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Benefit Talk - Delivering helpful information & updates

Industry news, trends and best practices

To support our ongoing commitment to our clients, we offer these tidbits of helpful information and industry insight through our blog and you have the option to sign up to receive each new update, Benefit Talk.

 
Unlocking Your Benefits: Consumer-Driven Health Plans Simplified
Product Solutions, Trustee Education Zenith American Solutions Product Solutions, Trustee Education Zenith American Solutions

Unlocking Your Benefits: Consumer-Driven Health Plans Simplified

To ease out-of-pocket costs and improve your overall well-being, it’s recommended that you utilize the consumer driven health plans (CDHPs) offered by your employer for eligible health expenses. With the help of online and mobile tools, you can manage your available funds and maximize your overall savings.

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Simplifying Benefit Plans and Empowering Union Members: The Role of a Taft-Hartley Third Party Administrator
Trustee Education, Regulatory & Compliance Zenith American Solutions Trustee Education, Regulatory & Compliance Zenith American Solutions

Simplifying Benefit Plans and Empowering Union Members: The Role of a Taft-Hartley Third Party Administrator

In today's elaborate landscape of benefit plans and administrative complexities, Taft-Hartley Third-Party Administrators (TPAs) have emerged as trusted partners, providing invaluable services to Trustees, employers, plan participants, and their families.

In this article, we explore the core values of TPAs and dive into the wide range of tasks they perform, highlighting their central role in simplifying administration, ensuring compliance, and optimizing benefits.

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Cybersecurity in Benefits Administration: Actively Protecting Client Data
Trustee Education, Privacy & Security Zenith American Solutions Trustee Education, Privacy & Security Zenith American Solutions

Cybersecurity in Benefits Administration: Actively Protecting Client Data

October is National Cybersecurity Awareness Month, an annual campaign to raise awareness about the importance of cybersecurity. In this digital age, advanced protection of sensitive personal data is pivotal. Thankfully, there are preventative measures we can take to fend off potential cybersecurity attacks.

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Secure Act 2.0 Changes Impacting Qualified Retirement Plans
Trustee Education, Leadership Insight, Regulatory & Compliance Steven Mendelsohn, EA, FCA, MAAA, MSPA; Pension Director Trustee Education, Leadership Insight, Regulatory & Compliance Steven Mendelsohn, EA, FCA, MAAA, MSPA; Pension Director

Secure Act 2.0 Changes Impacting Qualified Retirement Plans

SECURE 2.0 was signed into Law in December 2022. There’s a lot to unpack in it. This article is a Zenith American Solutions summary of some of what we feel are key changes. The Act includes a substantial number of changes and options for Trustees and other Plan Sponsors to review and consider.

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Department of Labor Releases FAQs on Required Lifetime Income Illustrations for DC Plans
Trustee Education, Regulatory & Compliance Steven Mendelsohn, EA, FCA, MAAA, MSPA; Pension Director Trustee Education, Regulatory & Compliance Steven Mendelsohn, EA, FCA, MAAA, MSPA; Pension Director

Department of Labor Releases FAQs on Required Lifetime Income Illustrations for DC Plans

Retirement Benefit Expert and Actuary provides an update on the Department of Labor’s Temporary FAQs for the lifetime income illustrations that will be required for most Defined Contribution plans.

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What’s the News on Lifetime Income Disclosures?
Trustee Education, Regulatory & Compliance Steven Mendelsohn, EA, FCA, MAAA, MSPA; Pension Director Trustee Education, Regulatory & Compliance Steven Mendelsohn, EA, FCA, MAAA, MSPA; Pension Director

What’s the News on Lifetime Income Disclosures?

Previously, we provided a brief background on the American Rescue Plan Act of 2021 (“ARPA”) and its potential impact on Multiemployer Defined Benefit Plans. This article provides more details on the various provisions impacting those plans.

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part 2 - American Rescue Plan Act of 2021 Impact on Multiemployer Defined Benefit Plans
Trustee Education, Regulatory & Compliance Steven Mendelsohn, EA, FCA, MAAA, MSPA; Pension Director Trustee Education, Regulatory & Compliance Steven Mendelsohn, EA, FCA, MAAA, MSPA; Pension Director

part 2 - American Rescue Plan Act of 2021 Impact on Multiemployer Defined Benefit Plans

Previously, we provided a brief background on the American Rescue Plan Act of 2021 (“ARPA”) and its potential impact on Multiemployer Defined Benefit Plans. This article provides more details on the various provisions impacting those plans.

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One Client Fund is Saving an Estimated $1.3 Million Per Year Through Zenith’s Dependent Audit Verification Process
Product Solutions, Trustee Education, Our Culture Zenith American Solutions Product Solutions, Trustee Education, Our Culture Zenith American Solutions

One Client Fund is Saving an Estimated $1.3 Million Per Year Through Zenith’s Dependent Audit Verification Process

As your administrator, Zenith American Solutions can help your Fund identify best practices that work well for your membership to minimize unnecessary costs. We can manage all components of your dependent audit and provide annual maintenance according to your specifications.

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