Impact Leadership Training (HILT) program. During it, a leader described a situation that was occurring at their organization. While I’m usually careful never to say this, there was no way of denying what it was – bad […]
Understanding the New Catch-Up Contributions and Retirement Plan Limits for 2025 Enhanced Catch-Up Contributions for Ages 60 – 63 Starting in 2025, individuals aged 60 to 63 will benefit from increased contribution limits. This change is part of SECURE Act 2.0, designed to help older workers boost their retirement savings […]
How Not to Terminate an Employee Hate having to terminate employees? When you work in HR, or leadership, it comes with the territory. That doesn’t make it easy. Still, it can be necessary. Let’s start with what not to do. Recently a friend found out that his hybrid job was […]
ESTA, ESTA – Read All About It! ESTA, Michigan’s Earned Sick Time Act continues to raise questions for employers, particularly smaller employers who offer limited paid sick time. For example: • If you have 10 or more employees (including full-time, part-time, and temporary employees), you are required to provide at […]
Give Cash Last: Top 6 Ways to Donate to Receive the Biggest Tax Break When meeting with our philanthropically minded clients, we often say, “give cash last.” Donating cash is simple, but it’s not always the most tax efficient. As we are nearing the end of the year, many clients […]