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My employer now offers wellness benefits as part of its employee benefits package. But what are they

It's no surprise that your company has started offering wellness benefits, since many employers are already offering these types of programs as part of an overall employee benefits package. According to the Society for Human Resource Management (SHRM), in 2015, 80% of organizations provided wellness resources and information, and 70% of organizations offered some type of wellness program to their employees. (Source: 2015 Employee Benefits, Society for Human Resource Management, 2015)

When it comes to running a business, wellness benefits are definitely a win-win for most employers. Not only do they potentially reduce health-care costs by promoting healthier living, but they may also boost employee productivity and morale. The types of wellness programs vary among employers, but they typically cover a variety of healthy living issues, such as:

Frequently Asked Questions on Opening a 529 Plan Account

529 plans are savings vehicles tailor-made for college. Anyone can open an account, lifetime contribution limits are typically over $300,000, and 529 plans offer federal and sometimes state tax benefits if certain conditions are met. Here are some common questions on opening an account.

Can I open an account in any state's 529 plan or am I limited to my own state's plan?

Answer: It depends on the type of 529 plan. There are two types of 529 plans: college savings plans and prepaid tuition plans. With a college savings plan, you open an individual investment account and direct your contributions to one or more of the plan's investment portfolios. With a prepaid tuition plan, you purchase education credits at today's prices and redeem them in the future for college tuition. Forty-nine states (all but Wyoming) offer one or more college savings plans, but only a few states offer prepaid tuition plans.

2015 Year-End Tax Planning Basics


As the end of the 2015 tax year approaches, set aside some time to evaluate your situation and consider potential opportunities. Effective year-end planning depends on a good understanding of both your current circumstances and how those circumstances might change next year.

Basic strategies

Consider whether there's an opportunity to defer income to 2016. For example, you might be able to defer a year-end bonus or delay the collection of business debts, rents, and payments for services. When you defer income to 2016, you postpone payment of the tax on that income. And if there's a chance that you might be paying taxes at a lower rate next year (for example, if you know that you'll have less taxable income next year), deferring income might mean paying less tax on the deferred income.

M.E.D.X Introduces Highly Secure Patient Health Information Communications System

M.E.D.X Introduces Highly Secure Patient Health Information Communications System


Western New York-based Mobile Encrypted Data Xchange (M.E.D.X) recently launched a HIPAA-compliant mobile app serving the healthcare industry. The product utilizes the latest advances in technical securities, encryption and device safeguards to ensure the highest levels of security while enhancing clinical decision-making and workflows within the healthcare system. 

WNY Civic Hackathon Powered By AT&T Set To Address Community Issues Through Technology

WNY Civic Hackathon Powered By AT&T Set To Address Community Issues Through Technology

AT&T, United Way of Buffalo & Erie County, University at Buffalo, dig Buffalo, InfoTech WNY and Buffalo Open Data partner to host a civic hackathon challenging teams to create innovative software and/or hardware solutions that will serve the community

 WNY Civic Hackathon powered by AT&T, the first ever daylong hackathon dedicated to solving local civic issues in the region, will challenge teams to face off to deliver the best civic technological solution in a 13 hour period for the following local issues; Housing/Property Blight, Transportation, and Advocacy/Public Policy. Cash prizes totaling $3,500 will be awarded, with a grand prize of $2,000, followed by a second place prize of $1,000 and $500 for third place. 

Seneca Niagara Resort & Casino Opens Two New Retail Stores

Seneca Niagara Resort & Casino Opens Two New Retail Stores

New 8 Clans, Swarovski stores expand shopping experience along resort’s West Concourse

NIAGARA FALLS, N.Y. – Celebration was in the air at Seneca Niagara Resort & Casino this morning, as officials from Seneca Gaming Corporation marked the grand opening of two new retail outlets along the resort’s West Concourse.

Six Common 401(k) Plan Misconceptions

Do you really know as much as you think you do about your 401(k) plan? Let's find out.

1. If I leave my job, my entire 401(k) account is mine to keep.

This may or may not be true, depending on your plan's "vesting schedule." Your own contributions to the plan--that is, your pretax or Roth contributions--are always yours to keep. While some plans provide that employer contributions are also fully vested (i.e., owned by you) immediately, other plans may require that you have up to six years of service before you're entitled to all of your employer contributions (or you've reached your plan's normal retirement age). Your 401(k)'s summary plan description will have details about your plan's vesting schedule.

2. Borrowing from my 401(k) plan is a bad idea because I pay income tax twice on the amount I borrow.