Want to Learn About the 9 Biggest Mistakes Made on Benefit Plans?

Biggest Mistakes Made on Benefit Plans

  If you think the benefits industry is child’s play, you’re mistaken.  I’ve listened to a number of benefits brokers “pitches” and if I find their approach confusing then chances are you will too!  It’s not difficult to see that the biggest mistakes made on benefit plans are due to misinformation and the self-serving needs of the benefits consultant. Get … Read More

How Much Should I Budget for my First Employee Benefits Plan?

benefit plan cost

So you’re challenged to get the best employees because you don’t offer a benefit plan.  You run the risk of losing a valuable employee because you don’t have a benefit plan. You want to offer security to employees, but you don’t want to jeopardize your company’s bottom line in the process. What will a benefit plan cost my business? Whatever is … Read More

How To Make Your Employee Benefit Plan Go Further

Make Your Employee Benefit Plan Go Further

To understand cost containment for your employee benefit plan, you need to understand the cost breakdown of a typical plan.  The average cost of employee benefits is about $3,000 per employee per year.  Approximately 15% of that is made up of administration fees, and the rest (85%) comes from benefit claims costs.  Most insurance companies say they will save you … Read More