In the News
Sandra Schlaefer NOMINATED 2020 BUSINESS PERSON OF THE YEAR
This year began with a bang, especially for CEO Sandra Schlaefer of King and Companies who was announced Businessperson of the Year on behalf of the Burnsville Chamber of Commerce.
Sandra Schlaefer has been an active member of the Burnsville Chamber for over 15 years. Her commitment and engagement with the Chamber and the Burnsville community has made her an ideal nominee for this honor. Along with her volunteerism, she has invested in the community by supporting and engaging in numerous events, such as Music in The Park and the HR Roundtable, which hosts monthly webinars to provide helpful insights for local business owners.
Sandra was awarded this honor on May 7, 2020 via an online ceremony hosted by the Burnsville Chamber due to the current pandemic circumstances. Commenting on her selection, Mrs. Schlaefer stated: “I am honored to have been selected from the amazing pool of candidates for the Burnsville Person of the Year Award. This award means so much to myself, my family, and staff, as we are so supported here in Burnsville. I appreciate this honorable recognition and look forward to continuing my engagement in the Burnsville community.”
About King and Companies
Sandra Schlaefer has been providing the human touch to insurance and financial services since 2002, when she founded the employee benefit firm and independent insurance agency – King and Companies. The business is a minority-owned women business which strives to provide high-quality products through innovation and client satisfaction. For more information on King and Companies and their community initiatives, please visit www.kingandcompanies.com
Final Forms and Instructions for 2020 ACA Reporting Released
The IRS has released the final 2020 forms and instructions for reporting under the Internal Revenue Code Sections 6055 and 6056.
- 2020 Form 1904-B and Form 1095-B will be used by minimum essential coverage (MEC), including self-insured plan sponsors that are not ALEs, to report under Section 6055.
- 2020 Form 1094-C and Form 1095-C will be used by applicable large employers (ALEs) to report under Section 6056, as well as for combined Section 6055 and 6056 reporting by ALEs who sponsor self-insured plans.
These forms and instructions include a number of changes and clarifications related to 2020 reporting. Employers should become familiar with these forms and instructions.
- The deadline for furnishing statements to individuals under Sections 6055 and 6056 has been extended to March 2, 2021.
- Relief from penalties for reporting incorrect or incomplete information, and providing individual statements under Section 6055 only upon request, has been extended to 2020 reporting.
- The “Plan Start Month” box is now required for 2020 reporting.
Changes were also made to Forms 1095-B and 1095-C related to offers of individual coverage health reimbursement arrangements (ICHRAs).
Individuals statements must be furnished by March 2, 2021 and IRS returns must be filed by Feb. 28, 2021 or March 31, 2021 if filed electronically.
JAMIE MILLER AWARDED LIFE, ACCIDENT, AND HEALTH INSURANCE LICENSE
(BURNSVILLE) October 5, 2020 – King and Companies, an Employee Benefit Firm and Independent Insurance Agency, is pleased to announce that Jamie Miller has obtained her Life, Accident, and Health Insurance License from the State of Minnesota, St. Paul, MN.
By obtaining this achievement, Jamie has advanced her experience and knowledge in the insurance industry. She will be able to provide a more thorough review of insurance programs for our individual and group clients.
Jamie begun her insurance career over 4 years ago with King and Companies, bringing her knowledge and expertise of human resources and management to the business. She decided to take a step further in her career and obtain her license to provide a superior client experience and expand her expertise.
King and Companies’ mission is to enhance their client's experience by providing the Human Touch to Insurance, HR, and Financial services through innovative programs for employers, employees, individuals, and seniors. For any further information or questions, contact Sandra Schlaefer, RHU®, ChHC® at (952) 746-5959 or visit our website at www.kingandcompanies.com.
BURNSVILLE HR ROUNDTABLE OFFERS USEFUL INSIGHTS FOR EMPLOYERS
King and Companies, with the Burnsville Chamber, present monthly webinars for employers to help with human resources
(BURNSVILLE) October 12, 2020 – King and Companies, with the Burnsville Chamber of Commerce, are offering monthly webinars for employers to gain useful education regarding HR compliance and trends.
At the end of every month, a different topic is reviewed to bring awareness and up-to-date information regarding critical HR compliance, education, and insights to business owners, managers, and HR professionals. With standards and technologies always evolving, the HR Roundtable assists employers in achieving the most effective workplace for themselves and employees.
This year, 2020 Programs are delivered live via Zoom and will include live virtual presentation, Q&A, and interaction between attendees to share questions and best practices. Recordings are also available for flexibility in attendees’ schedules.
For more information about these events or to purchase tickets, please visit the King and Companies calendar at www.kingandcompanies.com or the Burnsville Chamber’s website at www.burnsvillechamber.com. Details are also posted on social media.
About King and Companies
King and Companies is an employee benefit firm and independent insurance agency with a mission to provide the human touch to insurance and financial services. The business is a minority-owned women business which strives to provide high-quality products through innovation and client satisfaction. For more information on King and Companies and their community initiatives, please visit www.kingandcompanies.com.
Sandra Schlaefer July 2017 Encourage Her Network Feature Member
Sandra Schlaefer started in the insurance industry while she was still a student working on her marketing degree. In 1987, she accepted a job in the file room of a small insurance company, MidAmerica Mutual Life, because a friend told her that the insurance industry offered room for advancement. After working at four different companies, when she saw the chance to create more balance in her life, she started her own agency with herself as the only employee. King & Companies, Inc. was founded in 2002 from her home. Sandra now has an office in the heart of Burnsville and five employees.
King and Companies is an Employee Benefit Firm and Independent Insurance Agency. Its success has required tremendous focus on details. “It is definitely a constantly changing industry,” Sandra says, “with lots of regulatory compliance.”
Most people have no idea how to evaluate and interpret insurance and benefits information. Sandra loves helping people and enjoys translating the complicated ins and outs of the insurance industry for her clients. “I want to make the complicated insurance world less complicated for people. Everyone has different needs.” That philosophy is reflected in her company’s mission, which is to “Provide the human touch to insurance and financial services through innovation and client satisfaction while providing high-quality products with integrity.”
King and Companies offers employer group insurance, business insurance, individual insurance, and financial services. As a Chartered Healthcare Consultant and Registered Health Underwriter, Sandra holds numerous certifications and licenses, in areas ranging from human resources to MNsure to health underwriting. She is a former president of the Minnesota Association of Health Underwriters and has held various national positions for the Regional National Association of Health Underwriters.
You might be surprised to learn that in addition to managing her growing business, Sandra and her husband and two sons are the organizers of the Burnsville Music in the Park series, for six weeks each summer. She is a Board Member of the Fruit of the Vine Food Shelf in Burnsville and will be completing her term as a Commissioner for the Ames Center. “Being part of a great community is very important to my family and myself” she says. She’s also served our country as an Army Reservist for 6-1/2 years.
Sandra encourages other young women to, “Stride ahead. Just do what you need to do.” To learn more about Sandra and her business visit her website www.kingandcompanies.com
NAWBO SPOTLIGHTS FEATURED MEMBER SANDRA SCHLAEFER
NAWBO highlights Sandra Schlaefer and her story of starting King and Companies
By NAWBO Minnesota
King and Companies is an Employee Benefit Firm and Independent Insurance Agency whose mission is to provide the human touch to insurance and financial services.
I was an Army reservist for 6 ½ years – which was great training for learning how to succeed in a male environment (like the insurance business)! I also have two sons, ages 13 and 10 who keep us busy with boy scouts, piano, church, homework, and sports! We adopted our sons through an open adoption process that allows us to have a close relationship with the birth families – which enriches all our lives! Read more here
King and Companies Launch Healthcare Reform Webinar Series
(Burnsville, MN) August 29, 2013: King and Companies, an Employee Benefit Firm and Independent Insurance Agency, in Burnsville, is delighted to announce the launch of their Healthcare Reform webinar Healthcare Reform What Does It Mean For You And Your Family? The Webinar is a half-hour overview, hosted by Sandra Schlaefer, RHU, on the changes to come and enrolling in the Insurance Exchange. Read more
King and Companies can calculate your Health Care Reform Subsidy amounts.
King and Companies recognizes the impact health care reform will have on you.
Burnsville, MN, September 12, 2012: King and Companies, an Employee Benefit Firm and Independent Insurance Agency, in Burnsville, is pleased to announce that they are ready to help you determine if you will be eligible for a health insurance premium subsidy under the new Healthcare Reform laws. Read more
Wal Mart to Become a Major Employer in Burnsville
By John Gessner
August 9, 2012
Store opening set for Oct. 26
Hiring begins Aug. 20 for Walmart, Burnsville’s newest major employer. A Walmart store that won City Council approval in January is scheduled to open Oct. 26 at 12200 River Ridge Blvd., east of Interstate 35W in north Burnsville. A hiring center will open Aug. 20 at 12245 Nicollet Ave. S. in Burnsville, said store manager Sean Brooks.
The store will provide 350 to 375 jobs, half of them full time, Brooks said. Employment could swell to 400 over the holidays. The 350 to 375 jobs would make Walmart the No. 8 employer in town, based on 2011 figures from the Minnesota Department of Employment and Economic Development.
Brooks said wages will probably range from $8 to $15 an hour. “It depends on experience,” he said. He and his department managers have been getting to know community leaders, including Mayor Elizabeth Kautz and Skip Nienhaus, Burnsville’s economic development coordinator. The two officials attended an Aug. 6 meet-and-greet session with Brooks and his team that was arranged by Sandra Schlaefer of Burnsville-based employee benefit and insurance firm King and Cos. Read more
Are you sure I won’t receive any of the $1.1 billion in rebates from insurance companies under HealthCare Reforms MLR requirement this year?
By Sandra Schlaefer, RHU
July 6, 2012
According to the data collected by Healthcare.gov, only some Minnesotans will be receiving a rebate from their insurance company this fall. By the diagram below, most of our local insurance companies spend more of your premium dollars on your care and quality improvement than what is required under the Healthcare Reform (Affordable Care Act). Read more here
King and Companies, School of Rock, and Creative Color are pleased to announce the 2012 Heart of the City Music Festival Series
Burnsville, MN, June 1, 2012: King and Companies, School of Rock and Creative Color along with the series sponsor, MEZZ Bistro & Lounge are pleased to announce another year of FREE summer entertainment on Sunday evenings at the Nicollet Commons Park, in the Heart of the City of Burnsville. The six week Music Festival series starts at 7 pm on Sunday, June 24th, 2012. Read entire release here
Press please contact Sandra Schlaefer at 952-746-5959 for an interview. Paper print........ Communication the old fashion way
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