Spring Spotlight: Nick Frongillo

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 AnalystActuarial Services

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 to Sponsor the NHDS Annual Meeting

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.  insurance for medical practices

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!

Employer Alert: IRS Sets Pension Limits for 2016

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.