hrtechoutlook
Jaeger & Flynn: Experts in Employee Benefits Management

Top 10 Employee Benefits Consulting/Service Companies - 2020

Today, as companies are constantly judged on their workforces’ well-being, organizations are constantly seeking to implement technology tools that can help them transform their existing employee benefits endeavors. This rising need for next-gen, tech-driven employee benefits programs is poised to have a big impact in the overall business landscape as The Bureau of Labor predicts the U.S. corporate workforce to comprise of 19 millennial employees by 2025. And due to their digital savviness, the future workforce will prefer to join firms that offer digital services for medical insurance, vacation, profit-sharing, and retirement benefits, among other key employee benefits.

In pursuit of building a company that future candidates would prefer joining, industry leaders and executives are looking at newer aspects of employee benefits like overtime, salary exchange, 401 (k), and more. However, as there are no services that can cater to the unique and specific needs of all the organizations, C-suite executives are driving collaborations with innovative employee benefits services providers. These vendors collect the existing workforce management, wellness, and benefits structure of a firm and leverage their extensive industry expertise to tailor programs that ensure increased employee engagement and program usage. At the same time, as the current employee benefits service providers employ emerging technologies within their offerings, their clients often struggle to sift through the complexities and gain the promised benefits. This problem is also addressed by services and consultation companies and their offerings geared to aid clients in effectively implementing and integrating their employee benefits deployments with other tech tools.

Looking ahead, the employee benefits arena is poised to become a space where HR departments automate cumbersome paper-based tasks and develop programs based on insights extracted from large datasets of employee information. As a result, organizations across several industry sectors will be able to draw in the rising millennial candidates and help them boost their productivity through the provision of seamless and extensive employee benefits.

To simplify and help CHROs navigate the employee wellness services landscape, HR Tech Outlook has come up with special edition, where HR Tech Outlook’s editorial board has identified the “Top 10 Employee Benefits Consulting/Service Companies – 2020.” The companies showcased in this issue have exhibited extensive knowledge, strategy, and means to delivering services that ensure effective and long-term employee benefits.

Top Employee Benefits Consulting/Service Companies

Corporate Benefits Network understands and are prepared for the changes in healthcare reform and all of the Employer Compliance challenges. Corporate Benefits Network, Inc. has been a trusted source for employers for over twenty years. Our clients include organizations of all sizes, representing a broad range of industries including Financial Services, Manufacturing, Healthcare, Hospitality, and Technology. Our expertise and outstanding service combine to make us uniquely qualified to deliver professional results through dedication, creative excellence, and leading-edge technology

corporatebenefitsnetwork.com

The company is a provider of group benefits, risk management, business insurance, and HR consulting & compliance services. Today, right from medical plans to alternative healthcare funding arrangements, and worksite wellness programs and initiatives to benefit administration services, Jaeger & Flynn offers them all. Besides, the company also provides supplemental and voluntary insurance options to help businesses improve their employee experience. Whether it’s sourcing benefit plans and underwriting, or TPAs including HSAs, FSAs, and HRAs, and HR support, the company is renowned for laying out strategies that align with its client’s future goals. Having worked with various software companies including Employee Navigator, Jellyvision, PDHI, Springbok, ThinkHR, and WEX health, the company has indeed carved a unique niche for itself in the market due to quality of its services

www.jaegerflynn.com

Spring Consulting Group, an Alera Group Company, is a multidisciplinary employee benefit and risk management consultancy which offers a full spectrum of health, welfare, risk,and retirement consulting services. The company optimizes its clients’health and productivitystrategies ‘to bend the healthcare cost curve.’ Spring’s comprehensive services also help clients stay conversant with recent employee benefit and risk management trends and industry best practices.This maximized the employers return while enhancing employee experience and also supports talent acquisition and retention goals.While forming strategies to overcome the challenges clients are facing, Spring takes a problem-solving and value creation route.Already a market leader in the employee benefits, integrated disability management and risk management and funding spaces, Spring is continuously expanding its service offerings

springgroup.com

Stone Tapert Insurance Services is a premier benefits consulting firm located in Sierra Madre, California. We are focused on enhancing workplace performance through providing customized, best-in-class employee benefits programs and comprehensive solutions for individuals. We leverage the buying power of our exclusive agency partnerships, offer advanced technology for information, consultation and administration and use our deep experience to customize benefits programs for employers and individual benefits needs. The combination of large firm buying power, industry expertise and our small firm flexibility allows us to provide personalized attention and world class services

stonetapert.com

Americhex

Americhex

Americhex focuses on providing exceptional value with innovative payroll solutions at an affordable price to small and mid-size companies. We make payroll processing easier, more convenient and cost effective to you and your business. By streamline your payroll process from data collection to check distribution, Americhex can improve your company productivity, simplify administration and reduce cost. Whether you are interested in traditional payroll, paperless payroll or paperless HR, Americhex has a time-saving and cost effective solution for you

Benefit Administration Company

Benefit Administration Company

Established in 1980, Benefit Administration Company is a Seattle-based employee benefits administration and consulting firm serving over 600 client relationships throughout the West Coast. With our comprehensive approach to Benefits Management and Consulting we are able to tailor our services to fit clients’ specific needs. BAC has been providing plan sponsors with administrative and consulting services for over 30 years. Working in cooperation with our client’s human resource professionals and professional advisors, we proactively participate in the design, implementation, and management of innovative client-focused benefit solutions

Benefit Controls

Benefit Controls

Benefit Controls is a privately held Southeastern corporation with offices nationwide, and that continues to experience steady growth. Our philosophy is simple — deliver outstanding service consistently. When it comes to designing and managing employee benefits, employers have a lot to consider. We develop partnerships with our clients so that we can work with them to conserve costs, enhance benefits, and ensure quality. We only work with financially sound companies that maintain high ratings by A.M. Best, the insurance industry's leading evaluator. We specialize in meticulous evaluation of consolidation of benefit offerings and see ourselves as an extension of the human resources department of our clients

EverythingBenefits

EverythingBenefits

EverythingBenefits automates every facet of Benefits Administration for thousands of mid-to-large organizations reducing compliance risks, eliminating paperwork and lightening workloads. Our AI-powered solutions include: Benefits Enrollment & Management, Carrier Connectivity, Benefits Reconciliation, automated Dependent Eligibility Audit, New Hire Reporting, 401(k) Integrations, Consolidated Billing & Payments, COBRA Administration and ACA Compliance and Reporting

Extensis Group

Extensis Group

Established over two decades ago, Extensis is one of the largest Professional Employer Organizations (PEOs) in the U.S. and is the fastest growing PEO in the Northeast. Today, we manage over $2 billion in employment-related costs annually. Small and medium-sized businesses recognize that the Extensis promise to simplify HR delivers an even greater value—time to focus on growing their businesses. We deliver on our promise by developing personalized PEO solutions, delivering local, personalized service to all levels in a client’s organization, and keeping the HR experience efficient with advanced technologies. Our comprehensive portfolio includes personalized services for HR, benefit plans, payroll and taxes, employer risk, compliance, and employee management. A highly regarded PEO, Extensis is among the five percent of PEOs with an Employer Services Assurance Corporation (ESAC) accreditation, the nationally recognized gold standard for PEO reliability and financial assurance. Extensis is also one of only around six percent of PEOs to be designated as a Certified PEO (CPEO) by the Internal Revenue Service

Web Benefits Design Corporation

Web Benefits Design Corporation

Web Benefits Design Corporation delivers extraordinary employee benefits technology and services that empower consumers and exceed client expectations. Our specialty is fusing technology with business requirements and our client’s reality. Anyone can do a demo – that’s the easy part. The challenge is combining multiple platforms, carriers, payroll systems and third parties within one, cohesive environment and maintaining data accuracy. Web Benefits Design integrates proprietary workflow and data tools with highly flexible software written by domain experts in benefits and technology. We consistently deliver amazing solutions to our clients, members and business partners