Archives: 2020

Borrowing to Fund Pension Deficits – Is it Right for Your Plan?

Low interest rates have negatively affected plans by increasing required pension contributions, PBGC variable rate premiums, and financial obligations. However, plan sponsors can benefit from these low interest rates by borrowing money to fund pension obligations which could also reduce risk within…Continued

IRS: Employers Must Report Pay for FFCRA Leave on W-2

Employers are required to report the amount of qualified sick and family leave wages paid to employees under the Families First Coronavirus Response Act (FFCRA) on Form W-2, according to guidance from the IRS and the U.S. Treasury Department. The guidance was provided in Notice 2020-54, issued by t…Continued

Webinar: Are You Offering an Effective Retirement Plan?

On July 23, 2020, Mike Beczkowski, Senior Consultant with Bolton Investment, introduced Heidi LeMieur from The Retirement Learning Center who presented the following topic:On Beyond Fiduciary: Effective Plan GovernanceUnderstand the importance of a plan governance processIdentify and address actual…Continued

Bolton’s “Top 10” to help manage Health Plan Costs

The COVID-19 pandemic is reshaping the health care delivery system.  Employers face increased financial pressure and are challenged to formulate viable return to work strategies, while making changes to benefit programs that support risk mitigation initiatives, control costs, and deliver better hea…Continued