EMPLOYEE BENEFITS

Over the years, the pace of our lives has increased at a rapid rate. All employees, from executives to support staff, are faced with hectic lifestyles and plagued by constant deadlines and frequent travel. This has meant that employees have to constantly juggle their private lives around their busy work schedules,

The challenge for all companies today no matter what their size, is to assist employees in finding a balance in their work/life pressures. Firms are no longer rated solely on the basis of assets, profit or turnover, but also on how they treat their employees and what they provide to enhance the work environment.

To provide tools for employers to recruit, retain and retire high quality employees, while offering the lifestyle choices in demand in today’s workplace, Customplan Financial Advisors provides the following benefit options for your company:

• Extended Health Care
• Dental care
• Critical Illness
• Long term disability and Short term disability
• Employee and dependent life insurance
• Accidental death and dismemberment

Alternative Benefit Plans

• Flex Plans
• Administrative Services Only Plans

Other Programs

• Employee Assistance Program
• Private Health Services Plans (Cost Plus)
• Funding Buy/Sell Agreements
• Key Person Insurance
• Group RSP/Pension
• Individual Pension Plan
• Business Continuation           

How we work with you
The Employee Benefits Division is made up of experienced professional employee benefits specialists and service personnel dedicated to helping your firm get the most of every dollar directed to this form of compensation. We assist businesses to become employers of choice by implementing innovative compensation plans for their employees, utilizing cutting edge cost containment strategies and proven tax effective structures for effective benefit and compensation delivery.

The Need
In today’s modern competitive employment climate, employers are looking for innovative ways to attract and retain and retire the best people available to them and their firm. This has been proven again and again to not only increase the bottom line, but to also improve the environment within which to work.

The Solution
Successful businesses look to an Employee Benefits Specialist to assist them in the application of solutions to the problems of recruiting, retaining and retiring high quality employees. Employee Benefits are an effective way of compensating employees. These products and services add value to the employee’s situation, and do not usually increase their tax positions.

How Does It Work?
Employee health and dental benefits can be broken down into two major pricing models. Pooled benefits, and Experience Rated benefits.

Pooled benefits are characterized by all premiums being deposited into a general fund from which claims are paid for many different employers plans. These benefits usually are made up of Life Insurance, Accidental Death & Dismemberment, Dependant Life Insurance, Long Term Disability, and in some cases Short Term Disability.

Experience Rated benefits are different. These extended health and dental claims are essentially, only financed on behalf of the employer by the insurer.

The insurer and employer agree on a target of claims vs. premiums for the administrative service of adjudicating and paying of claims. This is a “Target Loss Ratio” or cost charged to the employers plan by the insurer to finance these claims on behalf of the employer and employee. If a plan allows for 70% of all dental premiums to be paid out in the form of claims, the plan has a 70% Target Loss Ratio, giving a total cost of 30% (or $0.30 per dollar) of dental premium charged.  These charges include administrative costs, profit for the insurance company and commissions.

Our Focus
To assist business owners in the recruitment , retention, and retiring of high quality employees, using tax effective compensation to deliver the most value to the employee, and business owner alike. We strive to provide the most effective benefit plans utilizing innovative plan designs, and tax effective strategies for benefit delivery. Through extended health and dental plans and pension type benefits, these goals can be realized.

Your Next Step
Your next step is to meet with one of our specialists, and discuss how we may be able to help you. We have assisted many corporations, some in very similar situations to your own. You can be the judge of our value by your reaction to the ideas that we bring to you that have helped other successful organizations.