Conrad Siegel, which provides comprehensive employee benefits and investment advisory services, has launched Central PA 401(k), the first central Pennsylvania-based pooled employer plan.

Within the last month, three Central Pennsylvania companies announced that they had or would be buying back part or all of their stock to give to their employees as part of new Employee Stock Ownership Plans, known as ESOPs. 

Businesses large and small put a pause on making large changes to their health plans, adopting a wait-and-see approach before switching plans.

Pennsylvania businesses mostly held back on making large changes to their benefit plans during the pandemic, according to a survey of 100 organizations by Harrisburg employee benefit and investment advisory firm Conrad Siegel.

Pennsylvania’s employers continue to favor self-funded insurance plans and more employers than ever are offering their employees Health Savings Accounts to pay for qualified medical expenses, according to a recent survey.

Employers who layoff or furlough their staff could be subject to fines through the Affordable Care Act if they fail to offer those employees health coverage.

Long before the coronavirus paralyzed the country, healthcare was a top concern among most Pennsylvanians. And healthcare will remain a top issue through the crisis and well after the November national elections, according to experts who have been monitoring long-term trends.

The volatility of the value of a company is not uncommon around the unexpected exit of an organization’s leader, experts said, but what the management of a company does before and, in the short term after, sudden disruption in its leadership succession and ownership protocols, can determine its long-term success and survivability.

Pennsylvania’s employers aren’t using just one strategy to save money on employee benefits amid rising health care costs.

Managers at Conrad Siegel looked at personal-finance statistics from a variety of sources and figured there must be a better way to help clients and their employees plan for a secure future. So the Harrisburg-based employee-benefit and investment-advisory firm set about to create online planning tools that would take at least some of the mystery, as well as the stress, out of financial planning.