Benchmark
Compare your plan and contributions against comparable employers so you know where you stand. Benchmarking compares your plan design, employer contribution and cost against similar employers.
Know where you stand.
Benchmarking compares your plan design, employer contribution and cost against similar employers. It answers whether you are generous, competitive or behind.
It is a starting point for decisions, not the decision.
Choosing Fair Comparisons.
Benchmarks are only useful when they compare like with like. Group size, industry, geography, funding and plan type all matter. We choose comparison sets that fit and say what they are.
Benchmarks cover plan design, employer contribution, cost per employee and employee share. They show where you are competitive and where you are out of line.
They are a starting point for questions, and not an instruction to match the market.
A few more questions.
Who do we benchmark against?
Employers similar in size, industry, region and funding.
Is benchmarking data reliable?
It is as good as its source, so we explain where comparisons come from.
Where does benchmark data come from?
Carrier and industry sources and our own work. We identify the source.
How often should we benchmark?
Yearly at minimum, before renewal.
Does benchmarking affect hiring?
It can help you see whether your benefits compete for talent.
Related guides.
Employee Benefits Strategy Consulting in Michigan
Funding, contributions, vendors and compliance.
Model
Test alternatives with your own numbers before recommending a change.
Decide
Present options with their trade-offs so leadership can choose.
Send us your renewal.
We’ll tell you whether it looks competitive, where we see opportunity, and the five questions we’d put to your carrier. No cost, and no obligation to move anything.
The renewal letter
Your current plan summary
Contribution split by tier
Enrolled counts by tier
Four documents — two more if your group is 50 or more. Nothing else; every extra one is a reason to postpone.
An independent employee benefits consulting firm. We look at the entire benefits program: cost, plan performance, risk and administration.
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