| Benefits are important to any organization. Finding
the right benefits to fit your organization’s needs
with both options and costs can be difficult. We are here
to help the process. We have either increased benefits and
options or reduced costs in a market that is realizing a
double-digit increase annually for the last several years.
No matter the size or location of the organization, the
level of benefits needed or the size of the plan, there
is a solution and we will find it. We can provide value
to your current program or create an effective plan that
works.
Take a look at a general Benefit program:
This example is calculated for Medical, Dental, Vision,
LTD and Workers' Compensation
| Payroll Averages: (based
on 50 employees - 2003) |
| Annual
Salary |
Per
Pay Period |
Annual
Per Person |
Annual
Bonus |
Annual
Total |
$3,120,000 |
$120,000 |
$62,400 |
$374,400 |
$3,500,000 |
Benefits
Averages: (based on total salaries/payroll above) |
Program |
Per Pay Period |
Cost Per Person |
% |
Annual
Costs |
| 90/10 |
$137,829 |
$637 |
13.47% |
$463,545 |
| 90/10 |
$136,822 |
$601 |
12.52% |
$437,361 |
| 80/20 |
$135,711 |
$561 |
11.69% |
$408,495 |
| 80/20 |
$134,300 |
$511 |
10.64% |
$371,804 |
| 70/30 |
$125,454 |
$195 |
5.05% |
$141,814 |
| 70/30 |
$124,854 |
$173 |
3.61% |
$126,214 |
Thanks for visiting from the team at HR Wave |
