Kyle Heinl’s Post

3 Things to Know for Small Business Benefits in 2024 Healthcare costs in the U.S. are on the rise again, impacting the bottom line.   Navigating benefits compliance will become an even greater challenge. Furthermore, more states now require employers to offer retirement options.

In 2025, smaller businesses can reduce costs and compete against larger companies by taking a comprehensive approach to employee benefits, retirement and compliance. USI can help!

Great insights for the upcoming year! In 2025, smaller businesses can reduce costs and compete against larger companies by taking a comprehensive approach to employee benefits, retirement and compliance. Check it out ⤵️

Enforcement of the strict standards of fiduciary conduct set forth in the Employee Retirement Income Security Act #ERISA has traditionally been reserved for retirement plan sponsors. However, a new class action lawsuit highlights the importance of employers’ adherence to their fiduciary duties when managing their group health plans. Learn more. #GroupHealthPlans #FiduciaryResponsibility #HRP2024 https://lnkd.in/gACVrBKs

Retirement is a time to relax and enjoy the fruits of decades of hard work – and it should be! However, this phase of life also brings a significant shift in financial responsibilities, particularly concerning healthcare costs. • According to recent data from the Employee Benefit Research Institute (EBRI), a 65-year-old couple retiring today might need approximately $413,000 to cover healthcare expenses throughout retirement. Check out our latest blog detailing effective strategies for managing these expenses. Link to blog article is in the comments section below! #Medicare #RetirementPlanning #TriadNC #FinancialPlanning

As annual enrollment approaches, it’s crucial to make informed choices about your company’s benefits. With so many options and limited time, this period can be overwhelming for employees. Each decision, from healthcare plans to retirement contributions, can have lasting financial effects. Don’t miss out on maximizing your benefits!  #OpenEnrollment #HSAs #FinancialWellness #EmployeeBenefits #WealthBuilding

When it comes to big expenses in retirement, there's the fun stuff: membership in a golf club, bucket-list vacations and spoiling your grandchildren. But for many retirees, the single biggest expense is less exciting to plan for: health-care costs. The use of a health savings account (HSA) is one way to plan upfront for future health-care costs. Read below to learn more about HSAs and their potential benefits.

Workplace benefits such as retirement / healthcare plans and insurance coverage can help you save for retirement and prepare for the unexpected. These benefits, and your needs, frequently change. Open enrollment is a good time to consider how employee benefits play a role in your broader financial planning. If you'd like to discuss your unique situation and evaluate your employer's benefit options, let's connect. https://bit.ly/4esxDnE

In a 2023 U.S. Office of Personnel Management (OPM) survey, 90% or more of federal employees said that the availability of health and retirement benefits are important to them. https://lnkd.in/gr4xPHgC #federalemployees #federalagencies #payandbenefits

Employee Benefit compliance issues can bankrupt a small business. Is your Broker helping you to keep your business in compliance?