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Home > Higher Education > Focus on Benefits > Group Welfare Plans

Group Welfare Plans

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What Experts Say About BCG Higher Education

In today's increasingly complex higher education environment, human capital support activities can be overwhelming to keep up with for institutions of every size. BCG works with institutions of all seizes to seek out solutions to a myriad of problems.

Benefit Program Design

Employee Benefit Strategy

Group Health and Welfare
BCG’s benefit specialists provide in-depth knowledge and assistance in designing and administering employer-sponsored health and welfare, cafeteria, fringe benefit and flexible compensation plans. Our experience with clients with several employees to several thousand, has shown us that the increasing complexity of group welfare plans is a major source of stress for them adding to their already overburdened HR resources.

We provide our clients with the breadth of expertise to ensure compliance with IRS code, ERISA, ADEA, ADA, HIPAA, FMLA, COBRA and other regulatory requirements. In addition, we offer expertise in all other related areas including disability, group life insurance, executive planning, flexible benefits, voluntary benefits, severance programs, and innovative insurance and risk management solutions.

The Total Cost of Your Health and Welfare Plan is The Ultimate Consideration
Controlling the overall cost of your health and welfare plans without compromising compliance or final value is the most critical component of the plan strategy. BCG leverages its broad knowledge and progressive programs with current clients to reduce overall costs while often adding substantial value to the plan. Our comprehensive group welfare plan design and administration services include:

Thorough review and analysis of the current plan relative to market alternatives and institutional goals and objectives
Review of plan funding options and recommendations for alternate funding sources
RFP review of design and administration
Evaluate and negotiate vendor RFP responses and vendor contracts
Education and communication programs to help reduce plan costs and risk exposures
Ongoing communication of new legislation and other changes that could impact your institution
Anticipate or manage IRS, DOL or HHS audits
Key-person retention strategies
Business continuation, succession and sale of businesses consulting

To reach a BCG human capital expert, contact Neil Strodel at nstrodel@bcgcny.com, Alison Dunn at adunn@bcgcny.com, or call 315-474-1707.

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Neil Strodel
nstrodel@bcgcny.com

(315) 474-1707

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