Whether your objective is to increase your pre-tax contributions, provide incentives, or control employee costs – we can help transform your plan into a powerful utility instead of an expense through specialized design.
Seamless integration of compensation and benefits administration allows business owners and employees to achieve better retirement outcomes, which directly impacts an organization’s ability to compete and succeed.
LABOR CYCLE NORMALIZATION
In a normal labor cycle, as employees progress towards retirement, younger, less expensive talent joins the organization to fill necessary positions. However, if older employees are not able to retire on time, an organization’s labor costs escalate and new talent is not fostered quickly enough to stay competitive.
Having a retirement plan that can help employees retire on time is not only good for the employees, it’s good for your organization. We design plans that help employees of all ages get on track for an on-time retirement by expanding the range of contributions to significantly increase savings without increasing your organization’s cost.
TARGETED BENEFIT OUTCOMES
To help normalize your organization’s labor cycle, you need a retirement plan that allows employees to increase their retirement savings without it becoming cost-prohibitive for the organization. Employees also need a clear path for an on-time retirement – one that lays out a savings plan and tracks their progress along the way.
Our technology helps employees know how much monthly retirement income to expect based on what Social Security is projected to provide and based on their current savings behavior. This information provides employees with a clear understanding of what lifestyle and savings changes they may need to make to reach a successful retirement.
ALTERNATIVE FLEXIBLE COMPENSATION SOLUTIONS
We help you accomplish this by integrating your compensation and benefits strategy in a way that gives employees the flexibility to decide how much of their compensation package goes towards benefits, like retirement, and how much goes towards their take-home pay.
TOTAL COMPENSATION ANALYTICS
As a result, you will gain greater budget insights into your workforce and will see significant improvements in employee-cost predictability. This allows you and your CFO to maintain the kind of financial agility required for your organization to thrive in the modern market.
Seamless integration of compensation and benefits administration allows business owners and employees to achieve better retirement outcomes, which idrectly impacts and organization’s ability to comete and succeed. By working with ERISA, you will have industry-leading ideas and resources for an integrated strategy that works.
A complimentary program for CPAs seeking answers and fresh ideas regarding retirement plan questions and issues.