employee benefits

Whether your business is just getting started or you have been in business for years, it is important to review your employee benefits options.  If you do not currently have an employee benefits plan in place, we can assist you in determining what your needs are while staying within your budget.  If you have taken steps to put employee benefits in place, we can work with you to review your existing plan to ensure it is suitable for your needs and that you aren't paying more than you need to.

Employee Benefits:

• 401k / Retirement Planning
  •  When choosing the right retirement plan it is important to take a variety of factors into account including cost and contribution limits. With a variety of different plans available and various plan designs and funding options, it is important to ensure you have the right plan in place.   To assist you with this process and ensure you have the most suitable plan for the best value, we offer a unique service, "Retirement Plan 360". The Retirement Plan 360 evaluates your plan in five key areas.
    • Plan Design
    • Plan Administration
    • Plan Investments
    • Fiduciary Compliance
    • Education and Communication

• Executive Retirement Benefits
  • Most retirement plans, including 401k plans are non-discriminatory.  This means you cannot contribute more to key executives than you are to your Non-Highly Compensated employees.  While this is the case for most retirement plans, there are a few strategies, including Non-Qualified Deferred Compensation plans, that allow you, as the employer, to put a plan in place for key employees only. These plans can be used to reach your personal goals while retaining key executives.

• Group Health Insurance
  • Health insurance is the most important employee benefit you can offer to your employees.  With hundreds of plans available with various plan designs, it is important to be sure you have the best plan in place for you, and your employees, at the best price.  Through our comprehensive Health Insurance 360, we can take a 360 dergree look at your plan to ensure it is suitable for your company.

• Group Life Insurance
  • Life insurance is a key benefit for employees. Offering a small life insurance policy to your employees can give you a tax deduction while showing your employees that you have their best interest in mind. It can also help with employee retention.

• Group Disability Insurance
  • Most people insure their cars and their homes but fail to protect their income.  What would happen if you were unable to work? Your income is by far the most valuable asset in your working years and should be adequately protected. Disability insurance is the most efficient way to protect your income because it pays you a portion of your income if you are no longer able to work due to illness or disability.  As an employee benefit, disability insurance can be offered to all, or just a group of your employees.

• Group Long-Term Care Insurance (LTC)
  • With long term care costs growing exponentially the need for LTC insurance is growing as well.  Advances is bio-science have lead to longer life expectancy, and, with older age comes the need for assistance. With baby boomers reaching retirement, the need for long term  care over the next 20 years is going to grow substantially.  Unfortunately, with growing need comes higher cost.These costs often cause your retirement accounts to decrease at a much faster rate than expected.  To protect yourself, and your employees, LTC insurance can be used.                    
    As an employee benefit, LTC insurance can be employer paid or employer sponsored.   When it is employer paid, the company may choose who they would like to offer the benefit to and are not required to cover all employees.  When the plan is "employer sponsored", your employees get the benefit of a group discount and can choose whether to participate.

• Financial Education
  • Financial Education is one of the most important employee benefits that can be offered.  Through quarterly educational workshops, we work to educate you and your employees in a variety of different areas including, retirement planning, life insurance,economic trends, college savings, and much more. In addition, we have found that when your employees are informed, they spend less time searching for the information on their own. This leads to higher productivity in the office and an increase in morale. To schedule an on-site meeting for your company please contact us with a list of dates that will work for the group.