03 Aug

TrussConnect August 2017















Two West Presents: Plan Fees and Fiduciaries

Join Two West and Spencer Fane LLP as we help plan sponsors understand and comply with the strict legal obligations that apply to plan fiduciaries under the Employee Retirement Income Security Act (ERISA) as well as applicable state laws.

When: August 10, Noon for 401(k) or 1 p.m. for 403(b)
Where: Click here to register

1. Why are retirement plan fees important?
2. What is a “reasonable” fee?
3. Who pays the fees and how?
4. Who is responsible for monitoring the plan’s fee?

Attendees will receive a certificate of completion. These webinars are pre-approved for one HRCI or SHRM recertification hour.

Voluntary (aka) Worksite Benefits

Did you know that 58% of employees want benefit options that are personalized for their needs?
Voluntary benefits, or worksite benefits, allow your employees to select the plans that best suit their needs and fund those benefits via payroll deduction. This cost-effective solution helps to offset out-of-pocket medical expenses and helps to fill the gaps created by high-deductibles. These benefits provide an excellent opportunity to round out your traditional benefits program.

Truss’s worksite product offerings include:

  • Accident
  • Cancer
  • Critical Illness
  • Hospital Indemnity
  • Short-Term Disability
  • Long-Term Disability
  • Life
  • And more!

Truss recently welcomed Michelle Kivett to our team! Michelle specializes in worksite benefits and for more than 10 years has worked with hundreds of companies and thousands of employees to ensure worksite benefits are included in their portfolio. Michelle is passionate about bringing these personalized benefits to the table, and speaking with employees to help them understand their benefits. Helping them to make an informed decision is her top priority.

If you are interested in learning more about worksite benefits, or already have these benefits but would like an evaluation of your program, contact your Client Advisor today!

OSHA Releases a New Application for Injury and Illness Records

OSHA has launched the new Injury Tracking Application for employers, as of August 1, 2017, as part of the new reporting requirements that went into effect January 1, 2017. Establishments with 250 or more employees that are currently required to keep OSHA injury and illness records and establishments with 20-249 employees that are classified in certain industries with historically high rates of occupational injuries and illnesses are required to electronically submit information from their OSHA 300A form into the application.

The new reporting requirements will be phased in over two years. All covered establishments must submit information from their completed 2016 Form 300A by December 1, 2017. In 2018, covered establishments with 250 or more employees must submit information from all completed 2017 forms (300A, 300, and 301) by July 1, 2018, and covered establishments with 20-249 employees must submit information from their completed 2017 Form 300A by July 1, 2018. Beginning in 2019 and every year thereafter, covered establishments must submit the information by March 2.

The new software application should make the submittal process easier for employers affected by the revised recordkeeping regulations.  For more information, please give Truss a call or visit www.osha.gov.