5 Reasons Why Businesses Can’t Sponsor Their Own Benefits Plan?

self managed benefit plans

I’ve been out to a number of clients who don’t have a benefit plan. There are some business owners that I’ve met that are attempting to self-manage their own benefit plan. They see that it’s a necessary step to help attract and retain employees.  Introducing a benefit plan helps to legitimize the company in the eyes of employees, suppliers and … Read More

What are the 4 Services You Must Get Rid of from your Employee Benefits Plan?

ORPP means for business

Some benefits on plans should be eliminated or enhanced to give more value to employees and stakeholders.  By having them on your plan, they are subject to abuse.  It is not necessarily your employees’ fault, and the practitioners are all too willing to take your benefit dollar as far as it can go.  Since benefit renewals are all based on … Read More

Has Work-Life Balance Actually Increased or Decreased During the Pandemic?

work life programs

Prior to Covid, things were changing in the corporate world. Many employers are starting to recognize the importance of encouraging a work-life balance among their employees. And, in today’s competitive job market, family-friendly work environments are becoming all the rage – for a good reason.  But almost overnight, things almost flipped on its head Since the start of the pandemic, … Read More

The 11 Key Elements that an Association Benefit Plan should provide its Membership

Association Benefit Plan

When does an Association benefit plan make sense? In short, the answer should always be. However, this is seldom the case.  Many companies have experienced that there’s a premium to work through an Association benefit plan. Many companies have experienced high administration fees, one-size-fits-all approach, limited service capabilities, ineffective regional coverage and limited supporting technology platforms. Many feel it is great … Read More

How Can Your Benefits Plan Benefit From a Third Party Administrator?

why use a TPA

A prospective client asked me recently ‘why use a Third Party Administrator?’  I thought this was a blog-worthy item of interest and write about it this week as this is not the first time I’ve been asked this question. First of all, it’s important to understand what a TPA is all about and what role do they fulfil within the … Read More