How We Help Organizations
We partner with high quality organizations and help them manage a dual bottom line. This means ensuring that employee benefit and group retirement programs are meeting the health and financial needs of your employees while balancing with the budget requirements of your organization.
Here’s how we do it:
Most of our relationships span more than 15 years and some as long as 35 years. We think this says a lot about the work we do but more importantly, it says a lot about the organizations we serve.
Employee Benefits Consulting
Awareness of various funding models (Insured, Refund, ASO, Hybrid)
Drug Plan Management
Drug claims are a main cost driver, is you program positioned to withstand high cost drug claims?
Third Party Administration
Ability to use multiple insurance carriers under one administrative platform
Program Design & Tax Efficiency
Review contract details to identify potential changes to reduce cost. Ensure Income Tax Act is being utilized to full potential
Design and monitoring of proactive programs to keep employees healthy and engaged
Preferred Provided Networks
Can offer significant cost reduction without changing providers
Reporting & Communication
Is current reporting deep enough to allow you to make sound decisions? How are you measuring ROI and communicating with employees?
Employer's Fiduciary Responsibility
Review of administrative policies and procedures to ensure employer is meeting their fiduciary responsibility to plan members
Group Retirement & Investment Consulting
Communication & Education
Critical to have a qualified team and not simply rely on the record-keeper. Review & evaluation of existing strategies
Peer Evaluation & Benchmarking
Review of plan design as it relates to industry specific trends. Also include a competitive fee benchmarking
Ensure CAP/CAPSA guidelines & required legislative requirements are met. Review of plan documents to ensure good working order
Review of fund & manager performance compared to benchmark. Review & monitoring of service providers & administrators