Employee Benefits Consulting
Employee Benefits Consulting
At SIMA Benefits Group, we understand the important role that a well-designed employee benefits program plays in drawing in and retaining top talent.
Our employee benefits consulting services are structured to provide your organization with optimal solutions that address the specific needs of your workforce while simultaneously optimizing costs and maintaining regulatory compliance.
Employee Benefits Consulting Services
Benefits Plan Design & Strategy
We partner with you to design a benefits plan that aligns seamlessly with your organization’s vision and employee needs. Together, we ensure your benefits remain competitive and sustainable long-term.
Competitive Analysis & Benchmarking
We collaborate to analyze your current benefits against industry standards, identifying opportunities for improvement. Our goal is to help you offer a benefits package that is both attractive and cost-effective.
Cost Management Strategy
Through a partnership approach, we help you manage and reduce benefits costs without sacrificing coverage. Our focus is on maximizing value while maintaining financial responsibility.
Communication Strategies & Engagement Programs
We work closely with your team to develop communication plans that keep your employees informed and engaged, ensuring they understand and value their benefits.
Vendor Management
We work alongside you to select, negotiate, and manage vendor relationships, ensuring seamless integration and optimal performance of your benefits programs.
Compliance & Regulatory Support
We provide ongoing support to keep your benefits programs compliant with regulations, reducing risks and protecting your organization from potential penalties.
Wellness Program Development
In partnership with your team, we create wellness programs that promote employee health and well-being, enhancing productivity and overall satisfaction.
Alternative Funding Programs
We understand there are various funding options, such as level-funding, self-funding, captives, consortiums, and MEWAs. We’re here to guide you through each of these, helping you choose the best solution for your needs.
What To Expect With SIMA Benefits Group
Initial Planning & Data Gathering
First, you provide us with your plan documents so our team can review your current benefits.
Prepare Request for Proposals
Based on your needs, we then put together customized RFPs and review them with you before sending to the carriers.
Analyze Carrier Proposals
Carriers send back their proposals and our team creates a summary of your options.
Evaluate Technology Platforms
From there, we determine if your company would benefit from a technology platform. We review the pros and cons of each platform.
Plan & Technology Selection
Together, looking at your plan options, we help you select the benefits that best meet your needs.
Employee Renewal Meeting
Our team presents the new plans at your open enrollment meeting. After, we are available for any questions.
Open Enrollment Ends
We submit your employee elections to the carriers. All you have to do is update your payroll deductions unless you have benefits technology that communicates with your payroll.
Plan Implementation & Ongoing Support
You made it! With open enrollment behind you, we are here to provide ongoing support for you and your employees.
Speak With Our Experienced Employee Benefits Consultants
We invite you to partner with our team of experienced employee benefits consultants to explore how we can support your organization’s long-term goals.
At SIMA Benefits Group, we’re committed to building lasting partnerships that enhance your benefits offerings and foster employee satisfaction. Schedule a consultation, and together, we’ll work to continually improve and evolve your employee benefits program.
