Group Benefits Process

Phase One - Determine Overall Plan Strategy

  • Determine management's philosophy and perception of employee benefits
  • Conduct an employee survey to determine needs
  • Evaluate current benefits in light of your company's anticipated needs
  • Examine financial considerations - budgets and funding mechanisms
  • Address regulatory issues such as employee eligibility, and contract compliance
  • Set objectives and timing goals for completion of all phases

Phase Two - Plan Design

  • Design client specific marketing package for distribution to various plan providers
  • Negotiate with prospective and/or current benefit plan providers
  • Produce detailed report for management outlining recommendations
  • Assist in selection of benefit providers and specific plan design
  • Evaluate contributory schedules

Phase Three - Plan Implementation

  • Hold enrollment/information meeting with new providers
  • Design custom benefit booklet
  • Coordinate all avenues of communication
  • Conduct training of selected employees, chosen to help fellow employees understand the program
  • Oversee transfer of benefits

Phase Four - Ongoing Service and Communication

  • Assign a Lang Financial Group employee for all claim and benefit questions
  • Provide updates on topical issues
  • Coordinate discussions with employee groups and administrative contacts
  • Conduct informal meetings with employees to address questions and concerns
  • Initiate renewal process
  • Analyze renewal package re-examining overall objectives outlined in Phase One

 

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