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Friday, August 2, 2019

Q2 Market Recap: Powell's "Porridge"

The Fed defines success for monetary policy as when the economy is like Goldilocks’ porridge — not too hot and not too cold. Investors have enjoyed Fed Chair Jerome Powell’s “Porridge” several times in 2019 as we ushered in the longest bull market in history.

Read the Q2 Market Recap to learn more about the porridge-like conditions during Q2. Also included is update on the current buzz around a Multiple Employer Plan (MEP).

If you have any questions, or would like to begin talking to a retirement plan advisor, please get in touch by email or by calling (800) 388-1963.

Thursday, August 1, 2019

Register Today: 1/2 Day Conference for Healthcare HR Leaders

 HR Conference Brochure

Emerging Trends Impacting Healthcare Organizations

A complimentary program especially for healthcare human resource leaders on October 2 - 3, 2019

Register Today

Thursday, June 13, 2019

HANYS Benefit Services expands into the small to mid-sized market

After 40 years of providing retirement plan advisory services to large institutions, HANYS Benefit Services is taking its experience and expertise to the smaller end of the market.

Though employers with assets under $10 million may not have the same resources as larger organizations, they do have the same responsibilities and objectives: a fiduciary duty to conduct plan business in a prudent fashion and the need to offer an attractive and competitive retirement plan for their employees.

“We believe sponsors in the smaller end of the market are often underserved and may not be getting the proper fiduciary oversight,” said James Kelley, president of HANYS Benefit Services. “With our new service offering, we are looking to relieve some of their administrative burden, fiduciary responsibilities and operating expenses.” HBS has created a solution that largely shifts the fiduciary and administrative burdens to third parties while crafting a lower cost, institutionally structured retirement program.

About HANYS Benefit Services

HBS has been providing retirement services to leading healthcare, not-for-profit and corporate organizations for more than four decades. HBS provides trusted advisory and consulting services, including plan design, vendor management, investment selection and monitoring, operational oversight, and on-site education and communication. HBS also provides services in support of employer mergers and acquisitions, defined benefit plan de-risking strategies and other complex matters including Department of Labor and IRS audits. Named a PlanAdviser Top 100 Retirement Plan Adviser for 2016, 2017 and 2019, HBS conducts business in accordance with strong values in a manner that is in the best interests of its clients, with an ultimate goal of assuring clients’ employees are ready for retirement.

HBS is headquartered near Albany, with offices in Rochester and Melville, New York.

Monday, May 20, 2019

Gain valuable benefits and quality service with HANYS Group Insurance Trust

HANYS Benefit Services has over 50 years experience providing consultation and value-added solutions like the Group Insurance Trust to healthcare providers. GIT was created in 1967 and remains a cost-effective solution providing key benefits to our clients:
  • short/long-term disability, group term life/AD&D, NYSDBL/PFL;
  • lower premiums achieved through Trust scale;
  • dedicated service teams;
  • rate stabilization;
  • form 5500 preparation; and
  • multi-year rate guarantees.
Saving money on employee benefits while still attracting and retaining the best and the brightest is a must in today’s economy.

If you have any questions about HBS' Group Insurance Trust, or would like to talk to an employee benefits consultant, please get in touch by email or by calling (800) 388-1963.

Wednesday, May 15, 2019

Q1 Market Recap: Equities deliver a convincing head fake

The fourth quarter of 2018 ended with significant market volatility. Yet, the U.S. equity performance was in recovery mode in the first quarter of 2019.

In March, we witnessed the ten-year anniversary of the bull market for equities, making it the longest bull market on record. In hindsight, the sharp sell-off in the fourth quarter looks like a head fake for investors.

Read the Q1 Market Recap to learn more about the dramatic recovery for the start of 2019. Also included is a legislative and regulatory update on what's happening in the retirement market.

If you have any questions, or would like to begin talking to a retirement plan advisor, please get in touch by email or by calling (800) 388-1963.

Friday, April 12, 2019

New whitepaper: Doing Good While Doing Well

Plan fiduciaries are seeing increased interest in socially responsible, or impact, investing as an option in their plan offerings.

Socially responsible investing began as a practice of negative screening or avoiding companies that profit from alcohol, tobacco, gambling, firearms, or similarly perceived categories. It has since evolved and expanded in focus to represent environmental, social and governance issues.

Many investors question the balance between focusing on making socially responsible investments and planning for long-term successful results. Can both be achieved, or does a focus on ESG mean a sacrifice of portfolio performance?

This new whitepaper addresses that question, while reviewing the origins, evolutions and performance indicators of socially responsible investments. Download “Doing Good While Doing Well” to learn more.

To begin talking to a retirement plan advisor, please get in touch by email or by calling (800) 388-1963.

Monday, March 25, 2019

Federal vs. New York family and medical leave laws – Part 4

The federal Family and Medical Leave Act provides eligible employees of covered employers with unpaid, job-protected leave for specified family and medical reasons.

In addition to the federal FMLA, New York has laws regarding pregnancy leave, adoptive parents leave, blood donation leave, bone marrow donation leave, military spouse leave and paid family leave (effective Jan. 1, 2018).

The comparison chart below concludes our review of federal vs. New York family and medical leave laws. This chart reviews leave requests, certification requirements, as well as other laws.

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