TBR Associates Newsletter

Spring Cleaning


March 2011 Edition 
 
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The snow is starting to thaw along with the economy.  Spring is definitely around the corner which makes for a great time to do some "Spring Cleaning"!   

 

In this issue:

 

-Get Organized
-2011 Updates
-Air Out Retirement Plans
-Healthy Living - Revisiting Resolutions 

Get Organized 

Companies need to go through a spring cleaning from time to time.  With so many responsibilities throughout the year, it can be overwhelming when trying to stay on track.  

 

Creating opportunities for management and staff to get organized fosters an environment of collaboration.  Being organized is a key component to the success of your employees and to your business. Employees are not always naturally organized. Some need training to help develop the necessary organizational skills to positively impact his or her productivity and help the company's bottom line.  

 

Some companies find it helpful to offer seminars. Motivational speakers are a great option that can provide tools and resources that will help your employees to become better organized. 

2011 Compliance Updates/Reminders 

 

-All Summary Plan Descriptions (SPDs) should be updated annually to reflect any changes made during the year.  Remember - SPDs should be provided to all new employees.   

 

-Reminder: As of January 1, 2011, over the counter medications are  are no longer  reimbursable under HRA, HSA or FSA plans, without a prescription.  FSA debit cards can still be utilized, providing the pharmacy or retailer (eg. Walmart/Target, etc.) have a prescription on file for the effected over the counter medication.  For more detailed information please review our recent Compliance Update. 

 

- Remember to mail initial COBRA notices to all employee and dependent home addresses and to include the HIPAA Privacy Notices in all new hire packets.  

 

For more information please contact us.

Air Out Retirement Plans 

     

Are you offering a 401K Plan to your eligible employees? 

1) Do you have an Investment Policy Statement (IPS)?

2) When was your last plan fund review?

 

We assist companies with 401k compliance and in helping update plan designs while strengthening employee communication and increasing employee participation.   

 

Contact us today!

 

Healthy Living

Burn those winter blues by adding a little spring in your step!  If you have been good about your resolutions and started exercising - great! If you haven't started an exercise routine, with the warmer weather coming, now is the perfect time to begin!

 

This month's Healthy Living Employee Newsletter focuses on Exercise - Revisiting Resolutions.  Watch for it in your Inbox next week!

 

You can email it to your employees or print it out for distribution or posting.  All of our Healthy Living newsletters have posters and tools available to help communicate the message.  Click Here to learn more!

 
For more information on the above updates and to read previous newsletter topics, please visit our website at:
 
http://www.tbrassociates.com/news-and-updates/

or call us at (508) 376-4570 with any questions or concerns.
This update is a publication of TBR Associates, designed to highlight employee benefit matters of interest to our readers.  The information contained in this publication is meant for general educational purposes only.