Employee Benefits Corporation

We’re looking for people to share their talents and actively shape the future of our company. Check out our open positions and apply today: https://hubs.la/Q038RWDD0

Although summer may seem far away, it’s never too early for parents to start planning for their children’s summer activities – including summer camp options. This is also the perfect time to address a very common question: How can a dependent care flexible spending account (FSA) be utilized to cover summer camp expenses? Read our latest blog post for all the details about what types of summer camp expenses are eligible, when claims should be submitted, and much more: https://hubs.la/Q03c8G3m0

Prior to each plan year, employees make elections under their employer’s cafeteria plans. This includes, but is not limited to, pre-tax payroll deduction elections for funds used to pay for certain insurance premiums, pre-tax elections to fund health savings accounts (HSA), Health Care Flexible Spending Accounts (FSAs), or Dependent Care FSAs. Read our blog to learn more about when annual elections must be made and the special circumstances that allow them to change their elections: https://hubs.la/Q038RDZs0

Last week, Sarah Fowles and Sue Sieger from EBC’s Compliance Team attended the ECFC Advocacy Summit in Washington, DC. They met with government officials to advocate for tax-advantaged benefits, including FSAs, HSAs, and HRAs. EBC continues to proudly support our clients and their participants through our involvement with the ECFC. #GoECFC

Join Our Webinar on ERISA Compliance! The Employee Retirement Income Security Act (ERISA) is a crucial federal law designed to safeguard private employee benefit plans from mismanagement and misuse. Understanding ERISA is essential for protecting your organization and ensuring compliance. During this webinar, we'll cover: the fundamentals of ERISA, actionable strategies to stay compliant, and tools to protect your organization. Watch now: https://hubs.la/Q038P3mR0

Communicating about benefits to your employees shouldn't be limited to open enrollment periods. Instead, it should happen year-round. These ongoing educational efforts can remind employees to utilize their benefits throughout the year and help improve overall satisfaction.

Employers offering an FSA can choose to include a runout period, grace period, or rollover of funds, providing participants with more flexibility regarding deadlines. With important deadlines approaching, it's crucial for participants to understand these options. Customize and share our flyer, available in the FSA toolkit in your employer online account, to explain the differences between the three plan design types and help participants avoid losing their funds.

We're excited to welcome Beth Green to the EBC team, who joined us last week as our new Administrative Support Specialist. Welcome, Beth! We're so happy for you to join us!

Next week, Sarah Fowles and Sue Sieger from EBC’s Compliance Team will attend the ECFC Advocacy Summit in Washington, DC. Sarah, recently elected as an ECFC at-large board member, will officially begin her term while in DC. She also serves on the Governmental Relations and Interpretations Committee. Sue, a former board member, serves on the Education and Conference Planning Committees. While they’re in DC, Sarah and Sue will also have the opportunity to meet with the IRS, DOL, and members of Congress to advocate for and discuss tax-advantaged benefits. EBC is proud to continue advocating for our clients and their participants through our participation with the ECFC. #GoECFC

Please join us in welcoming the newest member of the EBC team, Ranjan Pruthee who joined EBC as our new Software Engineering and Quality Assurance Manager last week. We're excited to have you join us, Ranjan!