Why Do I Need A Group Benefits Plan?

A group benefits plan typically provides coverage to employees in the following areas: Life Insurance, Accidental Death and Dismemberment, Dependent Life Insurance, Critical Illness, Short Term Disability, Long Term Disability, Extended Health Care and Dental. 

 

A good group benefits plan can help retain valuable employees and attract new employees as well as drastically cut down on employee turn over. Research consistently indicates that employees place a high degree of value on their benefits plans.

 

diverse, multi-generational workforce has created many different needs, making plan flexibility of great importance. The old “cafeteria” style flex plans were often complicated and involved a lot of administration. Now, there are other, more simplified ways to achieve flexibility that are still cost effective and require minimal administration. 

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What Can I Expect?

Our goal is to provide a competitive benefits plan for our clients that runs smoothly, is cost effective and worry free. Complete accessibility, transparency and simple, same-day communication is our strength. Once on board, smooth navigation is our focus. 

We can

  • Aid in identifying and solving problem areas with regards to structure and tax effectiveness

  • Implement a new plan or amend an established plan.

  • Identify executive compensation and reward key employees through enhanced benefits (key to employee retention).

  • Ensure Short Term Disability and Long Term Disability programs offer adequate replacement income for employees

  • Provide information on all the factors that go into developing rates

  • Challenge unjustified rate increases effectively

  • Create cost containment strategies

  • Manage group plans

  • Recommend changes as company evolves

  • Explore the advantages of different funding arrangements. 

  • Tackle issues which alleviates the plan administrators workload.

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