Employee Benefits Consulting

Our Expertise

Integrating people issues with business strategies

Most business leaders understand the value of employees — they’re the human capital that drives the productivity of your organization. You probably refer to them as your number-one asset. You depend on them to provide extraordinary service and innovative ideas, the competitive edge you need.

Ensuring that your employee benefits, including your 401(k) plan, executive deferred compensation, and your healthcare benefits, align with the needs of your organization and its employees is a critical element of your success. Our employee benefits consulting team will review and model plan design alternatives, develop and install qualified and nonqualified retirement plans, and evaluate third-party administrators to reduce costs and risks.

Employee stock ownership plan design

ESOPs, qualified retirement plans where owners share the company with employees, can strengthen a company, raise working capital, and help carry out a succession plan. We’ll help you determine if an ESOP is the right choice for your organization, and if it is, we can simplify the technical details and identify potential opportunities.

Executive compensation consulting

A well-designed compensation package can be a highly effective way to motivate critical staff and lay a strong foundation that supports the long-term success of your organization. Nonqualified deferred compensation and equity-based arrangements are a focus area for our firm. Our experienced team will help you craft a plan that’s aligned closely with your business goals.

Health and welfare benefits consulting

Get more out of your benefits investment. We’ll review your employee healthcare benefits and create models to analyze the effects of changing various factors such as plan design, funding arrangement, vendor selection, and wellness strategies. We’ll help you implement creative techniques to reduce costs while maintaining or enhancing benefits.

Pension plan settlement

Defined benefit pensions have been in long-term decline, with many organizations closing plans to new employees, freezing accruals entirely, or terminating the plan and giving participants the choice of a lump-sum payment or a set annuity. Our experts will help you select the right settlement while implementing a plan that avoids unnecessary fees and honors your organization’s goals.

Retirement plan consulting

We have the experience and expertise to help you design a retirement plan or a series of complementary plans that can play an important role in your overall strategy for attracting and retaining the most talented people, as well as planning for your own retirement and maximizing your tax benefits. If you already have retirement plans in place, we can take a critical look and introduce strategic changes that align with your organization’s goals for the future. What would the IRS or DOL uncover during an audit of your plan? Our team of specialists can relieve your concerns and ensure you’re in compliance with the strict requirements. With a mock audit/compliance assessment of your employee benefit plans and executive compensation plans, we can help you identify and fix problems before the IRS or DOL come knocking.

Insights

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Client Experience

Reducing employee benefit plan costs and risks

Our team of benefit plan experts has helped countless clients shape their benefits programs in order to retain vital employees and stay competitive. With our wide range of services and extensive expertise, we can help you implement creative techniques to reduce costs while maintaining or even enhancing benefits.

From designing qualified retirement plans, ESOPs, and executive compensation packages to comprehensive benefit plan reviews, you can depend on us to make certain your employee benefits align with your long-term goals.

In the words of Michael Krucker, leader of our employee benefits consulting group, “Our clients appreciate that we deliver solutions that align with the needs of their organization and their employees. We focus on the big picture to understand the impact of decisions rather than simply addressing the question presented.”