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...
For any businessperson, networking is one of the most important things that must be done. This is even more so for entrepreneurs. Whichever field your business is in, the more contacts you have, the more opportunities you may have to collaborate with other brands,...
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 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...
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,...
In researching the challenges those in the insurance industry face when hiring new employees, the response is like other industries: We can’t find them; They won’t work for us; We have no problem finding people, but don’t have a good track record of making quality...
Since they are only 17 or 18 years old when they graduate high school, many young adults struggle with their decision of a career path. Fortunately, I felt confident from an early age that a path in the insurance industry would be the one I would take. It may come as...
“I am ... inevitable.” Thanos—the big bad in the Marvel Cinematic Universe—utters this line at the end of Avengers: Endgame, to show that his act of wiping out a trillion people with a literal snap of his fingers was an act that could not be stopped. Interestingly,...