In a traditional 401(k) plan, many plan administration tasks fall on the plan sponsor. These can include designing the plan, depositing contributions, keeping documents updated, complying with testing requirements, and providing required notices and information to...
It’s no secret in the industry that independent agents’ time is spread thin, as they often wear multiple hats in their day-to-day operations. With a still-hot housing market, this is an especially busy season for agents selling homeowners insurance. On top of this,...
Collaborating with a team can either be enlightening or disastrous depending on the tools you use, and when you’re running a business, it’s crucial to ensure that you have all the right resources to make any team effort a success. From making communication easier, to...
In the past few years, so many people have been laid off from work—due to circumstances beyond their control. This pool of job applicants should consider a career in the insurance industry as their next golden work opportunity. So, if you’ve never considered a job in...
In the process of hiring new employees, businesses go to great lengths to hire individuals who will make a great fit in their company. Sometimes it works brilliantly—while at other times, things may not work out at all. While some employees may realize the business is...
Almost everyone acknowledges that regardless of the industry involved, revenue generation has become more challenging over the years. Today several selling and business development tools are available to independent agents that make it is easy to lose sight of the big...
In April 1982, I had the opportunity to become a partner in a property/casualty insurance agency. That was the good news. The not-so-good news was that the opportunity was with a start-up agency with no carrier contracts and no clients. However, we continued to...
Several years ago, Lebron James filed a trademark application for the phrase Taco Tuesday that, predictably, caused an uproar on the internet. Apart from the fact the internet consistently needs to get outraged over something, it struck many rational people as a bit...
We live in an information age, in which colleagues share more of their personal selves in the workplace. Today’s employees want full transparency on all levels. Gone are the days when it was taboo to discuss money, wages, bonuses and pay with your colleagues. However,...
Employers are challenged to balance their need for information with employees’ privacy rights. This conflict may arise when an employer wants to perform a background check on a job applicant, or when the employer wishes to monitor employee communications, or when an...