| "What are the Benes?"
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
I'll find it. I 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
(Not including 401K, Stock Options, Profit Sharing, Cobra, and
Section 125)
| 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 |
Extensive experience with either reducing the current cost or increasing
the level of benefits.
|