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THE FEDELI BLOG

THE FEDELI BLOG

August 2016 Blog Posts

The Fedeli Digest – August Edition

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COMPLIANCE UPDATE: DOL PROPOSES CHANGES TO ANNUAL REPORTING FOR ERISA PLANS

On July 21, the Department of Labor proposed several significant changes to Form 5500 and its related schedules. While these suggested revisions have yet to be finalized, they could greatly increase the administrative burden on employers. For health and welfare plans, one of the most notable changes would be to require small group health plans with less than 100 participating employees to file a Form 5500. There is also a proposal to create a new Schedule J for group health plans, including information on plan designs, enrollment, and ERISA and ACA compliance. The following link is a compliance alert from Stacy Barrow and Mitch Geiger of Marathas Barrow & Weatherhead, LLP with additional information on the proposed Form 5500 changes and the potential impact to employers.

A SURETY BOND SOLUTION FOR LETTERS OF CREDIT

Many companies use Standby Letters of Credit to secure financial obligations which are incidental to their business. Surety Bonds offer unique advantages as compared to bank Letters of Credit. The Fedeli Group has a wide array of surety markets and the experienced personnel to handle the replacement of Letters of Credit with Surety Bonds as security for your financial obligations. Senior Vice President, Kevin Keller, explains.

SCHOOL’S BACK IN SESSION: IS YOUR COLLEGE STUDENT COVERED?

The start of the school year is upon us. If you are sending your son or daughter off to college, personal insurance coverage may be the last thing on your mind. Don’t worry – you may already have coverage in place. Personal Lines Manager, Debbie May, and Personal Lines Account Manager, Debbie Skelley, give us an update.

APPLES TO APPLES: COMPARING POLLUTION LEGAL LIABILITY POLICIES

With the exception of a few bells and whistles, commercial insurance policies are “all the same, just a commodity,” right? “Once you have read one business owners’ policy, you have read them all,” right? Not so when it comes to environmental liability insurance. Vice President of Environmental Risk Management, Rob Snyder, tells us more.


HOW WE SPENT OUR SUMMER VACATION

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We wanted to take a moment and thank those who spent their Summer giving back to the community with our new initiative, “Fedeli Gives Back.” Associates volunteered at both The Akron-Canton Foodbank and The Cleveland Foodbank to help sort, pack and ship perishable food goods to communities in need. Their time and effort were appreciated, and open the door for more exciting volunteer opportunities for our organization. Congratulations!

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