Posted by Brandi Bowers on October 1, 2018 in Newsletters
Dear Valued Clients and Associates, Back to School is finally here so how about a little math problem for you all…. Did you know the average group health insurance broker commission is around 4% of your annual premium? That means, on a $500k plan, the broker receives around $20,000 in commission. What is your broker doing to earn their commission? PF Compass offers free claims adjudication for you and your employees. We also provide free COBRA and HRA administration. Looking for Bene Admin technology? We provide it for FREE, along with HR tools. Let us earn your loyalty, give me a call today! Don’t forget, we are offering 3 free hours of HR Consulting/ DOL Audit for all NEW clients joining PF Compass (new plan, renewal or off renewal BOR) from 10/1/18-1/31/19. To receive this offer you must click the Contact Us Now button at the bottom of this...
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Posted by Brandi Bowers on September 21, 2018 in Human Resources
Many employees working in small businesses handle multiple responsibilities. When such employees are not at work, the lack of their productivity impacts their employer’s business. Absenteeism due to illness can be a big problem for the small employer, even if the employee is not paid while absent. However, in the state of New Jersey and in New York City, mandated paid sick leave requires most employers to pay their eligible employees (those who have been employed for at least 120 days and work more than 80 hours in the calendar year) up to 40 hours of pay annually while absent from work due to illness, among other reasons. While we expect a certain amount of absenteeism in the winter months due to employees catching colds, what’s worse is an employee who is absent due to the ‘flu, and who could have avoided suffering from that bout of ‘flu, simply...
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Posted by Brandi Bowers on September 1, 2018 in Newsletters
Dear Valued Clients and Associates, With Labor Day behind us, we hope you had a wonderful, fun filled summer. We are excited and happy to announce the addition of Maggie Johnson, SPHR, SHRM-SCP as our preferred HR Consultant. Maggie brings more than 30 years of HR experience. To learn more about Maggie, you can view her profile here. In celebration of Maggie joining our team we would like to offer 3 free hours of HR Consulting/ DOL Audit for all NEW clients joining PF Compass(new plan, renewal or off renewal BOR) from 10/1/18-1/31/19. To receive this offer you must reply to this email or call 732-258-1032. Here is your September 2018 Newsletter with a combination of HR and Health related news. I hope you enjoy! 2018 ACA Reporting Draft Forms Now Available The IRS released draft 2018 forms for Affordable Care Act (ACA) reporting under Internal Revenue...
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Posted by Brandi Bowers on August 27, 2018 in Human Resources
The majority of small businesses develop an employee handbook when they have about ten employees. However, several employment laws apply long before ten employees are hired. The prudent decision, as espoused by HR experts, is to have an employee handbook as soon as possible, for instance, when the first employee is hired. So why create an employee handbook? An employee handbook is an important document that advises employees of the company’s polices, and gives updates as those policies are amended. It will normally spell out the reason for the policies, who they apply to and consequences if they are not followed. An employee handbook is often a valuable tool in training new employees on company expectations. Not having an employee handbook might pose legal risks to a company and cause employee problems. The basic components of an employee handbook usually include statements regarding compliance with federal, state and local...
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Posted by Brandi Bowers on August 1, 2018 in Newsletters
Dear Valued Clients and Associates, I hope you have been enjoying the warm Summer months and have had the opportunity to take a little bit of time to relax and recharge. Don’t have enough time to get everything done and take time to relax? Let us help – PF Compass offers our clients free benefits administration technology and HR tools to help increase compliance, minimize employer workload and improve your bottom line. Here is your August 2018 Newsletter with a combination of HR and Health related news. I hope you enjoy! Summary Annual Reports Due Sept. 30 Health plans with 100 or more plan participants at the beginning of a plan year are generally required to furnish a Summary Annual Report (SAR) to each health plan participant within 9 months after the end of a plan year. As a result, the deadline for most calendar year plans...
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