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When the World Changes, Change the World
Dear Members of the Brooks Financial Group Family,
Our Dearest Brooks Financial Group Family,
As you are all well aware, the situation around the Coronavirus (COVID-19) has evolved rapidly in the past few days, especially in Maryland. At Brooks Financial Group, we are taking the steps necessary to protect our employees, our valued relationships, and the community from the spread of the Coronavirus.
To Our Valued Relationships,
We are writing to you today as a follow up to our initial communication on February 26, 2020, to provide our latest assessment and historical perspective of the extreme market volatility that continues to persist given the global spread of the novel Coronavirus (COVID-19).
Given the recent capital market outcomes, we are providing our assessment of the investment implications surrounding the Coronavirus (COVID-19).
Although the human suffering is tragic, historical precedent suggests that while these type of fear-induced events typically have had a short-term economic and capital market impact, it has usually been prudent for long-term investors to remain disciplined.
Do you use electronic media to send employee benefit plan notices, including health plan notices, required SOBCs, ACA Exchange Notices, etc.?
Did you know that the Department of Labor (DOL) has regulations under which employers may use electronic means to distribute certain documents to employees?
As part of our continued due diligence to assuring your benefit plans and processes are compliant, the 2020 ACA To-Do List for Small Fully Insured Plans and the 2020 ACA To-Do List for Large Fully Insured Plans summarize the key requirements that apply to small or large fully insured health plans.
In our commitment to provide ongoing communication and leadership, we are sharing with you the outcomes of our most recent economic committee meeting for the Freedom Capital Management Strategies®. This quarterly update provides insight from our economic committee's findings on the macro-economic environment.
This report is available in both video and print formats.
Upcoming Group Health Plan Compliance Dates
Employers must comply with numerous reporting and disclosure requirements throughout the year in connection with their group health plans.
Midday Maryland, WMAR TV's local lifestyle program, welcomed Michael and Paul Brooks to the show in honor of the Thanksgiving Day 100th Turkey Bowl game. Please take a moment to enjoy the segment and learn more about the great ties Brooks Financial Group has with the local community and to the Turkey Bowl.
Brooks Financial Group is a long time supporter of Calvert Hall College High School and their Red C Challenge. In fact, Paul Brooks, President of Brooks Financial Group, is the Challenge's Chairman.
Calvert Hall's Red C Challenge was established to create and foster a foundation for current CHC students to develop and advance their entrepreneurial spirit; business ideas; leadership qualities and innovative thinking through the various challenges and competitions offered.