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We pride ourselves on making group benefits and group retirement products very simple to understand and implement.
In most cases our process consists of three meetings:
We're able to host all meetings virtually and this allows us to support clients across the province. Our slogan is "Setting the Bar for Benefits" and that really guides us in the decisions that we make. |
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Discovery Meeting: In this meeting we first discover what the company's goals are. If we know the company has clear goals and directions the decisions are much easier to make. We then focus on our 4 key areas of Plan Management:
- Plan Structure: We have a simple checklist for this, the idea is that you want your plan to not just be competitive within your industry but to set the bar. These questions are guided to ensure your current or desired plan structure achieves that goal.
- Employee Satisfaction: Most people know their ideal client profile but they don't fully understand their ideal employee profile. When we know the type of employee thrives in your company, we structure a plan that will attract and maintain that type.
- Plan Administration and Liability: You would think that this would be a given with any plan but it is often neglected. This covers everything from ensuring the payroll deductions are handled properly, all employees qualified for the plan have been enrolled and the company has a written policy surrounding how benefits will be covered for employees during maternity leaves, leaves of absence and disability. We avoid many issues just by having this 10-15 minute question period.
- Executive Benefits: This isn't necessarily as it sounds, its not about offering better benefits to executives. There are key people in the company that hold a majority of the knowledge or have key roles that would be detrimental if they were out of commission. So many times they are just covered under the standard benefits when in fact they have special and more comprehensive needs. Not to mention that there are a lot of tax advantaged benefits that aren't ever deployed because the right questions weren't asked.
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Draft Meeting: This is exactly how it sounds, we combine all of your concerns and goals into a proposal document that is stamped DRAFT. We are showing a draft and asking for feedback, we want to make sure that we understood your needs and goals correctly and are delivering to our standards and yours.
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Deployment Meeting: This is where we help you implement the strategies that we have come up with. We have a team that is very supportive of this whole process and we have very unique ways to ensure the plan is communicated effectively.
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