Times are about to change for small businesses and their workers. In 2014, the Affordable Care Act will require them to provide insurance or give their workers money to buy it themselves on state-run exchanges. Several small employers are doing this already, however — and reaping the rewards. Sartell Group, a software developer based in Minneapolis, Minn., pays 100 percent of the medical and dental costs of all 20 employees, and provides a kitchen stocked full of healthy breakfast and lunch supplies. Another small software developer, Bromelkamp Co. has been providing fully paid insurance with no copays or deductibles for 33 years. Owner Henry Bromelkamp Co. also funds the maximum amount allowed in a Simplified Employee Pension Plan account, and pays for child care. The benefits are big for both employees and employers, he says. “I don’t know why every company doesn’t do this. It’s not like health care is a luxury. You can’t say to an employee ‘we can’t afford health care anymore.’ Somebody’s going to pay for it. And it might as well be in pretax dollars.”
Legacy planning can help advisors make connections to the next generation of wealth so that advisors maintain assets when clients pass.
Nuveen is among the biggest investors in high-yield muni bonds; closed-end fund prospectus registered Thursday with the SEC.
The Sunshine State nets $17.2 billion from inbound moves vs. outbound.
Sponsored by FTJ | FundChoice
A full-service solution that helps you improve your process and client relationships sounds great, but you must be able to determine what will best help your firm grow.
Sponsored by Smarsh
New communication tools can open up your firm to risk and prohibition is not prevention. Learn five key practices you should implement now.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.