Thank you to those who contributed to our annual Thanksgiving Food Drive. Vizance collected 26,627 food items and $5,875 for a grand total of 32,502 items. We're so happy to help out those in need this holiday season!
Health FSA Limits Increase in 2018
The ACA imposes a maximum dollar limit on employees' salary reduction contributions to a health FSA. Although the ACA set this limit at $2,500, the limit is indexed for cost-of-living adjustments each year. On October 19, 2017, the IRS announced that, for taxable years beginning in 2018, the dollar limit on employees' salary reduction contributions to a health FSA will increase to $2,650. This Compliance Bulletin explains the indexed health FSA limit for 2018.
Vizance Insight Series: Employee Benefit Plan Issues and Compliance – What Employers Need to Know
In recent years we have seen new laws, rules and regulations that have significantly impacted almost every aspect of employee benefits – from the benefits an employer can offer to how those benefits are offered and the programs administered. In the ever-changing world of employee benefits knowing the current and applicable rules and maintaining compliance can be a daunting task for employers. We want to help. Join us for our fall webinar series when Beth Ward, Vizance’s Compliance Attorney, will address several common issues affecting employee benefit plans. Beth will discuss the legal issues and practical concerns surrounding the issues and discuss strategies to help employers be compliant.
Vizance is Part of Best Places to Work List
Thank you to our associates who have again made us a Best Place to Work! The Milwaukee Business Journal has named Vizance to the Best Places to Work list again this year.
Mike Lappin Joins Valley Insurance Associates, a Vizance Company, as Partner and President
We are pleased to announce that Mike Lappin is joining Valley Insurance Associates, a Vizance Company, as Partner and President, effective July 11, 2017.
Since 1999, Lappin has been employed with Motorists Insurance Group, most recently serving as President of Wilson Mutual since 2013. Under Lappin's direction, Wilson Mutual experienced increased revenue, while also improving a number of internal departments, furthering Wilson's position as a leader in the insurance industry. At Valley Insurance Associates, Lappin plans to add additional associates to the team, and will also be exploring further opportunities for mergers and acquisitions.
"I am delighted to partner with the team at Valley Insurance Associates and Vizance," said Lappin. "This is a dynamic organization that has successfully evolved to meet the needs of an ever-changing business environment, and the values and vision of this company are in complete alignment with mine. This role provides the ideal leadership opportunity to merge my passion for insurance with my track record of robust business growth."
Jeff Cardenas, President of Vizance, echoed Lappin's thoughts: "We are thrilled to welcome Mike to the team. His outstanding character and values, combined with his proven success in helping Wilson Mutual grow over time, indicate that he will provide the leadership that is needed to sustain our rapid organic growth rate. We will also continue to look at opportunities to acquire agencies that fit with our
COBRA Webinar Scheduled for July 18th
The complex requirements of COBRA leave many employers anxious and concerned about their liability and possible penalties from the IRS and Department of Labor. Join us for a webinar on Tuesday, July 18th at 1:30 pm when Beth Ward, Vizance’s Compliance Attorney, will address your COBRA concerns, helping you to become compliant.
In this webinar we will discuss:
> Triggering rules for COBRA
> Notices that must be provided
> Penalties for noncompliance
> Difference between Federal COBRA rules and State Continuation
RSVP to Joanna Baisch at (262) 563 5457 or firstname.lastname@example.org
Vizance on Fastest Growing Firms List
The Milwaukee Business Journal recently released the 2017 list of Fastest Growing Firms, and Vizance was honored to be part of the list. The companies named to the list are those with the highest percentages of growth for the past three years.
Are You Prepared for a DOL Audit?
Although the future of the Affordable Care Act may be uncertain, the Department of Labor has not reduced its enforcement efforts. Rather, the DOL has increased the number of audits and has stated that it will continue to focus its resources on compliance.
Beth Ward, Vizance's Compliance Attorney, recently presented a seminar regarding this topic. Beth has actively assisted numerous employers with DOL and IRS audits, along with pre-audit corrective actions.
Future webinars and seminars will again cover this topic. If you're interested in attending, please email us at email@example.com.
Vizance Makes Future 50 List for the Second Time
Vizance made the Future 50 list for the second time. This program, run by the Metropolitan Milwaukee Association of Commerce and Council of Small Business Executives, recognizes companies in the seven-county Milwaukee Region that have shown rapid growth.
Vizance Named to Top Workplaces List; Wins Ethics Award
Vizance is honored to have been named a Top Workplace by the Milwaukee Journal Sentinel, placing 4th in our category. We are also the proud recipient of the Ethics Award, which indicates that our associates firmly believe that our company operates by strong values and ethics. Thank you to our associates for providing feedback and for making Vizance a Top Workplace!