American Benefits Group (ABG): Upping the Benefits Administration Game

Top 10 Benefits Administration Consulting/Service Companies - 2020

2019 was a vital year for benefits administration. Various new tools and technologies were rapidly adopted across organizations. 2020 will continue to observe changes and extensions to this landscape, making benefits administration services better and accessible. Digital convenience will be a critical trend as seamless functionalities will be in demand to make benefits administration easier for employers and employees. This implies growing access to decision support tools to support employees make selections that best fit their health needs.

Additionally, the consolidation of mobile functionalities and incorporating features into one central location channelizes the administration process, making it more capable for employers to manage and simple for employees to obtain everything they require. For millennials and now Gen Z employees, personalization is a key value driver. This will undoubtedly impact HR functions, and companies will upgrade and expand their benefits administration service capabilities in-line with both internal and external stakeholder desires. The rise in healthcare costs is also a big problem for employees across businesses and industries. While a single standalone solution isn't yet available to tackle this issue, companies will look out for service providers that utilize technology to address this scenario.

At present, employers will leverage cutting-edge tools and services to offer data-centered plans which are cost-optimized. Further, intelligent communication strategies will facilitate to enhance wellness plans, monitor performance, and drive behavioral change, so that benefits program becomes more result-oriented. Also, as the use of smartphones continues to rise, benefits administration providers will look towards these devices for a more effective and efficient delivery mechanism. Additionally, HR leaders will foster and improve benefits engagement; as the on-ground situation for employees today is very complicated. This year will also witness targeted and holistic financial wellness initiatives, disseminated via benefits administration platforms to strengthen and fortify employees' future.

To help CIOs navigate through the list of benefits administration consulting/ service companies, Manage HR brings the 10 benefits administration consulting/ service companies that exhibit competence in delivering robust consulting/service.

We present to you Manage HR’s “Top 10 Benefits Administration Consulting/ Service Companies - 2020

Top Benefits Administration Consulting/Service Companies

ABG’s integrated and interactive CDHC platform enables clients to administer pre-tax consumer reimbursement while gaining personalized guidance for better decision-making at every stage of the benefits lifecycle

BKS-Partners is an award-winning independent insurance brokerage firm providing private risk management, commercial risk management, employee benefits, and Retirement programs

benefitexpress offers cloud-based benefits administration technology and human resources services with dedicated client support for large and middle-market employers

Founded in 1991, Custom Design Benefits (CDB) is the only privately held and independent third-party administrator (TPA) in the Tri-State area. The company is known for offering creative cost containment solutions to employers while providing their members with high-touch customer service. As a TPA, the company works as partners with employers to ensure complete flexibility with self-funding plan design. CBD is widely recognized for its reference-based pricing plan, TrueCost, which was launched in 2012. This innovative solution enables self-funded employers to stabilize and reduce out-of-control health costs by securing direct contracting agreements with healthcare providers without the additional cost of insurance carrier PPO middle-men

Next Level Benefits is an independent employee benefits consulting firm. We are HR professionals with employee benefits expertise. We act as your consultant, your freelancer, or your project manager – a true extension of your team. We give clients the extra bandwidth they need to accelerate the evolution of their employee benefits plans. Crafting a benefit program that is truly meaningful to employees takes time and effort, and Pennsylvania-based Next Level Benefits delivers employee benefits expertise by acting as an extension of HR and Benefits teams

OEM’s process helps clients better manage their employees. Until companies like OEM appeared, business owners were not only required to manage their core business but also to build staff, governance, compliance, processes, and systems. Using highly configurable set-up parameters a client can use OEM to create a conduit between vendors and employees for Flexible Spending, 401(k) Administration, HSA, HRA, and more. The company offers a date-sensitive benefit plan to set-up and applies company rules to handle even the most complex communications, including client level eligibility, cost, design and contribution rules

EOI Service Company

EOI Service Company

EOI specializes in expert evaluation of the voluntary benefit market, electronic core/voluntary benefit enrollments, custom-designed electronic and print communication campaigns, creation and distribution of total compensation statements, coaching employees to appropriate medical plan options, on-boarding of technology platforms, dependent eligibility audits, and replacement of existing non-performing voluntary benefit programs.The company is active in enrollments that include one-on-one on-site employee counseling, call center enrollments, and self-service programs

Prestige Employee Administrators

Prestige Employee Administrators

Since founding, PrestigePEO have grown to assist businesses both locally and nationally with payroll administration, employee benefits, human resources, and risk mitigation. They continue to expand their team with industry-leading experts that provide clients with the HR knowledge and dedicated service experience they deserve. The company provides cost-effective employee benefits and HR services, transparent pricing, and personalized, quality service to every client

The Extensis Group

The Extensis Group

ExtensisHR is a national HR outsourcing services provider specializing in tailored HR solutions for small and medium sized businesses. ExtensisHR’s portfolio includes personalized solutions and services for HR, benefits, payroll and taxes, employer risk, employee management, recruiting, compliance and leading HRIS technology. Their team includes many of the country’s top HR professionals, who foster a culture of constant innovation and peer learning from the top-down, empowering every employee with the knowledge and expertise they need to give clients the support and guidance they need to succeed

Trion Solutions

Trion Solutions

Trion is fast, friendly, flexible and, has a dedicated customer service staff on the ready to respond quickly to questions and issues that need immediate attention. Trion’s online client portal is a user-friendly and information-rich technology platform for individual client-workplace employees and client-company management. Their specialists are among the best in their respective areas of expertise, and they are strongly dedicated to continuous improvement and client satisfaction

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