 EMPLOYEE BENEFITS CONSULTING
The key to maximizing Employee Benefits programs is to manage cost while meeting the needs of a diverse work force. Sigma Consulting Corp. understands the important issues facing employers and has developed employee benefit strategies to help manage and streamline your employee benefits package. Our team of consultants are experts in benefits maximization with experience averaging over 10 years in the industry. Our services include:
top
Employee Benefits Analysis
Our consultants can provide a complete overview of your current Employee Benefits program and assist in forming a plan of action to reach your departments goals. Our analysis will identify guiding principals and objectives, evaluate alternatives and develop cost saving strategies. A complete benefits analysis includes:
- Plan Design, Pricing and Contribution Strategy
- Funding Arrangements, Re-Insurance Analysis & Consulting
- Claim Audit and Utilization Analysis
top
Specification Preparation & Vendor Selection
Preparing bid specifications can be time consuming and burdensome for employers; however with the assistance of Sigma's Employee Benefits consultants we can prepare, market and provide recommendations for all benefit programs to include Third Party Administration reviews. Our bid specification process includes:
- Initial meeting to discuss your goals and objectives
- Preparation of a customized company and benefit portfolio (Request for Qualifications - RFQ)
- Development of a detailed benefits and services questionnaire
- Outlined performance guarantees
- Vendor Selection
In addition, our industry clout allows us access to the top rated insurance markets to provide for the most competitive results for you, while providing an unbiased recommendation.
top
Voluntary Products Evaluations
In today's benefits atmosphere it is not enough to offer only core benefits. Sigma specializes in worksite marketing and voluntary benefits programs to provide your employees with a full spectrum of benefits and levels from which to choose, including:
- Long Term Care
- Short Term and Long Term Disability
- Medical Bridge and Intensive Care
- Cancer and Critical Illness
- Term, Whole and Universal Life
top
Renewal Reviews and Negotiations
With renewal increases each year it is important for employers to set a budget and stay within those limits. Our consultants can assist with:
- Mid-year renewal projections and budgeting
- Claims and utilization review
- Rate negotiations and justification
top
Government Filing Assistance
Government filing can be complicated, confusing, time consuming and costly if deadlines are not met. Our consultants can prepare and file the necessary filings for you to include:
- Schedule A 5500 forms
- PBGC filings
top
Benchmarking and Stewardship Reports
In today's competitive work atmosphere, benefits are important tools in finding and retaining the most qualified and dedicated work force. Our benchmarking services let you know how your company stacks up to the rest. Our benchmarking reports provide information on:
- National, regional, and local statistics
- Industry and size
- Plan type and plan benefit details
Also, Sigma can provide a combined stewardship report to include all benchmarking data along with renewal projections and cost saving strategies.
top
Benefit Statements and Communications
Do your employees realize their TOTAL compensation? Many times employees view benefits as a given, not a part of compensation. A complete benefits statement allows the employer to show an employee their total value including:
- Compensation
- Employee Benefits
- Workers comp
- Retirement
|
