S&K Financial and Insurance Services, Inc.

Benefits administration is an ongoing process, not merely comprised of annual renewals, but reflecting on where the company has been and where they want to go with their benefits plans. Doing this requires a dedicated partner working with and assisting every step of the way.

Below are the steps we take in conjunction with your team and employees:

Review (Step 1) - Needs assessment, and goal setting

Big Picture Planning (Step 2) - Multi year planning

Detailed Management (Step 3) - 12 month planning

Roll Out (Step 4) - Enrollment, Employee education, and support

Renewal Planning (Step 5) - Plan performance review, trend analysis

Please take a look at each stage of the process:

Step 1: Review

As part of the review process, our consultants take a overview of how the company has evolved from the past to the present with their benefits plan designs. On a year-to-year basis, we understand that corporate goals shift, as do budgets and specific needs. We will survey management’s expectations, in conjunction with employees’ satisfaction with the plans.

Step 2: Big Picture Planning

After reviewing the evolution of your benefits plan designs, we will develop a forward-looking projection on what to expect as the changes unfold. Understanding your industry trends, as well as Benefits industry trends, will prepare you for changes that may need to be made in the future.

Step 3: Detailed Management

Now that you have an understanding of how the companies Benefits plans have evolved, and what is expected in the future, we move forward in working with all the key insurance and service providers to architect a specific plan that fits the company's needs, and develop an operational budget. This will be a customized plan that will specifically fit the company’s requirements.

Step 4: Roll Out

The plans your benefits team will design for you include a comprehensive timeline that ensures that the rollout is smooth for your HR team and employees. Our consultants will make sure your employees are informed about any changes or options they will encounter. The Benefits team will assist in the initial enrollments and make sure any ongoing claims are being handled in a timely manner. Your Benefits team will be an extension of your HR department to make sure any questions or issues will be handled throughout the year.

Step 5: Renewal Planning

Four months in advance of your renewal, your Benefits team will compile and review your renewal and claims data and compare your plan performance to industry specific benchmarks.