Benefits

AllHRMatters expertise provides you the necessary tools to design, implement, and manage a benefit program that supports corporate strategy, while identifying short-term and long-term opportunities for cost-containment and improved employee health and wellness. Once opportunities are identified, our team develops and implements a plan of action that works for you throughout the year – not just at plan renewal.

Whether your benefit needs include managed health care, executive benefits, work-life and wellness programs or government compliance concerns, AllHRMatters will assure you passion, innovation and accountability in our approach.  AllHRMatters will assist you to:

  • Gather, review and evaluate current benefit plans, financial data and funding arrangements
  • Determine if your current plan meets your objectives
  • Market lines of coverage to appropriate carriers based upon your dynamics and demographics
  • Review contracts and summary plan descriptions
  • Improve your employee communication programs
  • Market lines of coverage

Benefits Services

 

  • Plan Design
  • Program Analysis
  • Compliance
  • Plan Administration

 

Plan Design

  • Formalize your employee benefit plan objectives
  • Analyze plan design and recommend changes to meet goals and objectives
  • Compare program competitiveness with other employer’s plans
  • Present new benefit concepts for consideration
  • Advise on industry consolidations, mergers, and acquisitions
  • Review all contracts for possible gaps and omissions

Managed Health Care

  • Assist in selecting alternative delivery methods (HMO, PPO, POS plans)
  • Assist with coordination and communication of alternative plans
  • Analyze and evaluate fee discount data/savings

Work/Life and Wellness Programs

  • Design and marketing of Employee Assistance Programs (EAP) and Wellness programs
  • Health risk appraisals
  • Stress management
  • Paid time-off program design

Executive Benefits

  • Evaluate need and company’s philosophy
  • Review options and create supplementary benefit programs
  • Assist with presentation and implementation
  • Provide ongoing monitoring and support

 

 

Benefit Cost Analysis

  • Monitor and report benefit plan experience
  • Negotiate competitive renewals
  • Review funding alternatives
  • Market plans and price new benefits
  • Present claims and utilization control design features

 

 

Government Compliance

  • Support you with mandated IRC nondiscrimination requirements
  • Consult on ERISA reporting and disclosure requirements
  • Review COBRA compliance
  • Revise plans to comply with mandated benefits (e.g., FMLA, Mental Health Parity Act, HIPAA, Newborns’ and Mothers' Health Protection Act, Women’s Health and Cancer Rights Act), including other human resources-related issues
  • Assist in the development of human resources policies and procedures as they relate to the benefits program

 

 

 

Employee Communications

  • Update employee booklets/Summary Plan Descriptions
  • Review or prepare benefit employer/employee communication materials
  • Prepare strategy for comprehensive employee communication
  • Organize and assist with employee enrollment meetings
  • Assist in the creation of presentation materials

 

 

 

Projects:

Created FMLA database inclusive of 76,000 leave of absence/intermittent leave of absence records.  The new database facilitated transition of leave of absence administration to an outsourcer.  The outsource solution removed compliance risks, decreased organizational spend on FMLA related matters and created consistency in FMLA administration across the enterprise

Implemented automatic enrollment in 401 (k) defined contribution plan resulting in increased participation of 15%

Identified cost savings of $30,000 via the outsourcing of 401 (k) QDRO and life insurance claims

Successfully transitioned the administration of a 40,000 participant cash balance pension plan following an acquisition

Managed 401(k) defined contribution plan with 2 BIL in assets and 63,000 active participants

Managed employee stock purchase plan (ESPP) with a total of 16,000 participants

Selected new vendor and managed conversion for Employee Stock Purchase Plan resulting in an annual cost savings of $100,000. This initiative also provided participants with on-line account access

Championed compliance and strategic initiatives that saved $500,000 annually on health insurance plans

Decreased cost of  health care spending by effectively channeling benefit utilization, creating awareness of benefit plan options, establishing a reward structure for wellness program utilization and improving benefit programs communication

Negotiated vendor relationships, managed open enrollment, and championed on-line benefit enrollment initiatives

Developed and implemented new Paid Time Off program and the associated training and communications programs. Organization saved 2MM in costs associated with paid time off benefits

Initiated cost savings of $186,000 via health and welfare benefit plan random quarterly dependent eligibility audits

Identified cost savings of 3.1 MM via student eligibility audit for participation in health and dental plans