The Spring team will be happy to escape the cold Boston winter at the end of January and head down to Fort Lauderdale, Florida for Business Insurance’s World Captive Forum. The conference, which will run from January 31st through February 2nd, will be a gathering spot for hundreds of professionals in the captive insurance and risk management industries. Spring has been involved with the World Captive Forum on several prior occasions, and is excited to be both a sponsor of and a speaker at this year’s event.
Karin Landry, Spring’s Managing Partner, will be presenting, “Time For a Captive Refresh?” on Thursday, February 1st from 1-2 PM. If you’re interested in learning how to ensure your captive remains optimized throughout the regulatory and marketplace shifts that happen regularly, you should listen in to Karin’s session. Further, the Spring team will have a home base at booth #13, so feel free to come chat with us.
For the 8th year in a row, Spring is pleased to participate in the annual Yankee Dental Congress annual event that runs from January 24th – 28th in Boston’s Seaport area.
Our brokerage arm, Spring Insurance Group, has been helping small businesses, including a large number of Massachusetts Dental Society (MDS) members, to obtain and manage affordable, robust health plans for their employees. Each year, the team looks forward to connecting with new people and meeting existing clients at the event, which brings in about 27,000 industry professionals.
Spring is excited to be exhibit at the Yankee Dental Congress once again this year, as it is a core way for our brokerage to stay in the loop on industry trends and meet professionals who could use our help. If you’ll be attending Yankee Dental in January at the Boston Convention & Exhibition Center, be sure to stop by our booth and say hi! We’ll be at booth #605.
You know the drill by now, right? Meet our financial expert, Anne.
Title: Chief Financial Officer
Joined Spring in: June of 2015
At work: Anne handles the day-to-day operations at Spring and works with the executive team to create and implement strategies for growth and improvement. She’s also our go-to for things like expense reports, billing and all things budgetary.
Outside-of-work: We all know of Anne’s love for bowling – she plays in leagues year-round and loves it. Otherwise she enjoys spending time with family and friends.
Favorite season: “Definitely summer…the hotter, the better!” She was not a fan of the 50-something degree days we recently had in July.
Favorite flower: Roses.
Favorite food: “Nachos,” she laughs, “pizza is a close second, but I have to go with nachos, they’re the best.” No argument here.
Favorite part about working at Spring: “Definitely the people and the culture, firstly. Secondly, I had never worked in the insurance industry before and I have learned a ton about insurance, healthcare, benefits and risk management. I think what we do is really interesting and I am still learning new things every day; it’s rewarding.”
What is your biggest guilty pleasure? Wine is one of Anne’s biggest vices, but she can’t bring herself to stop – it’s just too good! You know Anne, they say red wine has health benefits, so maybe it’s not a bad thing after all….
** Anne’s not big on photos of herself so we decided to showcase two of her favorite things instead of her beautiful face.
The term “consultant” is fairly vague, the term “actuary” is fairly confusing, and the term “captive insurance” is fairly unknown among many crowds. We’re looking to clear things up and put some faces to our name, especially since we’ve been blooming with new team members lately. Here’s a behind-the-scenes look at the Spring team. Next up is Nick.
Title: Actuarial Analyst
Joined Spring in: May of 2014 – just celebrated his 3 year springversary!
At work: In case you’re thinking, “what the heck is an actuary?”, here’s what Nick is focused on at Spring: pricing work for our clients, including reserving for health, disability and life insurance.
Outside-of-work: Nick is a huge Boston sports fan so he spends a fair amount of time keeping up-to-date on our beloved teams. But he doesn’t just watch them – he also plays in a recreational basketball league when he’s not here crunching numbers.
Favorite season: Summer. He’s glad we’re finally feeling the first lasting glimpses of warm weather around here.
Favorite flower: “Let me Google kinds of flowers really quickly…okay, a tulip I guess.” Men.
Favorite food: Seafood. He picked a good location for it.
Favorite part about working a Spring: “I like that our smaller size gives me access to the partners and executives that I might not have elsewhere. I’ve learned a lot in a short amount of time as a result of such exposure.”
Do you have any unreasonable fears? “I really hate snakes!” We can’t say that’s unreasonable, but okay, noted.
Spring’s brokerage arm, Spring Insurance Group, will be exhibiting at the New Hampshire Dental Society’s annual meeting in Meredith, NH from May 18th to the 20th. This is a two and a half day conference that brings together dental professionals and industry experts to network and learn from each other. As the official employee benefits partner of the NHDS, Spring has enjoyed attending for the past few years and is excited to participate again.
Attendees will hear from leaders, educators and authors of the oral health industry as well as experts in IT, business development and more. Topics at this year’s conference will include:
- Treatment planning & delivering complex, multidisciplinary cases
- Advanced hygiene therapy
- Invisalign – misconceptions, identifying candidates, etc.
- How to finance your practice while reducing costs
- Improving oral health in rural areas
- HIPAA & security for dental practices
- Integrating oral health into primary care training
- Risk management for dental businesses
Spring Insurance Group has a longstanding relationship with various dental practices and associations, as we offer multiple products and solutions that allow small to medium-sized medical practices provide cost-effective insurance and benefits for their employees. We look forward to meeting new faces and hearing the latest updates within the field at NHDS later this month. If you’ll be attending, be sure to stop by booth 33 and chat with our team!
The US Internal Revenue Service (IRS) recently announced their pension plan limits for 2016. All of the limits below are unchanged from 2015. These limits are reviewed and revised annually, so employers should note these pension limit changes for planning/forecasting purposes.
- Annual compensation limit: $265,000
- Maximum Defined Contribution / Profit Sharing contribution: $53,000
- Maximum Simplified Employee Pension (SEP) contribution: $53,000
- Maximum 401(k) contribution: $18,000
- Catch-up contributions limit for age 50+: $6,000
- Maximum Savings Incentive Match Plan (SIMPLE) contribution: $12,500
- Maximum annual benefit of Defined Benefit plans: $210,000
Spring is a leader in pension planning and funding solutions with over 25 years of experience and eight patents for funding programs. Please contact us with any questions you may have about pensions.