Benefits are critical components of human capital
Most business leaders understand the value of employees – they are the human capital that drives the productivity of your organization. You probably refer to them as your number one asset. You depend on them to provide extraordinary service and innovative ideas, the competitive edge you need to survive in tough economic times. Making certain that your employee benefits, including your 401(k) plan, executive deferred compensation, and your health care benefits, align with the needs of your employees and your business is a critical element of your success – this is true for both your domestic and international employee benefits.
Minimizing costs and maximizing efficiencies are always important when running a business, including when considering employee benefits. So what else should you focus on?
If you are looking for answers, we can help. Plante Moran’s employee benefits consultants specialize in integrating people issues with business strategies. We have experience helping companies in a wide range of industries, including not-for profits
, and banks
Ensuring compliance and savings
You will appreciate our approach to designing, implementing, and supporting your employee benefits plans. The expert benefits consultants of Plante Moran look at your situation from many perspectives, including design, cost, administration, tax, accounting, and legal compliance.
If you are a retirement plan sponsor, we can help you select the service providers who will meet your fiduciary responsibilities as required under ERISA. In most cases, our process helps employers find service providers that save money for them as well as plan participants.
The Plante Moran employee benefits consulting team can be the independent party that represents you in negotiations with your healthcare providers. Our benefits consulting professionals can help you set strategy, evaluate plan performance, mandate transparency, and cap certain underlying fees with respect to all aspects of plan operations. This means gaining an understanding of who’s doing what, when, how, and for how much, so that you can use that information in future decision making.
We can also help you design qualified retirement plans as well as retention and incentive plans so that you can retain the employees you rely on for success. When you need a consultant who understands employee benefits and how they fit in a business strategy, you can depend on our team of experts.