family

International Travel Insurance 101

Benefits, Benefits Plans, Compliance, Employee Benefits, Employees, Family, Financial Planning, HR, Human Resources, Insurance

Travel insurance protects individuals and businesses against loss that occurs while traveling. Travel insurance mitigates losses caused by missed flights, natural disasters, acts of terrorism, personal injury or sickness while abroad, lost or stolen personal items and baggage, and unforeseen personal events that prevent traveling. While some might consider travel insurance unnecessary, for many, it provides peace of mind. With the right level of protection, travel insurance allows individuals to focus on the purpose of their trip, whether for business or personal reasons, without wondering what might happen if they find themselves in an emergency situation.

by Chris Freitas

401(k) Discrimination Testing: What Is It and How Does It Help Your Business?

Benefits, Benefits Plans, Compliance, Employee Benefits, Employees, Equality, Family, Financial Planning, HR, Human Resources, Inclusion, job satisfaction, Retirement

Offering retirement savings benefits as part of a company’s employer value proposition is essential to attracting, hiring, and retaining top talent. To help employees plan for their financial future, the most common retirement savings plan that employers offer for today’s workforce is a 401(k) defined contribution plan. A 401(k) plan allows employees to contribute pre-tax dollars to tax-deferred investments based on IRS annual contribution limits. Many employers offer a company match to employee contributions, with standard practices being a 50-cents-for-every-dollar match or a dollar-for-dollar match up to 6% of the employee’s contribution.

by Chris Freitas

Sexual Harassment Training for Employees: Why It's Necessary

Employee Benefits, Employee Training, Family, HR, Human Resources, Sexual Harrassment, Wellness

It’s no secret that sexual harassment in the workplace was occurring long before the “#MeToo” and “#TimesUp” movements. A ruling on two court cases by the United States Supreme Court in 1998 said that an employer is liable for actionable sexual harassment caused by a supervisor or a higher authority over the employee if appropriate actions were not taken to correct the problem. After the ruling, sexual harassment training became a new norm in the workplace.

by Chris Freitas

6 Types of Retirement Plans: Differences and Overview

Employee Benefits, Family, Health Care, HR, Human Resources, Insurance, Retirement, Wellness, PTO, Health Care Cost

Financial wellness matters to employees. Unfortunately, however, a large portion of the workforce is not financially healthy. From an overload of debt to living paycheck to paycheck, individuals often struggle to maintain financial balance and make ends meet. When employees stress about finances, that stress doesn’t check itself at the office door when the employee arrives at work. Financial stress impacts an employee’s ability to do her job, which can lower productivity and eventually affect the bottom line.

Financial stress can harm mental and physical health. In the American Psychological Association’s 2019 Stress in America survey, 60% of respondents reported money as a significant stressor, which has been recorded at a similar level for the past few years. In a Bank of America Merrill Lynch report, 40% of employees said they spent three or more hours dealing with personal finances weekly, and 56% of employees revealed that they experience financial stress. Money management and financial stress are also cited as top reasons why many married couples file for divorce. These stats partly indicate why so many employees seek out employers that have a well-rounded benefits package with some type of retirement savings plan.  

by Chris Freitas

5 Benefits of Paid Parental Leave

Employee Benefits, Family, FMLA, Health Care, HR, Human Resources, Insurance, Wellness, Leave of Absence, PTO, Health Care Cost

Approximately 93% of fathers and 72% of mothers make up the U.S. workforce, according to the Bureau of Labor Statistics. Because many of the men and women who are not currently parents will be at some point, family-friendly benefits are essential to offer as part of an organization’s employee value proposition.

However, in 2018, only 17% of workers had access to paid family leave, leaving approximately  80% of American workers without paid family leave. Further, 93% of low-wage workers who are in the bottom quarter of wage earners have no access to paid family leave, and 94% of part-time workers have no access to paid family leave. Almost all of the 193 countries in the United Nations offer paid parental leave to its citizens; the United States is one of the rare exceptions. The United States is also the only country out of the 41 in the Organization for Economic Cooperation and Development (OECD) and the European Union that does not mandate some level of parental leave benefits for employees.   

by Chris Freitas

Nutrition Tips for Busy Families

Family, Wellness, KBI Blog, Nutrition

The typical family in the US looks quite different today than it did 30 years ago. School, sports, church, clubs and activities, and longer work hours have changed the way we allocate our time as well as how we eat.  With families getting busier and busier, how do you make healthy eating a priority? It’s actually pretty easy!

by Mike Radakovich

Wealthy vs Financial Fit. Here’s the Difference and Why It Matters | California Benefit Consultants

Family, Financial Planning, Insurance, Life Insurance, motivation

 

by Mike Radakovich

Do Single People REALLY Need Life Insurance? | California Benefits Advisors

Employee Benefits, Employees, Family, Insurance, Life Insurance, Millennials

Many people make the assumption that life insurance is for married couples and those with kids. While it is true that not all single people need life insurance, there are a number of reasons when it can make (really) good sense.

by Mike Radakovich

Summer Survival Guide | California Benefits Agency

Benefit Advisors, California Employee Benefits, Employee Engagement, Employees, Employers, Family, summer

Keep your kids engaged and prevent the summer slide with these survival tips.

by Mike Radakovich