The right benefits program helps you recruit and retain a better work force. CohnReznick Benefits Consultants helps you put the appropriate benefits, retirement, and compensation strategies in place while providing administrative services around retirement and group health and welfare plans.
GROUP HEALTH AND WELFARE PLANS
As your financial and human resource needs are continually changing, we can help you evaluate the latest offerings from insurers and providers of health and welfare plans, such as:
- Health / Dental / Vision
- Health Savings Accounts (HSAs) and Health Reimbursement Accounts (HRAs)
- Life / Accidental / Disability
- Health and wellness programs
- Flexible Spending Accounts (FSAs) and Section 125 Plans
RETIREMENT PLAN SERVICESBusiness-smart retirement plans with responsive administrative services will optimize benefits, minimize costs, and enhance employee relations. This is the goal when partnering with you to define and resolve your company’s retirement plan offerings. Our team can help you optimize the function and performance of various retirement plans, including:
- Profit sharing
- Defined benefit
- Cash balance
- Non-qualified plans
Using state-of-the-art technology to expand services (not replace them), our team can manage any combination of your plans, investment alternatives, and reporting responsibilities. CohnReznick Benefits Consultants accredited investment fiduciaries will guide you to achieve enhanced results, mitigate liability, and increase participant satisfaction.
As the high costs and myriad of regulations surrounding healthcare benefits can be daunting, our services are designed to reconcile these issues for you. These services may include plan design for fully insuring and self-insured plans, claims analysis and performance reviews, market studies and vendor negotiations, compliance, risk analysis and funding alternatives, and eligibility and billing resolution.
Your success depends on great leadership. Recruiting, retaining, and motivating outstanding leaders requires properly designed reward systems that drive success by aligning the financial interests of management with the business objectives of your company and the economic interests of shareholders. We deliver comprehensive executive compensation programs that align all interests in a manner that attracts, retains, and motivates talented individuals.
Identifying strategies that differentiate your organization from competition is crucial. Ensuring your human resource plans align with this goal is a key path to success. By considering your company’s values, culture, and business function and objectives relative to your industry and competitors, we can connect your human resources strategies directly to bottom-line performance.
RISK INSURANCE BROKERAGE
As highly experienced certified insurance counselors and expert underwriters, CohnReznick Benefits Consultants advisors identify risk, examine the adequacy of existing programs, and develop customized solutions to reduce exposure, eliminate duplicate coverage and minimize premiums. We serve private and public companies, acquirers and sellers, professional firms and affluent families.
Case Study: Proactive Strategy Reduced Employer Health Plan Increase From
Nearly 35% to Just 4%
Case Study: Innovative IRS Approved Retirement Plan Design Significantly Increases Tax Deductible Contributions for Owners and Key Employees
Case Study: Bringing the Synergies of Different Companies and Their Benefit Plans Together for the Better
Case Study: Terminating DB Plan Avoids Severe IRS Penalties Facing International Conglomerate