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UPCOMING WEBINAR: helping 501(c)(3) non-profit organizations find cost-effective methods & potential large savings to manage unemployment, mitigating risk, contesting claims, and managing fraud

The reason I am reaching out is that I have been working with one of my colleagues here at USI (Michael McClay) on a very new practice area that Michael has spearheaded, and I am working with him on for non-profits- specifically focusing on helping such 501(c)(3) organizations manage their SUI costs, which have gotten out of control. We have seen a HUGE amount of success with this program since its inception only several months ago- with USI’s NFP clients & prospects, as well as ecosystem partners (law firms, CPA’s, NFP organizations etc.).

We would like to invite you to our upcoming webinar on Thursday, November 30th at 11am EST.

Note, while this webinar addresses some specific issues in the states of NY and CT, it is very much applicable to most states- CA, for example, has a deficit of > $16B in their State Unemployment Insurance (SUI) Fund!

It is one seminar, but we have specific invites for NY and CT organizations- Webinar registration Links:

CT: https://info.usi.com/NEG-CT–23-11-30-EBPC-SOL-UnemploymentFundingAlternatives_Registration.html

NY: https://info.usi.com/NE-NYC-23-11-30-EBPC-SOL-UnemploymentFundingAlternatives_Registration.html

Some details:

At USI, we help 501(c)(3) organizations find cost-effective methods to manage unemployment, mitigating risk, contesting claims, and managing fraud. Employers can save a significant amount of money if placed through the right program as the Federal Unemployment Tax Act of 1972 allows non-profits to opt out of paying state SUI taxes if they choose. Instead, the organization reimburses the state only for direct unemployment claims paid to former employees.

Since 2021, average unemployment costs for employers have risen over 64%, with unemployment fraud in NY alone rising over 377%!

Given this, non-profits should review how they fund unemployment as they could achieve substantial savings on their organization’s 2024 Unemployment Insurance (SUI) costs if placed in the right program.

501(c)3 organizations that are paying unemployment taxes (SUTA) may save up to 60%, while organizations currently funding unemployment through a third party could be in a program that:

• Is completely self-funded, with no protection from excessive unemployment claims (no insurance protection or financial backing).
• Invest unemployment fund reserves on the open market, taking money out of your client’s funds to finance investment losses!
• Has excessive admin charges relative to their claims.
• Does not provide support for contesting claims and managing unemployment claims fraud.
At USI, we leverage niche expertise in unemployment funding combined with USI’s expertise in insurance risk management to help 501(c)(3)s identify the method of unemployment funding that will be the most cost effective, with little to no risk.
Imagine the possibilities if non-profit organizations could redirect those savings back into their missions!

Maximizing Non-Profit Savings with Alternative Unemployment Fund Management
Thursday, November 30, 2023, | 11:00 a.m. – 12:00 p.m. EST

In 2024, Connecticut’s maximum unemployment tax rate is set to double, posing financial challenges for taxpaying 501(c)3 organizations. These organizations can potentially save up to 60% by revising their approach to unemployment funding.
Meanwhile, those organizations using third-party programs may face issues with self-funding claims without insurance protection, investment of claims fund reserves in the open market, excessive administrative charges, and a lack of support for contesting claims and managing unemployment fraud.
Join USI and industry experts from UC Assure and Industrial U.I. Services, for a webinar to discuss cost efficient unemployment funding methods and strategies to combat fraud and manage claims effectively.

Maximizing Non-Profit Savings with Alternative Unemployment Fund Management
Thursday, November 30, 2023, | 11:00 a.m. – 12:00 p.m. EST

Since 2021, the average cost of unemployment per employee in New York has increased 64%, with unemployment fraud increasing 377%. This poses a significant financial challenge for 501(c)3 organizations. These organizations can potentially save up to 60% by revising their approach to unemployment funding and claims management.
Meanwhile, those organizations using third-party programs may face issues with self-funding claims without insurance protection, investment of claims fund reserves in the open market, excessive administrative charges, and a lack of support for contesting claims and managing unemployment fraud.
Join us for a discussion with industry experts to explore cost efficient unemployment funding methods and strategies to combat fraud and manage claims effectively.

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