VOL. 26
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Volume 26
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In This Issue WORKING KNOWLEDGE PAGES 6 & 7: Medicare & Social Security Experts Simplify Complex Topics PAGE 14: HEBA Discusses Upcoming GROW Series Event
Client Spotlight: The belting company of cincinnati pageS 18 & 19
TRENDING NOW PAGE 10: Tax Proposals & Vaccination Mandate PAGE 11: HORAN Employee Awards & Recognition PAGE 16: Terry Horan Leads ArtsWave Past Fundraising Goal PAGE 16: Road Trip! Educating Fiduciaries to Build Stronger Retirement Plans PAGE 17: HORAN Employees Exceed Goal for United Way
FORWARD THINKING PAGES 4 & 5: We’re Moving! PAGE 15: Introducing HORAN NextGen
Wellness Works: City of Lebanon, ohio PageS 8 & 9
Ohio district prioritizes student & Staff health PageS 12 & 13
CHECK OUT THE #2 HEALTH INSURANCE PODCAST IN THE COUNTRY Tune in for: • Interviews with local leaders • Insights to make smart financial decisions • Tips for managing physical and mental health
Benefits:
What, Like it’s Hard?
Listen and subscribe today by visiting www.horanassoc.com/tunein
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Front Cover: One of our favorite Fall traditions is visiting the Cincinnati Nature Center. Photo Credit: Cincinnati Nature Center Crosley Lake Boardwalk, Kelly Volz
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Volume 26
A Letter from the President The image on the front cover of this edition of Health.Wealth.Life. magazine represents the bridge from summer to winter through the spectacular season of fall. Currently, all of us are trying to bridge the transition from a pre-Covid world to a post-Covid world. We are making significant progress on that effort. The most important bridge HORAN can offer you is a bridge from anxiety and worry to physical and financial wellbeing. This sense of security will ultimately lead to a life of productivity and abundance. This is our 26th edition of the magazine. Our editor for all 26 issues has been HORAN’s Director of Marketing, Melissa McDonald. In this issue, we celebrate the accomplishments of our clients and our own employees. Cincinnati Belting and Transmission is currently celebrating their 100th anniversary. They are a great Cincinnati company and have enjoyed significant growth in the region. We had the opportunity to interview their senior leadership; you can read more about their historic accomplishments in our client spotlight article. We also featured South-Western City School District. They are a wonderful client using several of the services HORAN offers.
The City of Lebanon discusses their Healthiest Employer of Ohio award and how HORAN helped them evolve their workplace wellness program. Our HORAN associates continue to demonstrate outstanding leadership. Rachele Wolf was recognized as one of the Top Women Advisors in the United States by the National Association of Plan Advisors (NAPA). Andrea Costa was recently recognized as one of the Cincinnati Business Courier’s 2021 Forty Under 40 honorees. Nick Groman graduated third in his class at law school and recently passed the Ohio Bar Exam. And for the second year in a row, HORAN was recognized as the Cincinnati Business Courier’s Best Places to Work in the mid-market space. HORAN has relocated our Cincinnati staff to our temporary quarters in the 8044 Montgomery Road Towers of Kenwood. In the Spring of 2021, we will fully occupy our new space on the sixth floor of that building. We are welcoming in-person meetings in a safe, socially distanced manner. If comfortable, please come visit us. Have a healthy and happy holiday season. Terence L. Horan, CLU, ChFC, CAP President and Chief Executive Officer
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FORWARD THINKING
We’ve moved! History has a way of repeating itself. In HORAN’s case, we find ourselves relocating our Cincinnati office to a building we occupied almost 15 years ago—The Towers of Kenwood at 8044 Montgomery Road. HORAN plans to use this piece of revisited history as a launch pad for future growth and a demonstration of our steadfast commitment to clients.
Every decision that we make is guided by our 27 fundamentals, which we call The HORAN Way. Our decision to relocate our Cincinnati office is no different. The new facility will provide a more modern and innovative workspace empowering our associates to deliver legendary service, collaborate and do what is best for our valued clients.
Since HORAN’s establishment in 1948, we have evolved from a one-person operation to a team of more than 150 associates consistently ranked as one of the region’s top employee benefits providers and top money management firms, according to the Cincinnati Business Courier. We are extremely proud to serve as a trusted advisor in the areas of employee benefits and retirement plan consulting, wealth management and life insurance for estate and business planning.
We look forward to providing a more client-centered experience which you will notice the moment you enter our new building. Our new Cincinnati office will undergo a complete renovation that we anticipate being finished in late Spring 2022.
We have been fortunate over the past year to invest in the expansions of our Dayton and Columbus markets— recently completing renovations in both office spaces as well as the purchase of our Columbus office building.
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FORWARD HEADER THINKING
SPECIAL THANK YOU TO OUR MOVE COMMITTEE Many individuals were involved in helping HORAN transition from the Galbraith Road location to our new office space located at The Towers of Kenwood on Montgomery Road. A big thank you to HORAN’s Move Committee which included:
Lisa Butt
Caroline Clift
Michelle Furlong
Zach Glosson
Brett Hord
Chris Huggard
Ben Kilfoyle
Lindsey Keith
Jamie Moon
Aaron Reiff
Charmagne Robinson
Jae Wahl
Account Management Coordinator
Network Infrastructure Administrator
Director, Human Resources
Account Representative, Small & Emerging Business Advisors
Education & Events Manager
Vice President of IT and Facilities
*Registered Principal HORAN Securities Inc.
Vice President of Human Resources
Employee Benefits Intern
Receptionist
IT Intern
Director of HSI Operations, Registered Principal*
Project Manager
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WORKING KNOWLEDGE
HORAN’s Medicare and Social Security Experts Simplify Complex Topics HORAN is uniquely positioned to guide individuals through two major life decisions: Medicare and Social Security benefit selections. Since 2019, HORAN’s Nate Epp and Michael Hermes, CFA, CFP®, have been hosting education sessions for individuals approaching the eligibility age for these benefits. The Navigating Medicare and Social Security webinar discusses the differences between Medicare Part A and Part B, how to select the right coverage to meet individual needs and warns of the potential penalties that may arise. Additionally, the session covers the current state of the Social Security system, describes various filing strategies and addresses how to collect benefits while working.
Nate Epp
Account Executive
Nate Epp, Account Executive, provides education and expert analysis for all those eligible for Medicare. He works to simplify the options available and help individuals understand which insurance plan is best suited for their specific health care needs. Michael Hermes,Vice President, Wealth Advisor, Registered Representative*, is a National Social Security Advisor and Certified Financial Planner®. He helps individuals achieve their financial goals through holistic financial planning encompassing investment, insurance, estate, tax and education planning. Michael’s expertise in Social Security benefits allows him to help individuals navigate the decision of when to collect their benefits. Together, they provide insights that can help individuals make more-informed decisions relating to Medicare and Social Security benefits.
Michael L. Hermes, CFA, CFP®
Vice President, Wealth Advisor, Registered Representative*
Save the Date Join us in 2022 for the Navigating Medicare and Social Security webinars. Each event is from 12 PM to 1:30 PM EST and offers 1.5 PDCs for recertification credit hours through the Society for Human Resource Management and pending 1.5 HRCI CE credit hours. Register on our website www.horanassoc.com/seminars
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January 20 March 17 May 19 July 21 September 15 November 17
*Registered Representative HORAN Securities, Inc.
WORKING KNOWLEDGE
95.39%
Volume 26
Coming In 2022: Financial Wellness Education Webinar Series At HORAN, our mission is to help ensure a brighter, more prosperous future for the individuals we serve. We designed our 2022 Financial Wellness Education Webinar Series with this goal in mind. Each month, we invite you and your employees to join our industry experts in an effort to improve financial decision-making and better prepare for retirement. The Financial Wellness Education Webinar Series will be hosted by Amanda Hall, Certified Financial Educator®, who has an expertise in the field of financial services as well as experience instructing adult learners.
95.39% of attendees left the presentation feeling better prepared to make decisions about Medicare and Social Security
Amanda Hall, CFEd®
Education Engagement Manager, Retirement Plan Consulting, Registered Representative*
Visit www.horanassoc.com/seminars to learn more about HORAN’s 2022 education offerings.
Attendees rated the presentation 4.79 out of 5
Notes: all responses on a scale of 1 (worst) - 5 (best), data reflective of the 2021 seminars.
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WELLNESS WORKS
Photography: City of Lebanon
Wellness works: City of Lebanon, ohio The City of Lebanon, located in Warren County, Ohio, was named a 2021 Healthiest Employer of Ohio receiving first place in the 2-149 employee division.
employees in the City’s wellness initiatives and helped shape a meaningful program that led to an increase in participation.
The award-winning wellness program began 10 years ago. Over the past decade the program has evolved significantly. Scott Brunka brought a new energy to the wellness program when he became the City Manager in 2017.
“When we formed the wellness committee, we asked employees how we could make our wellness program more meaningful and identified the incentives that would get them more engaged,” said Brunka. “It was important to us to make sure our program was relevant in meeting employee needs and provided opportunities that our employees value.”
“We wanted to embrace the wellness culture that already existed in our community and make health a top priority. The City of Lebanon offers many outdoor recreation activities, the largest YMCA in the country and the Together We Thrive program—a health and wellness initiative that provides residents with frequent events that promote healthy lifestyles,” said Scott Brunka, City Manager of the City of Lebanon. Brunka led the effort to form a wellness committee comprised of employees that represented all sectors of the City’s workforce. The creation of the committee engaged
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WELLNESS WORKS
Left: Photography: City of Lebanon, Top: David Long, Cincy Photography, Bottom: David Long, Cincy Photography
One of the City’s primary goals for wellness is employee participation in annual biometric screenings and primary care physician visits. The City offers insurance discounts to encourage both employee and spousal participation.
Last year, 82% of employees earned the highest tier for discounted premiums in the City’s wellness program. Employees also have an opportunity to earn an additional discount by participating in healthy living activities. The City partners with HealthWorks to leverage their health activity tracker and employees are able to earn points for preventive health screenings, flu shots, gym memberships, etc.
“Our wellness initiatives have had a positive impact on our medical claims. We are taking physical and mental health seriously and giving employees the time and resources to take care of themselves.” Scott Brunka, City Manager
Emily Lehn, GBDS
City of Lebanon’s Account Manager
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TRENDING NOW
HORAN is closely following two evolving topics coming out of Washington—the Biden Administration’s tax proposals and a COVID-19 vaccination mandate. TAX PROPOSALS The Biden Administration’s tax proposals are included in the American Jobs Plan and the American Families Plan, and associated legislation is currently moving through Congress. The purpose of these changes is to help fund President Biden’s Build Back Better agenda to provide funding for infrastructure, education and family programs. The proposed tax provisions would have a significant impact on both individual and corporate taxes. Contact your HORAN advisor to review your financial plan in preparation for these potential changes.
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VACCINATION MANDATE Under guidance released by the Labor Department’s Occupational Safety and Health Administration, employers of 100 or more employees have until January 4 to ensure all employees are either fully vaccinated or submit to weekly testing and mandatory masking. The measure was announced by President Biden in September and details were released on November 4. Employers should consider engaging legal counsel in the discussion and design of any vaccination program to have a clear understanding of compliance and potential risks from both an employment and benefits perspective.
Visit the HORAN Insights page at www.horanassoc.com to read our frequent updates on these two topics.
TRENDING NOW Rachele Wolf Named to NAPA’s List of 2021 Top Women Advisors Rachele Wolf, CPFA®, was named a Top Woman Advisor by the National Association of Plan Advisors (NAPA). Rachele joined HORAN in 2015. She currently serves as Vice President, Relationship Manager, Registered Representative*, and builds retirement plans that best meet the needs of employers and their employees.
“I truly enjoy educating employees on the importance of saving for retirement and sharing resources that remove the intimidation factor,” said Wolf. As a member firm of NAPA, HORAN’s Retirement Plan Consulting team is able to collaborate with plan advisors across the country on ideas and best practices. Annual summits and conferences held by the association allow for a surplus of networking opportunities with recordkeepers and investment professionals to discuss the industry’s current events.
Andrea Costa Named to Forty Under 40 List Andrea D. Costa, Esq. was named to the Cincinnati Business Courier’s 2021 Forty Under 40 list. Andrea spent nearly a decade practicing law prior to joining HORAN as Vice President of Financial Planning. She works with executives and professionals, closely-held business owners and families with multigenerational wealth to help develop and implement a comprehensive financial strategy that protects their loved ones. Andrea exemplifies the core values and culture of HORAN: making quality personal, going the extra mile and doing what’s best for the client. Andrea’s leadership, expertise and drive make a difference for so many families and businesses in our region. Andrea joins Jodi Fritsch, Dominic Franchini and Mike Lakin as HORAN employees who have been recognized as Cincinnati Business Courier Forty Under 40 winners.
*Registered Representative HORAN Securities, Inc. *Registered Principal HORAN Securities Inc.
Volume 26
Industry Recognition and Achievements We are proud to share that Terence L. Horan, CLU, ChFC, CAP, President and Chief Executive Officer at HORAN, Registered Principal*, has been named to the M Financial Group’s Board of Directors. After serving on both the M Member Firm Relations Committee and Compensation Plan Committee, Terry begins this new role alongside national experts who bring a wealth of knowledge across multiple industries. Additionally, Gregory L. Hoernschemeyer, CLU, Senior Vice President at HORAN, Registered Representative*, was elected to serve a two-year term on M Financial’s Member Firm Relations Committee. HORAN is a member of the M community, which brings together innovative thinkers and experts to create tailored solutions in life insurance, wealth management and executive benefits for high-net-worth individuals and corporate clients. Nicholas R. Groman, Esq., CFP®, Director of Financial Planning, Wealth Advisor, Registered Representative*, graduated Magna Cum Laude and third in his class from Northern Kentucky University Salmon P. Chase College of Law in June 2021. In October, Nick passed the bar exam as well as the Life Insurance and Variable Annuity exam.
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FORWARD THINKING
Ohio School District Prioritizes Student & Staff Health The South-Western City School District (SWCSD), located in Franklin County, Ohio, focuses on building brighter futures for students and employees. The district was formed in 1956 when several townships joined forces to create one large, consolidated school system. 65 years later, SWCSD has grown to become the 6th largest school system in Ohio serving more than 20,000 students across 119 square miles. SWCSD serves a diverse population— comprised of students from both rural and urban communities across a wide spectrum of socio-economic backgrounds. 1 out of every 4 SWCSD student is an English learner. “We have a very diverse student population,” said Hugh Garside, Teasurer & Chief Financial Officer at SWCSD. “If you look at our student population, you will see the entire state of Ohio’s demographics represented.” The district’s mission reflects its commitment to diversity and inclusion, “Our mission, directed by our commitment to excellence, and in partnership with the community, is to meet the educational needs of our diverse population of learners.” 12
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“Diversity is one of our strengths,” said Garside. “Students get to see different cultures and it allows us to foster conversations for students to learn from other students who are different from them.” SWCSD also prides itself on being able to serve students throughout their entire education journey from preschool to their first career, and they do so in modern learning environments. The district has 36 buildings: 5 preschools, 16 elementary schools, 5 intermediate schools, 5 middle schools, 4 high schools and 1 career academy. “We are in the middle of a construction project that will bring on 4 replacement middle schools set to open next fall,” said Garside. “We have replaced or built new all our buildings except for 2 during my time here (since 2001); for a district our size that’s uncommon.” The district’s modern learning environments provide students and teachers with a lot of natural light, spaces for small group collaboration and 21st century amenities which reflects SWCSD’s priority to support the mental health of both students and staff members. “We value the holistic health of our population,” said Garside. “We want to ensure we are supporting overall health which includes making sure our
employees are getting the right kind of care.” SWCSD partnered with HORAN to create an employee benefits package that addresses these priorities and helps attract and retain employees. In an effort to continue to support employee health with innovative strategies, SWCSD is implementing Marathon, a network of independent primary care health centers that provides an enhanced model of care
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FORWARD THINKING
“We feel that HORAN is a proactive partner—not just looking to address our needs but exploring needs we didn’t know we had,” said Garside. focused on optimizing the patient experience, driving better health outcomes and creating more value. “Our staff members like the ease of service from Marathon Health. They aren’t being rushed when they go to the doctor,” said Garside. SWCSD is taking action to prioritize the health and wellbeing of its students and staff members. The district’s comprehensive approach to health benefits and wellness has created a culture that makes SWCSD a great place to learn and work.
Photography: South-Western City School District
Education Specialty Practice Provides A+ Benefits Consulting HORAN’s Education Specialty Practice provides school districts and higher education institutions with an unbiased consultative approach to employee benefits that leverages unique solutions to support long-term success. More than 50,000 employees benefit from HORAN’s 60 years of experience building best-in-class benefits packages for educators. HORAN has a team of education specialty practice experts focused on creating comprehensive total rewards programs that are designed specifically for employers in the education industry. The team also specializes in consortium management, 403(b) plan consulting, campus health and student insurance. HORAN provides solutions for some of the toughest benefit challenges that education institutions face including employee engagement & experience, benefit administration technology and reporting for union negotiations.
Cheryl Mueller, CEBS, CBC President and Managing Principal
Learn more about our Education Specialty Practice by contacting HORAN at 800.544.8306. www.horanassoc.com
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WORKING KNOWLEDGE
Upcoming Event in the GROW Series Last year, HORAN announced a new company to support the growth of small and emerging businesses in the region. HORAN Emerging Business Advisors is a dedicated team of experts that is focused solely on the needs of businesses under 100 employees due to the complexity of ever-changing legislation, compliance and products in the market. The goal is to help emerging businesses offer benefits that compete with larger companies so they can attract and retain top talent. Check out the interview below with Julie Highley, President of HORAN Emerging Business Advisors, to learn more about their upcoming education opportunities for small and emerging businesses.
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Julie Highley
President of HORAN Emerging Business Advisors
Why did HORAN Emerging Business Advisors launch the GROW Series? Julie Highley (JH): We launched the GROW Series to leverage our best-in-class strategic partners to help our clients’ businesses thrive and grow. We are committed to providing small and emerging businesses with actionable insights and continually sourcing timely, valuable information to create agile learning. The quarterly topics are designed to focus on key issues and showcase industry experts who can share insights to help businesses grow. What is the next topic in the series? The next edition of the GROW Series will be in February 2022. “Building Your Vision for the Future” is specifically designed to empower Owners and Chief Executive Officers and provide them with the tools to build a scalable business. Many organizations transitioned into survival mode during the pandemic and through adversity comes the opportunity for growth. But, a company needs vision, focus and a strategic plan. How can attendees benefit from the next edition of the series? Attendees will be provided with tools to create a vision, focus and strategic plan for their organization. Our featured presenters are entrepreneurs who have been in their shoes and have successfully built transferable and sustainable business value. Additionally, this series will be moderated by our Director of Operations, Lauren Peter, who has over 10 years of experience in the small and emerging business space, as well as a background in Human Resources. Be on the lookout for for more information about our 2022 event “Building Your Vision for the Future”.
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Volume 26
FORWARD THINKING
Preparing the Next Generation has Never Been More Important Lately much has been written on the ongoing uncertainty regarding whether a 2021 tax reform bill will significantly change the law of wealth transfer taxation. Advisors continue to make educated guesses and hedge their commentary with the phrase “but we just don’t know yet.” What we do know is that – regardless of the tax impact – the baby boomer generation has begun the greatest wealth transfer in modern history, which is expected to total approximately $70 trillion in gifts and inheritances between 2018 and 2042.1 Are the younger generations ready? Young people have a different brain structure than adults. Research indicates that a young person’s prefrontal cortex, the part of the brain responsible for executive functions does not fully develop until age 25. Prior to this age, adolescents rely on the emotional regions of their brains which can explain typical adolescent behaviors such as quickness to anger, intense mood swings and making decisions on the basis of “gut” feelings.2 A well-managed estate plan will evolve over time to accommodate changes in beneficiary maturity, family dynamics, tax code changes and asset mix fluctuations. An estate plan should be reviewed at least once every three to five years to accommodate these constantly changing factors but an estate plan alone will not fully prepare the next generation. Beyond building supportive structures into estate planning documents, many individuals struggle with the question
$70
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IN GIFTS AND INHERITANCES WILL TRANSFER BETWEEN 2018 AND 2042
of what to share and how to prepare the next generation to be responsible stewards of wealth. HORAN NextGen is an educational program for heirs that can be a wonderful supplement to family meetings. This program is powered by HORAN WealthBeing, a unique financial wellness program that employers across the country unlock as part of their benefits package to position their retirement plan participants for success. HORAN NextGen starts at the foundation of financial wellness – the budget – and guides young adults through the core concepts of investing to understand and develop habits for financial success. The best time to start this type of development program is well before the actual transfer of wealth occurs. This allows the older generation to add commentary and participate in the conversation. If you’re interested in learning more about the NextGen program, please contact HORAN at 800.544.8306.
Andrea D. Costa, Esq.
Vice President, Financial Planning
1. See Ben Eisen & Anne Tergesen article entitled, “Older Americans Stockpiled a Record $35 Trillion. The Time Has Come to Give It Away,” published in The Wall Street Journal on July 2, 2021. 2. See Arain M, Haque M, Johal L, Mathur P, Nel W, Rais A, Sandhu R, Sharma S. Maturation of the adolescent brain. Neuropsychiatr Dis Treat. 2013;9:449461 (https://doi.org/10.2147/NDT.S39776). The content of this blog is offered by HORAN Wealth Management, an SEC registered investment advisor. Ms. Costa is an employee of HORAN and a recognized expert in Estate planning but does not manage investment advisory solutions. This information is not intended as legal advice or as a substitute for the particularized advice of your own counsel and should not be relied upon as such, as the advice appropriate for you will be dependent upon the particular facts and circumstances of your situation. The transmission or receipt of this information does not create an attorney-client relationship. We provide links to other sites that we believe may be useful or informative. These links to third-party sites or information are not intended as and should not be interpreted by you as constituting or implying our endorsement, sponsorship, or recommendation of the third-party information, products, or services found there. Neither the information nor any opinion expressed constitutes a solicitation to use our services or to purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HORAN and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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TRENDING NOW
Terry Horan Leads ArtsWave Past 2021 Fundraising Goal After a year during which arts had to be reimagined, Terence L. Horan, CLU, ChFC, CAP stepped in to lead the way for our local arts organizations to come back stronger than ever. As chair of the 2021 ArtsWave campaign, Horan announced a fundraising goal of $11 million. “For our region to rebound from the impacts of COVID-19, it will take economic jumpstarts along with ways to bring us out of isolation,” Horan said in a news release. “The arts are a way to accomplish both – but only if arts organizations are financially strong and equipped to innovate.” Under his leadership, more than 22,000 individual donors and 350 companies and foundations contributed toward the campaign to meet and exceed their goal. “In this unprecedented year, I thank the tens of thousands of residents and the hundreds of companies that have invested in the arts as a way to restart our entire region. Cincinnatians recognize how important a vibrant arts culture is to our growth and enrichment as a community and as individuals,” said Horan.
Photography: Artswave
Road Trip! Educating Fiduciaries to Build Stronger Retirement Plans As a retirement plan consultant and former Department of Labor investigator, Paul Carl has traveled the country this year sharing his unparalleled fiduciary expertise to strategically help plan sponsors mitigate fiduciary risk and to set employees on a path towards a successful retirement. Below are a few key learnings from each presentation.
Paul Carl Jr., CHSA, CPFA®
Vice President, Registered Representative*
Las Vegas, Nevada
September 14, 2021
Not everything that happens in Vegas has to stay in Vegas. As a panelist for the National Association of Plan Advisors conference, Paul shared insights on what consultants and plan sponsors are actually looking for when they issue an RFP.
Cincinnati, Ohio
September 28, 2021
Chili-topped spaghetti may be unfamiliar to some but be sure to familiarize your retirement plan advisor when creating a business succession plan. Also, treat the employer stock option plan as a key ingredient throughout the process.
Portland, Oregon
October 7, 2021
No rainy day here! Paul informed retirement plan consultants at M Financial Group’s conference on how to identify their clients’ risk of a Department of Labor audit so there are more sunny days ahead.
Louisville, Kentucky *Registered Representative HORAN Securities, Inc.
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October 12, 2021
While the Derby is known as “The Fastest Two Minutes in Sports”, ensure you’re spending that saved time during the RFP process. It can be more time consuming than benchmarking but provides a much more in-depth analysis for your retirement plan.
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TRENDING NOW
HORAN Employees Exceed Goal For United Way In the spirit of The HORAN Way and HORAN Fundamental #26 (Give Back, Pay It Forward), HORAN encourages all its associates to give back their time, talent and treasure to local organizations. For the past 33 years, HORAN has held an annual campaign to fundraise for the United Way. Last year, we raised over $118,000 and were recognized as #8 on the Tremendous 25, a recognition of the highest per capita giving companies. With a 2021 goal of $100,000, our employees exceeded expectations by raising $128,004. By partnering with the United Way, our associates have the opportunity to direct their donation to a specific organization, giving them the ability to directly contribute to the programs most important to them. Throughout the two-week campaign, HORAN packed snack bags for underprivileged children and assembled bilingual literacy bottles to increase the success rates of incoming Hispanic kindergarteners in Kentucky. We had some fun too with a virtual cooking show and everyone’s favorite game, Bingo!
employees raised $128,004 for the United Way
Volunteers pack snack bags for underprivileged children and assembled bilingual literacy bottles to increase the success rates of incoming Hispanic kindergarteners in Kentucky.
Jamie Moon our Director of Human Resources hosts a virtual cooking show showing us how to make her famous eggplant Rollatini, Rigatoni with Broccoli, Garlic & Oil and Italian Pear Cake. www.horanassoc.com
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CLIENT SPOTLIGHT
Celebrating 100 Years of CBT For the past century, The Belting Company of Cincinnati CBT’s competitive differentiators include a combination of (CBT) has stayed connected to its roots. In 1921, Albert deep expertise, a wide portfolio of products for its clients Stagnaro, an Italian boot maker, and his brother used leather and delivering enhanced quality of life experiences for their crafting skills to make line shaft belts to serve the booming employees. manufacturing industry in Cincinnati. Now, CBT serves the Ohio and Northern Kentucky regions with 269 professionals “The goal of our health benefits and retirement plans is across three locations and represents hundreds of the best- to provide our employees with options that best fit their known brand names of automation, electrical, mechanical personal situation and help them achieve a level of financial power transmission and belting products in the industry. security to meet their personal goals in retirement,” said James E. Stahl Jr., President and CEO of CBT. When James E. Stahl Jr. purchased the business in 1975, he used the company’s core values of hard work, integrity CBT’s mindset towards employee benefits has evolved from and partnership to guide every business decision. The traditional health programs to fostering a better quality of company’s decades of success came from listening to life for their employees. CBT has adapted to the changing customers’ needs and by building trust with clients through health care marketplace with the help of HORAN’s expertise proven expertise. to identify, understand and evaluate the options available.
1988 1921
1975
Albert Stagnaro and his family started The Belting Company of Cincinnati.
Jim Stahl purchased The Belting Company of Cincinnati.
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1980 CBT expanded its offerings into the bearing business.
1986 Rockwell Automation appointed CBT distributer rights to Allen Bradley drives.
Rockwell Automation added industrial control products to CBT’s distributor rights. CBT moved its headquarters from Pete Rose Way to its location on West Sixth Street.
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CLIENT SPOTLIGHT
“HORAN has played a key role in educating our workforce on the benefit plan offerings as well as providing specialized educational programs targeting financial wellness,” said Stahl. Through employee benefits and beyond, CBT is committed to taking care of its employees and customers. “We are so excited for CBT to reach this historic milestone. It has been a privilege to work with them for the past 25 years and personally see how they have lived out their core values of hard work, integrity and partnership,” said Julie Tople, CBT’s Account Manager at HORAN.
Julie Tople, CBC
Senior Account Manager — Dedicated to CBT’s Health Benefits Strategy for 25 Years
1989
2000
CBT added a warehousing facility in Dayton to better serve its Northern customers.
With continued growth, CBT built a new sales and distribution center in Springboro, Ohio.
Photography: The Belting Company of Cincinnati
2004 Rockwell Automation named CBT as its sole distributer for the Cincinnati and Dayton market.
2016 CBT expanded to a third location in Sidney, Ohio. After 30 years of growth, CBT built its current headquarters in Columbia Township.
2021 CBT celebrated 100 years of business.
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PRESORTED STANDARD US POSTAGE PAID CINCINNATI OH PERMIT # 8093
8044 Montgomery Road Suite 640 Cincinnati, Ohio 45236
HORAN has been honored with local, regional and national awards that recognize our corporate culture and talented workforce.
Best Places to Work Finalist:
2005 2006 2008 2009 2010
2011 2012 2013 2014 2015
2016 2017 2019 2020 2021
Best Places to Work Winner:
2009 2020 2015 2021
Great Places to Work Winner
2016 2020 2018 2021
Horan Securities, Inc. (Horan Wealth Management) is dually registered as a Registered Broker/Dealer and as a SEC Registered Investment Advisor, member FINRA/SIPC. Horan Capital Advisors, an affiliate of Horan Securities, is also a SEC Registered Investment Advisor. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. Investors should always review the history of any broker-dealer representative with FINRA at: https://brokercheck.finra.org/. Investors can also check information regarding any Registered Investment Advisor by obtaining a copy of Form ADV or Form CRS at adviserinfo.sec.gov. Investors should also review SEC investor resources at: https://www.investor.gov/.