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Advanced Basics: Retirement & Welfare Benefits To Boost Your Business
When: September 28, 2021
Location: New England Employee Benefits Council (NEEBC)
People: David A. Guadagnoli and Amy E. Sheridan

David Guadagnoli and Amy Sheridan presented, "Advanced Basics: Retirement & Welfare Benefits To Boost Your Business," at a program sponsored by NEEBC.

Innovation has brought incredible changes to the benefits arena, but it is easy to lose sight of retirement and welfare compliance basics. With the pandemic teaching us all a hard lesson in the risks of complacency, the time has come to step back and think holistically about your benefits menu.

David and Amy were panelists at this program, and designed as a "lite" approach to technical and compliance issues faced by for profit and not for profit clients and delivered through case studies that demonstrate when and how benefits dollars can be used to their maximum effect. Topics of discussion included:

  • A wide range of old and new techniques, tried, true and tested under the tax law and ERISA for maximizing benefits dollars and avoiding critical footfaults
  • Case studies, including M&A scenarios involving the seismic effects a purchase or sale can have on a business’s existing benefits

Case Studies:

  • How an employer maximized its retirement plan savings for employees by fine-tuning its 401(k) plan and adding a cash balance plan
  • How a nonprofit seeking to adopt a 457(f) arrangement ended up with a far better tax-qualified plan solution
  • Managing benefits transitions in an M&A transaction in which a small, benefits-rich employer acquires a significantly larger, lower-margin employer
  • Managing health care costs using self-insured plans and ICHRAs
  • Innovative thinking about health savings accounts
  • How a deferred compensation plan became the solution for a leadership team after all the tax-favored solutions were exhausted