TOTAL BENEFITS MANAGEMENT PROGRAM
We provide one of the most comprehensive and thorough employee benefits consulting service in the industry. Our clients are given the consultation necessary for the effective management of their entire benefit programs. Consider us your benefits manager, but without actually being in-house or on your payroll. Please feel free to contact us for more details.
Our Total Benefits Management Program includes:
Comprehensive Initial Audit of Your Program:
- Cost/Benefit ratio analysis of all benefits
- Cost sharing allocation/re-allocation
- Taxability of benefits
- Demographic and experience history analysis
- Funding - a critical area in any program that determines overall competitiveness.
Comprehensive
Market Surveys (if deemed necessary):
We will obtain quotations based
on your existing program as well
as based on our strategies. To ensure we left no stone unturned for
you we invite all insurance companies and several independent suppliers
to bid on your account.
Change in
Carriers (if deemed appropriate):
If
a change in carriers is deemed appropriate, we will ensure that the
transition will be an uneventful one by:
- Assisting in communicating the program to employees using announcement letters, video presentations and employee meetings
- Thoroughly reviewing all documents that are submitted to and received from the insurance company
Ongoing Services:
- Assisting with any problems that may arise.
- Monitoring the utilization of the program by reviewing and reporting on the claims experience on a quarterly basis.
- If regular monitoring of the experience indicates deterioration, we have three levels of claims control programs.
- Analysing and negotiating the renewal with the insurance company to ensure the carrier is adhering to projections.
- Conducting comprehensive market surveys every few years or whenever there is a significant change.
- Monitoring government and market trends and keeping you posted.
- Conducting employee meetings when there are major plan changes as well as monthly "Lunch N' Learn" meetings
Worksite
Wellness, Employee Assistance, Legal Assistance & Executive Financial
Planing Programs:
We believe
these no cost or very low cost programs add a new important dimension
to benefits' programs. They help
to improve your employees' health and reduce some of the stress, which
may contribute to low productivity and absenteeism . This in turn will
contribute towards making your employees healthier thus increasing productivity
and subsequently profitability. A healthier work force produces more
and costs less.
Pension
& Retirement Benefits:
We recognize the importance of looking towards
the future, and helping your employees establish a retirement plan is
another essential component of your benefit program. We will review
or help establish your retirement programs including Defined Benefit
and Defined Contribution Pension plans, Group RRSP, Deferred Profit
Sharing and Individual Pension Plans.
Mergers,
Acquisitions and Divestiture:
If you are considering acquiring,
divesting or merging with other businesses, we have the experience and
the capability to conduct the necessary benefits' due diligence.
Third-Party
Consultation:
In addition to providing the above services directly
to our clients, we also provide these same services to clients of other
brokers and consultants who may lack the necessary expertise in those
areas.
Executive
Benefits Programs:
Most benefits programs are designed to provide
benefits to meet the needs of an average employee and fall short of
meeting the needs of your executives. We provide a number of specialized
services that are designed to assist your executives in co-ordinating
their benefits programs with their unique financial needs. You will
be able to ensure that all your executives' personal financial needs
are well taken care of by trusted and committed advisors.
Additional Products & Services: In addition to the extensive services mentioned thus far, we also offer our clients an extensive array of additional products and services through our strategic alliances.
