Resources

HANYS Benefit Services named a PLANADVISER Top 100 Retirement Plan Adviser for the 3rd time PLANADVISER has named HANYS Benefit Services as one of its 2019 Top 100 Retirement Plan Advisers . PLANADVISER’s Top 100 Retirement… Date: Thursday, February 21, 2019 · Source: HANYS Benefit Services
7 questions employees should ask about Paid Family Leave 1. If I started my continuous leave in 2018 and it extends into 2019, am I eligible for the benefits at the 2019 rate and an extra… Date: Wednesday, January 23, 2019 · Source: HANYS Benefit Services
The hidden cost of identity theft to employees and employers HANYS Benefit Services is partnering with CyberScout, a leading identity management and data theft services company. CyberScout… Date: Friday, July 20, 2018 · Source: HANYS Benefit Services
Taxability of Disability Benefits Many employers provide disability benefits to their employees as part of a comprehensive employee benefits package. Disability… Date: Tuesday, May 15, 2018 · Source: HANYS Benefit Services
Assessing the Merits and Challenges of Financial Wellness Financial wellness is an increasingly popular topic, but there is no consensus about their value. Financial wellness is achieved when… Date: Tuesday, May 1, 2018 · Source: HANYS Benefit Services
The Financial Burden of Defined Benefit Plans Defined benefit plans were the predominant retirement plan at the time the Employee Retirement Income Security Act (ERISA) was introduced… Date: Monday, April 2, 2018 · Source: HANYS Benefit Services
Using Data to Better Pinpoint Marketing Initiatives The new business development and marketing team at Glens Falls Hospital was looking for a strategic way to gain information about… Date: Friday, March 30, 2018 · Source: HANYS Solutions
HANYS Benefit Services Partners with CyberScout on Identity Theft Protection Services HBS expands employee benefits offerings to protect employees from the consequences of identity theft HANYS Benefit Services is pleased… Date: Thursday, February 8, 2018 · Source: HANYS Benefit Services
2018 Retirement Services Compliance Calendar and Notices Reminder HANYS Benefit Services wants to help you stay compliant with the 2018 Retirement Services Compliance Calendar and Notices Reminder . … Date: Thursday, February 1, 2018 · Source: HANYS Benefit Services
DOL Delays Fiduciary Rule On Monday, November 27, 2017, the Department of Labor (DOL) announced that some key provisions of the fiduciary rule will be extended for… Date: Monday, December 4, 2017 · Source: HANYS Benefit Services
HANYS Benefit Services' Carol A. Idone Receives Prestigious SPARK Advisor Award Vice President, Client Relationship Management and Consulting, Honored for Leadership in "Plan Design & Administration Innovation"… Date: Monday, November 13, 2017 · Source: HANYS Benefit Services
7 Ways to Mitigate Retirement Plan Fiduciary Liabilities 1. Document all decisions— Appoint a secretary to take notes on all actions and decisions. 2. Hold retirement plan committee… Date: Thursday, November 9, 2017 · Source: HANYS Benefit Services
System-wide Implementation of HIM Interface with EMRs The challenge facing Rochester Regional Health's Senior Director of Health Information Management, Judy Kelly, and Coding Director,… Date: Tuesday, October 24, 2017 · Source: HANYS Solutions
Retirement Plan Administration Best Practices Retirement plan sponsors have a difficult challenge: balancing the desire to offer a valued and valuable retirement plan to their… Date: Tuesday, October 17, 2017 · Source: HANYS Benefit Services
Fiduciary Responsibilities: ERISA Standards of Conduct Act solely in the interest of plan participants — This may seem obvious, but you cannot prioritize your board, president, or local… Date: Tuesday, September 26, 2017 · Source: HANYS Benefit Services
Active vs. Passive Investing Styles: An Age Old Rivalry Active vs. Passive investing styles is an age-old debate in the investing world. Investment managers on either side tend to be… Date: Wednesday, September 13, 2017 · Source: HANYS Benefit Services
Q2 Retirement Market Recap - Stocks and Bonds Advance Again in the 2nd Quarter As of June 30, 2017 U.S. equities advanced for the seventh consecutive quarter, with the S&P 500 Index gaining 3.09% in the… Date: Tuesday, August 8, 2017 · Source: HANYS Benefit Services
Webinar: Pension Risk Transfer: Why Now? Healthcare finance executives are faced with many challenges. One such challenge is managing the… Date: Friday, April 21, 2017 · Source: HANYS Benefit Services
Is It Time to Refresh Your Voluntary Benefits? by Wesley Price Voluntary benefits have been around for several decades. These are coverages and products made available to employees… Date: Monday, March 20, 2017 · Source: HANYS Benefit Services
8 Questions Plan Sponsors Should Ask about 457(b) and 457(f) Plans Background: 457(f) and 457(b) plans are non-qualified deferred compensation plans for eligible highly-compensated employees. A… Date: Tuesday, March 7, 2017 · Source: HANYS Benefit Services
2017 Retirement and Employee Benefits Compliance Calendar HANYS Benefit Services wants to help you stay compliant with our 2017 Retirement and Employee Benefits Compliance Calendar . … Date: Thursday, February 16, 2017 · Source: HANYS Benefit Services
Remedial Amendment Period for §403(b) Plans Sponsors of 403(b) plans, both those subject to the Employee Retirement Income Security Act (ERISA) and non-ERISA plans, were required… Date: Monday, February 6, 2017 · Source: HANYS Benefit Services
Key Retirement and Employee Benefits Compliance Reminders for February Due February 28th Paper filing of Form 1099-R to IRS for distributions made in 2016. Section 6055 Reporting - Forms 1094-B and… Date: Wednesday, February 1, 2017 · Source: HANYS Benefit Services
Q4 Retirement Market Recap - Post Election Rally The 2016 U.S. general election was an unusually dramatic event for investors, most of whom were expecting the Democrats to hold the… Date: Tuesday, January 24, 2017 · Source: HANYS Benefit Services
Understanding Your Retirement Plan Fee Methodology Understanding your retirement plan’s fees is not only a good practice; it’s a fiduciary requirement as prescribed by the U.S. Department… Date: Thursday, January 19, 2017 · Source: HANYS Benefit Services
The Popularity of Wellness Programs The 2016 Employee Benefits survey helped call to attention the increasingly complex circumstances under which employee benefit plans… Date: Friday, January 6, 2017 · Source: HANYS Benefit Services
4 Questions Plan Sponsors Should Ask to Understand the Similarities and Differences Between 401(k) and 403(b) Plans 1. Which employers can offer a 403(b) plan? Public education organizations such as public elementary and high schools, state colleges… Date: Monday, December 5, 2016 · Source: HANYS Benefit Services
6 Questions Plan Sponsors Should Ask About Safe Harbor Plans 1. What are safe harbor plans? Safe harbor plans are retirement plans that generally satisfy the non-discrimination rules for… Date: Monday, November 28, 2016 · Source: HANYS Benefit Services
7 Questions Plan Fiduciaries Should Ask About Target Date Fund Strategies 1. What is a Qualified Default Investment Alternative (QDIA)? The Pension Protection Act of 2006 (PPA) encouraged employers to adopt… Date: Monday, November 14, 2016 · Source: HANYS Benefit Services
12 Questions Retirement Plan Sponsors Should Ask about Adding An Automatic Enrollment Arrangement 1. What is an Automatic Enrollment Arrangement? Traditionally, defined contribution retirement plans have required employees to… Date: Thursday, November 10, 2016 · Source: HANYS Benefit Services
8 Questions Plan Sponsors Should Ask About Adding a Roth Feature 1. What is a Roth? According to the 2015 PLANSPONSOR Defined Contribution Survey , 62% of all defined contribution plans,… Date: Monday, November 7, 2016 · Source: HANYS Benefit Services
2016 Employee Benefits Survey Offers Insight into Cost and Compliance Challenges HANYS Benefit Services’ 2016 Employee Benefits Survey, Understanding the Strategic Value of Health Benefits , highlights the need to take… Date: Thursday, October 20, 2016 · Source: HANYS Benefit Services
Register for our live webinar: Retirement Plan Law Suits on the Rise A number of prestigious colleges and universities, including… Date: Monday, October 10, 2016 · Source: HANYS Benefit Services
Register for our live webinar: Employee Benefits Survey: Understanding the Strategic Value of Health Benefits A benefits package must… Date: Tuesday, October 4, 2016 · Source: HANYS Benefit Services
UPDATED REPORT! Report Offers Steps for Building an Optimal Retirement Plan Investment Menu A retirement plan’s overarching goals are to help participants accumulate wealth during their years of employment and to provide them… Date: Monday, October 3, 2016 · Source: HANYS Benefit Services
Understanding Custom vs. Proprietary Target Date Funds Target date funds (TDFs) are characterized as either proprietary or custom. The U.S. Department of Labor encourages plan fiduciaries… Date: Monday, September 12, 2016 · Source: HANYS Benefit Services
Target Date Fund Basic Definitions - Part 2 The U.S. Department of Labor's Employee Benefits Security Administration issued tips intended to help plan sponsors select and… Date: Monday, August 29, 2016 · Source: HANYS Benefit Services
Guidelines for Reviewing Target Date Funds In 2013, the U.S. Department of Labor’s Employee Benefits Security Administration issued tips intended to help plan sponsors select… Date: Tuesday, August 23, 2016 · Source: HANYS Benefit Services
Target Date Fund Basic Definitions - Part 1 The U.S. Department of Labor's Employee Benefits Security Administration issued tips intended to help plan sponsors select and… Date: Monday, August 15, 2016 · Source: HANYS Benefit Services
Using Target Date Funds as a QDIA The Pension Protection Act of 2006 (PPA) encouraged employers to adopt automatic enrollment features for their participant‐directed plans… Date: Wednesday, August 10, 2016 · Source: HANYS Benefit Services
Fiduciary Checklist for Target Date Fund Decisions As target date funds continue to garner a significant portion of retirement plan assets, it becomes increasingly important for plan… Date: Wednesday, July 20, 2016 · Source: HANYS Benefit Services
Reliable Data Provide Comprehensive Understanding of the Healthcare Needs of a Population As a hospital in a small, rural market, Claxton-Hepburn Medical Center needs to have a comprehensive understanding of the healthcare… Date: Tuesday, July 12, 2016 · Source: HANYS Solutions
Tackling the Challenges of Onboarding a PQRS Solution Greater Hudson Valley Health System (GHVHS) needed to satisfy the Centers for Medicare and Medicaid Services’ (CMS) 2015 PQRS… Date: Wednesday, June 29, 2016 · Source: HANYS Solutions
The Four Essential Ingredients for Sustainable Primary Care Transformation Achieving recognition as a PCMH is just one step along the journey to sustainable practice transformation. What are the… Date: Tuesday, March 22, 2016 · Source: HANYS Solutions
Automatic Features in Defined Contribution Plans According to the 2014 Retirement Plan Survey conducted by HANYS Benefit Services, approximately one-half of the responding retirement… Date: Monday, February 29, 2016 · Source: HANYS Benefit Services
Data-Driven Responses to Key Questions Help Drive Hospital's Growth Strategy Saratoga Hospital realized that its volume was increasing rapidly, particularly in outpatient services. Yet, the hospital did not have… Date: Tuesday, February 23, 2016 · Source: HANYS Solutions
Using Investment Menu Design to Improve Participant Outcomes Many participants lack the ability, time, and/or desire to effectively make sound investment decisions and manage their accounts on… Date: Monday, February 22, 2016 · Source: HANYS Benefit Services
Using Plan Design to Improve Participant Outcomes Plan sponsors should review their current plan design features and consider how they drive participant behavior. Studies have shown… Date: Monday, February 8, 2016 · Source: HANYS Benefit Services
What's Driving the Recent Stock Market Volatility? January 2016 was a particularly difficult month for equity investors, with the major U.S. equity indices in correction territory.… Date: Thursday, February 4, 2016 · Source: HANYS Benefit Services
Participant Outcomes vs. Participation Rates: How to Succeed in Both Areas Until recently, participant outcomes were not a great concern to most plan sponsors; even now, a relatively few number of plan sponsors… Date: Monday, February 1, 2016 · Source: HANYS Benefit Services
Establishing a High Performing Investment Committee for Corporate Retirement Plans Survey participants’ responses in our Retirement Survey Report varied widely as to how often their investment committee met to… Date: Thursday, January 7, 2016 · Source: HANYS Benefit Services
Best Practices for Setting Up An Investment Committee for Corporate Retirement Plans In our 2014 Retirement Survey Report , about 79% of survey participants said they have an investment committee. Given a complex… Date: Tuesday, December 22, 2015 · Source: HANYS Benefit Services
The Important Role of Data and Provider Engagement in the Strategic Planning Process In today's dynamic healthcare environment, Ellis Medicine is constantly assessing where the system can strategically grow so that it… Date: Monday, December 14, 2015 · Source: HANYS Solutions
Using an Independent Investment Advisor for Corporate Retirement Plans Best practices underscore the value of using an independent advisor with regard to developing, implementing, and overseeing a… Date: Thursday, December 10, 2015 · Source: HANYS Benefit Services
Reminder Dates for Plan Participant Notices As we approach year end, now is the time to handle the distribution of annual participant notices as required by ERISA. HANYS… Date: Tuesday, November 17, 2015 · Source: HANYS Benefit Services
IRS Releases Plan Contribution Limits for 2016 The Internal Revenue Service (IRS) has recently released the contribution limits on Qualified Retirement Plans for 2016. HANYS… Date: Monday, November 2, 2015 · Source: HANYS Benefit Services
New IRS Resource helps Employers Understand the Health Care Law The new ACA Information Center for Applicable Large Employers page on IRS.gov features information and resources for employers of… Date: Thursday, September 24, 2015 · Source: HANYS Benefit Services
Putting the Pieces Together for Practice Transformation: Saint Joseph's Medical Center I n 2012, the ambulatory care services team at Saint Joseph's began working to achieve NCQA PCMH Recognition for its Family Health… Date: Tuesday, September 22, 2015 · Source: HANYS Solutions
Q2 Retirement Market Recap The 1972 Stealers Wheel song, “Stuck in the Middle with You” comes to mind when you look at the U.S. economy and stock market in the… Date: Wednesday, August 26, 2015 · Source: HANYS Benefit Services
Using Data to Test Theories, Incite Questions, and Make Informed Decisions Cayuga Medical Center's (CMC) strategic planning office analyzes the healthcare marketplace, communities served by CMC, and the… Date: Wednesday, July 22, 2015 · Source: HANYS Solutions
Supreme Court Ruling Highlights Importance of Fiduciary Responsibility The recent U.S. Supreme Court ruling in Tibble vs. Edison has been described as “historic,” “ground-breaking,” and even “revolutionary.”… Date: Monday, June 22, 2015 · Source: HANYS Benefit Services
Plan Sponsors Get Welcome Relief for Automatic Enrollment Features The Internal Revenue Service (IRS) recently announced modified correction methods for errors relating to automatic contribution… Date: Tuesday, June 2, 2015 · Source: HANYS Benefit Services
Structuring Information to Meet the Unique Needs of Specialty Facilties Because it is one of only 11 hospitals in the country that is DRG-exempt for Medicare payments, Roswell Park Cancer Institute has… Date: Friday, March 13, 2015 · Source: HANYS Solutions
PCMH in a Multi-Practice Medical Group Model: Key Ingredients for Creating High-Functioning Sites Over the last few years, Unity Health System has been evolving the PCMH model within its now 17-site Unity Medical Group. In… Date: Wednesday, February 18, 2015 · Source: HANYS Solutions
Stony Brook Children’s Hospital - The New Face of Modern Medicine: Building a Strong Patient-Centered Medical Home Keeping children healthy is the primary goal of Stony Brook Children’s Service primary care program. Five practices located… Date: Wednesday, January 21, 2015 · Source: HANYS Solutions
Customized Data System Accelerates Time From Coding to Billing Given the important link between accurate coding and timely billing in accounts receivable, it is critical that health information… Date: Wednesday, January 21, 2015 · Source: HANYS Solutions
New York Hospital Queens: Transformation to a Sustainable Patient-Centered Medical Home To meet its goal of keeping patients at the center of everything it does, in 2012 Theresa Lang Children’s Center embarked on the journey… Date: Wednesday, January 21, 2015 · Source: HANYS Solutions
Department of Labor Announces Changes for Form 5500 for 2014 Although the filing date for Department of Labor Form 5500 – Annual Return/Report for Employee Benefit Plans – is still several months… Date: Tuesday, January 20, 2015 · Source: HANYS Benefit Services
Human Resources Conference - Apr 23 - 24, 2015 REGISTER TODAY HANYS Benefit Services Human Resources Conference Embrace, Engage, Elevate: Leading High-Performing Talent… Date: Thursday, January 15, 2015 · Source: HANYS Benefit Services
VIDEO: HBS Reveals Inspiration Behind Advisory Services HANYS Benefit Services (HBS), has challenged ourselves to take an introspective look at not only what we do, but why we do it. Many… Date: Tuesday, December 9, 2014 · Source: HANYS Benefit Services
How Saratoga Hospital Reduced Their Retirement Plan Expenses When it comes to reducing retirement plan expenses, there is no time to waste! Saratoga Hospital wanted to quickly establish a… Date: Tuesday, December 2, 2014 · Source: HANYS Benefit Services
IRS Releases Retirement Plan Contribution Limits for 2015 The Internal Revenue Service (IRS) has recently released the contribution limits on Qualified Retirement Plans for 2015. HANYS… Date: Monday, October 27, 2014 · Source: HANYS Benefit Services
Survey Reveals High Level of Uncertainty Among Plan Administrators HANYS Benefit Services’ 2014 Retirement Plan Survey uncovers significant uncertainty among employers about retirement plan… Date: Friday, October 24, 2014 · Source: HANYS Benefit Services
Automatic Features in Defined Contribution Plans According to the 2014 Retirement Plan Survey conducted by HANYS Benefit Services, approximately one-half of the responding retirement… Date: Wednesday, October 22, 2014 · Source: HANYS Benefit Services
The Perils of a Non-ERISA 403(b) Plan Non-ERISA 403(b) plans seem to be dropping in popularity among non-profit organizations. Given regulatory guidelines that can be… Date: Tuesday, September 2, 2014 · Source: HANYS Benefit Services
Roles and Responsibilities Refresher for the Prudent Plan Fiduciary Fiduciaries of defined contribution retirement plans are under closer scrutiny than ever before. Plan participants are filing lawsuits,… Date: Monday, August 25, 2014 · Source: HANYS Benefit Services
IRS Issues Guidance on Windsor Decision for Qualified Retirement Plans On April 4, 2014, the IRS issued Notice 2014-19 which provides additional guidance on how qualified retirement plans… Date: Tuesday, June 17, 2014 · Source: HANYS Benefit Services
2014 Retirement Plan Compliance Calendar HANYS Benefit Services wants to help you stay compliant in 2014 with our 2014 Compliance Calendar . Compliance is just one of… Date: Thursday, June 12, 2014 · Source: HANYS Benefit Services
IRS Provides Guidance on In-Plan Roth Rollovers The American Taxpayer Relief Act of 2012 amends the requirement that employees wait until a distributable event (i.e., age 59½,… Date: Friday, January 3, 2014 · Source: HANYS Benefit Services
IRS Releases Retirement Plan Contribution Limits for 2014 The Internal Revenue Service (IRS) has recently released the contribution limits on Qualified Retirement Plans for 2014. HANYS… Date: Friday, November 8, 2013 · Source: HANYS Benefit Services
New Report Offers Tips for Improving Retirement Plan Participant Outcomes Defined contribution plans are and will continue to be a mainstay in the market. But, are they working? Improving… Date: Wednesday, October 30, 2013 · Source: HANYS Benefit Services
IRS Initiates Compliance Check of 457(b) Top Hat Plans Earlier this year, the Internal Revenue Service (IRS) announced that its Employee Plans Compliance Unit (EPCU) would begin a … Date: Monday, October 28, 2013 · Source: HANYS Benefit Services
Avoiding Fiduciary Liability - A Common Sense Approach The Employee Retirement Income Security Act of 1974 (ERISA) sets the minimum standards for pension plans in the private industry. ERISA… Date: Monday, September 23, 2013 · Source: HANYS Benefit Services
Target Date Retirement Funds - TIPS for ERISA Plan Fiduciaries The Plan Sponsor Council of America (PSCA) recently released the 2013 403(b) Plan Survey. The survey showed that 73.6% of plans offer… Date: Monday, September 23, 2013 · Source: HANYS Benefit Services

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