Tailored Consulting
It’s all about you. Isn’t that what is important?
When it comes to Benefit Consulting, we are hard wired to be the best of the best for our clients. Davison Benefits was deliberately formed to provide the highest level of benefit consulting in an entirely client-focused concierge modeled operation.
We are an honest and ethical firm, and our mantra is always do the right thing for our clients.
We focus on outcomes, solid relationships, and not on profit and sales goals. Sales and profit are vendors priorities; we are professional service consultants focused on quality business practices.
We help achieve and sustain high-quality benefits at best costs by effectively managing your benefits through our knowledge, brainpower, creativity, experience, relationships, and a myriad of technical tools.
Sample Summary of Services
Consult with employer in all aspects of their employee benefit programs
Full program audit, contracts, financials, enrollment, contributions, participation, compliance
Ongoing governance and stewardship of all programs
Funding assessment
Renewal analysis negotiation, evaluation, and recommendations
Carrier assessment and relationship management
Data analysis, reporting, and predictive modeling
Rx rebate evaluation, oversight, and tracking
FSA, HRA, HSA analysis, performance, and compliance
PCORI calculations
ERISA, IRS, HIPAA, DOL compliance
5500 preparation
1094/1095 reporting
Technology platforms
Payroll/benefit integration assistance
Communication and education
Implementation, ongoing support, advocacy
Our Process
Clearly, a major objective for every employer is to offer the best benefit programs at the best costs for both the employer and the employees.
We help achieve and sustain high quality benefits at best costs by effectively managing your benefits through our knowledge, brainpower, creativity, experience, relationships, and a myriad of technical tools.
Initially, we take all product talk off the table and talk about your company’s overall culture, objectives, value of programs, communication, employee engagement, efficiency in implementation and maintenance, and any issues that umbrella the underlying programs.
Benefit management is never static.
It is in constant motion from basic support and services to highly detailed ongoing review, reporting, and analysis. We identify and manage the cost drivers and controls to mitigate the volatility of future increases and drastic plan changes.
We carefully deconstruct and reconstruct all aspects of your programs to determine if:
- Programs are current – are they a desirable benefit or are they outdated and unused?
- Contracts are sound – are they in the best interests of the company and employees?
- Premiums competitive in the market – has there been a cost comparison in the last 5 years?
- Benefits are contemporary – have they been updated to include current features and program enhancements?
- Financial contract is appropriate – are you leaving money on the table?
- You are in compliance and audit prepared
We look at what has not worked and why. We look at what will work and why. We look at the “ideal” benefit package, and how we can achieve that together.
- Are your plans competitive and valued by your employees?
- Are the plans financially sound and in the best funding vehicle?
- Are your plans attracting and retaining talent?
- How do your programs compare to your competitors?
- Are your benefits a healthy component of your overall employee compensation?
