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Seeking information on how to stay compliant with state and local governmental health plans or self-insured employer health plan actuarial requirements? Discover our collection of health plan articles on the Watkins Ross blog, written specifically for government and self-insured employers. From other post employment benefit (OPEB) financial reporting to calculations of incurred but not reported (IBNR) reserves or liability, Watkins Ross provides the health plan expertise you need to stay compliant and penalty-free. Our Watkins Ross health plan team is well-versed in navigating the various health plan benefit options available for your retired employees and determining your health plan financial reporting liabilities. We’re also experienced in assisting self-insured employers with mandatory health plan reporting regulations to comply and protect against penalties. Contact us to learn how Watkins Ross can assist with your business’s post-employment health plan service financial reporting and reserve liabilities and together let’s discover a way to attract your employees to retirement while adhering to regulatory requirements and cost control strategies.
What Are Controlled Groups and Controlled Group Rules?Controlled group rules exist to prevent business owners from subdividing their company into two separate companies - one employing highly compensated employees (HCEs) with a retirement plan and the other employing...
Michigan Public Act 202 of 2017 requires local units of government to disclose information to the Michigan Department of Treasury with the intent of being more transparent to the community with the funded status and other information about their retiree health care and pension benefits.
Census Request & The Data Requested2016 is coming to a close which means you will receive the annual census request from your TPA soon. The census request is used to report any business changes that have occurred in the previous year and provide employee census...
The National Retirement Planning Coalition has designated April 11-15 as the 2016 National Retirement Planning week. In celebration, each day this week Watkins Ross will share some fast facts and planning tips on the various types of retirement plans we service....