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Employee Benefits

Understanding Your Role as a Trustee

Understanding Your Role as a Trustee

The trustee is responsible for the safekeeping of a plan’s investments and needless to say – it’s a critically important role. While operating in good faith is a baseline duty expected of all trustees, not all trustees understand what they can be liable for or the true extent of their

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Rolling a 401K into a Roth IRA

Rolling a 401K into a Roth IRA

While the goal is to retain loyal employees (rather than constantly hiring and training), the reality is most Americans don’t stay in one job their whole lives. According to the Bureau of Labor Statistics, it turns out that the average person has 12 jobs over a 32-year span! Fortunately, 401(k)

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Need to Know: DOL Cybersecurity Guidance

Need to Know: DOL Cybersecurity Guidance

Cyber-attacks are on the rise. As you’re aware, plan sponsors, administrators, and service providers maintain electronic information that can be extremely vulnerable to cyber-attacks, including personally identifiable information (PII), participant enrollment data, and of course, electronically protected health information (EPHI). Responsible plan fiduciaries must safeguard against cybersecurity risks, but not

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How Selecting the Right Audit Professionals Can Save You Millions

How Selecting the Right Audit Professionals Can Save You Millions

With the current administration aiming to significantly boost the Department of Labor’s (DOL’s) funding for 2022 and over the next 10 years, more DOL audits could be on the horizon for employers. The Employee Benefits Security Administration (EBSA), a DOL agency, is responsible for ensuring the security and integrity of

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The 4 Best Ways to Boost Enrollment

The 4 Best Ways to Boost Enrollment

Growing enrollment in higher education is essential for generating revenue. School budgets are primarily made up of tuition and state support based on the number of students enrolled in a per-pupil funding system. Public and private schools are in an intensive never-ending cycle of enrollment-driven anxiety-causing budget deficits. Higher education
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How much of the $1.5 Billion School Meal Program Funding will NY See?

How much of the $1.5 Billion School Meal Program Funding will NY See?

To ensure kids are ready to learn and engage, they need regular access to nutritious meals. Often, this responsibility falls on school districts. Did you know that hunger affects approximately one in six children in New York State? As your district is likely experiencing, the ongoing supply chain disruption brought
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Do Your Team Members Qualify for Limited Time Loan Forgiveness?

Do Your Team Members Qualify for Limited Time Loan Forgiveness?

For years, thousands of teachers, educators, social workers, military members, and other public servants in New York were promised debt relief support that never arrived. The harsh reality is that just over 16,000 borrowers nationwide have ever received forgiveness under the Public Service Loan Forgiveness (PSLF) program. In 2018, it was revealed
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Facing a Mass Exodus: How Strong is Your Financial Aid Office?

Facing a Mass Exodus: How Strong is Your Financial Aid Office?

Just about every industry across the country is experiencing a widespread labor shortage. In fact, the phenomenon is so prevalent that people are referring to it as ‘The Great Resignation’ as record numbers of workers are reevaluating and leaving their jobs amidst the ongoing pandemic. The U.S. Bureau of Labor
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Window Closing for NY Scholarship Raffle

Window Closing for NY Scholarship Raffle

If financial planning teaches you anything, it’s that it is never too early to start saving up. The next generation is bound to face steep higher education costs – just how high? Let’s break down the price projections for kids (currently age 5) who will enroll in college in 13
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The Latest on NY’s Education Spending

The Latest on NY’s Education Spending

While it’s easy to get wrapped up in daily expenses, it’s a good idea to check in on the Office of the State Comptroller’s monthly contract approval list to understand where funding is headed. In September, the Office of the State Comptroller approved 1,515 contracts for state agencies and public
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Calling All Educators! Huge Savings Opportunities Your Community Needs to Apply For

Calling All Educators! Huge Savings Opportunities Your Community Needs to Apply For

We don’t need to remind education professionals – or your students – that college is expensive. For full-time undergraduate students in the 2019-2020 academic year, tuition hikes across all sectors were consistent. Published tuition and fees for public two-year in-district, public four-year in-state, and private nonprofit four-year colleges increased by
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Making the Most of your COVID-19 Relief Aid

On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021. The ARPA appropriated approximately $39.6 billion for the Higher Education Emergency Relief Fund (HEERF) and represents the third stream of funding granted for HEERF to prevent, prepare for, and respond to coronavirus. Taken together, the Coronavirus
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Map of Qualified Census Tracts (QCTs)

  • Move map to NY and scroll to zoom in
  • Under Map Options select “Color QCR Qualified Tracts”