How our Employee Health Benefits Consultants Saved a Construction/Engineering Company a Cool Quarter-Million Dollars
A construction company with 58 employees was concerned about their total costs including workers compensation, administration fees and medical benefits costs. They called BE Group and we performed a total market analysis. We gave them the option of staying with their current provider and saving $140,000+. But by shifting to an alternative provider with exactly the same benefits, the net result was that we provided a 32.52% savings equating to $252,677.18.
How We Saved a Major Plumbing Supply Company $162,444.17
A major Plumbing Supply company with 80+ employees in the NY metropolitan area was using a big PEO payroll company for their benefits. Because of the competitive nature of their business they relied on high volume instead of high margin, necessitating a large sales and service crew. When their PEO hit them with a large increase at renewal, they came to BE Group. We analyzed their situation and gave them several options including staying with the PEO at a reduced cost. The largest cost savings with the same exact benefits was $162,000 which amounted to over 35% on their premium.
How Motivated is Your Benefits Broker to Help Your Business? Maybe you Need an Employee Health Benefits Consultant like BE Group.
Let’s face it, today’s business environment is unsettled at best, and probably as unpredictable as it gets. So you need trusted advisors who not only are expert in getting you the best value for services, but truly care. Benefits is probably one of your biggest expenses because skilled key employees who not only are specialists in your industry, but just as importantly understand your company process and culture are invaluable. And they demand best-of-breed benefits… as you try to save costs. Has your broker been acting on these needs? Have they even contacted you to discuss the situation, knowing how unstable it is? When did you hear from them last?
For 30 years we’ve been there for companies just like yours. Paying attention. Saving money. Providing the value you deserve.