Employer Flat-Dollar Contributions to Benefits, an idea worth exploring

Smart employers and their benefits advisers annually review their benefit offerings to identify areas in which they can control the cost of medical premiums. Employers and employees recognize that most of the increase in employee compensation during the last decade has not flowed to employee’s bank accounts, but rather to medical insurers in the form of higher employer contributions to premiums. As a result, a growing number of employers are exploring the advantages of a defined-contribution approach to funding employee benefits. Call us today for a review of your current benefit plan and let us show you how you can control your costs with a defined-contribution plan for all of your employee benefits.