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Employee Benefits

Morin Associates offers a myriad of Employee Benefit products suitable for all industries.

Group Medical, Self Insured, Alternative Funding Programs, and PEOs

In today’s environment, offering the right insurance benefits can be a challenge. You want to provide the best possible plan for your employees yet it must be cost-efficient for your business. Morin Associates is committed to health, dental, vision, disability, life, and long-term care insurance for our commercial customers, who need group coverage for their employees, as well as the individual or family that needs coverage.

With the changing face of health insurance in today’s market, we are staying abreast of the latest developments that will affect the coverage you expect as well as the cost impact upon you. We have the wide array of health insurance options available in our area, and we will always present to our customers the best options at the best price available.

Morin Associates offers free, comparative quotes on group benefits from multiple insurance carriers so you can get the best possible rate whatever your group size or benefit goalsWant to see how much we can save you and your business? Send us a message to request a quote.

Flexible Spending Accounts

Create Tax-Saving Opportunities for You and Your Employees

Flexible Spending Accounts or FSAs will allow employers and employees to expand the tax-saving benefits of a premium only plan. They also enable companies to provide superior health care benefits, increasing employee satisfaction, and retention.

Flexible Spending Accounts allow your employees to set aside a portion of their paychecks for healthcare and dependent day care expenses before taxes are calculated. The more they take advantage of this benefit, the less you’ll pay for payroll taxes, including Social Security and Medicare. Depending on your state, a Flexible Spending Account program may also reduce the cost of your workers’ compensation insurance.

For more information about Flexible Spending Accounts or to discuss your business needs, please contact us:

401K and Retirement Plans

401(K) plans are tax-deferred retirement savings plans for employees. The employer sets them up and each company has a slightly different 401(k). They are part of a family of retirement plans known as “defined contribution” plans – the amount contributed is defined by the employer or the employee.

When you join a 401(K) plan, you tell your employer how much money you want to contribute to your account. This amount is deducted from your salary before taxes are applied, so you pay less income tax. More importantly, the money is deducted even before you have received it, making it the easiest savings plan to contribute to. Your employer may match a portion of your contribution.

The money is invested by the plan administrator (on your behalf) in mutual funds, bonds, money market accounts, etc. You decide the mix of investments. They usually have a list of investment vehicles you can choose from as well as some guidelines for the level of risk you are willing to take. Since the plan is an incentive for retirement savings, there is one condition: if you withdraw the money before you are 59½  years old, you will have to pay tax as well as a 10% penalty fine to the IRS.

For more information about 401(k) Retirement Plans or to discuss your specific business needs, please contact us:

Morin Associates provides the following value-added benefits to our clients:

  • Section 125 Administration which includes the Plan Document, Adoption Agreement, and Employee Summary Plan Descriptions
  • Flexible Spending Account (FSA) Document
  • Dependent Day Care (Section 129) Document
  • Health Reimbursement Account (HRA) Set-up Consultation, Corporate Agreement, Plan Document, Employee Summary Plan Descriptions and Claims Administration
  • COBRA/State Continuance Administration: Qualifying Event Notices, Premium Collection, Monthly Remittance, Eligibility Management for COBRA Electors (services coordinated with insurance carrier)
  • Think HR provides our customers with access to Think HR’s award-winning HR Library Solution and complete online resources

If you’d like to read more about the benefits of our Chamber of Commerce Partnership Plans, additional information can be found in this brochure (click to read). 

For more information about our value-added benefits or to discuss your specific business needs, please contact us: