Employee Benefits

    We assist you in designing and implementing employee benefits programs that help employees manage health and wellness issues through each stage of life and also build job satisfaction and loyalty among a workforce. We help you design and implement retirement plans that assist employees in their personal financial journeys while taking into account your own financial needs. We aim to increase satisfaction with the plan by plan participants and give business owners the confidence that they’re making informed decisions about their employee programs. The Employee Benefits and Retirement Plan teams provide the following services:

     

    Ongoing Consulting

    With Ongoing Consulting Services, BFG will sign on as Broker/Agent of Record (for Benefits) and Co-fiduciary (for Retirement Plans). We conduct an initial review, provide recommendations, and then help to install your program or implement changes as applicable. Once implemented, we help you with the ongoing maintenance of your plan and are here to help you answer any questions. We help with the following:

    • Compliance
    • Co-Fiduciary Support for Retirement Plans
    • Managing Costs over Time
    • Program Design
    • Ongoing Review Meetings
    • Enrollment and Education Meetings
    • Employee Investment Advice for Retirement Plans
    • Employee Communication
    • Plan Administration and Participant Service
    • Investment Management
    • CEFEX-Certified Oversight

    Project-Based Consulting

    Project-Based Consulting is a great way for potential clients to get a taste of BFG’s services without committing to an ongoing partnership. Projects could include the following:

    • Review:
      We provide a one-time review of your Benefits or Retirement Program to analyze and provide recommendations related to compliance, cost, design, and overall satisfaction with the plan.
    • Consulting:
      We provide answers to your questions related to compliance with state and federal laws, plan administration, or other challenges.

     

     

    Benefit Program Development

    We develop employee benefit programs with the following components. Employee insurance can be employer paid, employer administered, co-funded, or completely voluntary. All of these options can be accessed through the employer platform.

     

    Employee Insurance Programs

    • Medical Plan
    • Life Insurance
    • Dental Plan
    • Vision Plan
    • Short-Term and Long-Term Disability Plans
    • Wellness Programs
    • Voluntary Benefits

    Retirement Plans

    • 401(k) Plans
    • 403(b) Plans
    • Cash Balance Plans
    • Profit Sharing Plans
    • Simplified Employee Pension (SEP) Plans
    • SIMPLE IRA and SIMPLE 401(k) Plans
    • Defined Benefit Plans
    • Executive Benefit Plans, such as Deferred Compensation, Supplemental Executive Retirement Plans, Split Dollar Insurance, Bonus 162 Plans, Executive Estate Planning and Stock Options
    • Cafeteria Plans