In the Wake of COVID, Enterprise Benefit Solutions is Helping Companies Reevaluate Benefit Packages
EBS’s personalized approach is backed by the full support and services of
a traditional insurance broker
FAIRFIELD, N.J. – May 7, 2022 – New Jersey-based Enterprise Benefit Solutions is helping companies of all sizes reevaluate their benefit packages in the wake of the COVID-19 pandemic.
“We partner with our clients to create cutting-edge solutions that will help them meet the ever-changing needs of employee benefit plans that are affordable and yet compliant,” said an Enterprise Benefit Solutions spokesperson.
Among the areas where Enterprise Benefit Solutions provides counseling and solutions are health and welfare plans; executive benefits; retirement plans; voluntary benefits; estate and business planning; visitors and student insurance; and business insurance.
Other areas where Enterprise Benefit Solutions provides expertise are in compliance, employee advocacy and wellness.
In each of these areas, Enterprise Benefit Solutions provides subject matter expertise drawn from years of experience.
For example, regarding compliance, under the Affordable Care Act’s employer-shared responsibility provisions, employers that employ 50 or more full-time employees are required to provide minimum essential coverage that is affordable and provides minimum value coverage to their full-time employees or pay a penalty.
Enterprise Benefit Solutions helps clients understand and comply with legal requirements pertaining to employer-sponsored benefit plans. In addition, the company can help businesses with COBRA regulations and assist in setting up section 125/cafeteria plans.
Employers also have to design a competitive compensation package, which, in addition to salary, consists of healthcare and retirement benefits in order to attract and retain employees.
Enterprise Benefit Solutions can help companies set up 401(k) plans that allow employees to set aside a portion of their salary for retirement on a pre-tax basis, and a Simplified Employee Pension Plan, in which the employee establishes an IRA and the employer contributes up to 25 percent of an employee’s compensation each year.
With the Simplified Employee Pension Plan, there is no employee contribution. It is simple and popular with small, family-owned businesses. Meanwhile, the 401(k) retirement planning option is good for businesses that want flexibility in how much money the company will contribute on behalf of eligible employees.
These two of many examples demonstrate the breadth of Enterprise Benefit Solutions’ capabilities.
“Enterprise Benefit Solutions is ready to be your partner in developing and delivering the solutions needed to help your company attract and retain talent while maintaining compliance. We are passionate about employee benefits and fully understand the challenges faced by an employer. We keep our finger on the pulse of the industry so that our clients remain informed on the topics that shape their insurance strategies,” the spokesperson added.
For more information about Enterprise Benefit Solutions, visit enterprisebenefits.com.
About Enterprise Benefit Solutions
Whether you’re instituting a new benefits package or want to assess your existing program, we offer the full spectrum of services to optimize your insurance offerings. Each client’s dedicated team offers personalized support from the time of initial consultation through renewal to ensure your plan meets your objectives – today and tomorrow. Our personalized approach is backed by the full support and services of a traditional insurance broker, offering clients access to a broad range of products to design a benefit package that satisfies your needs and those of your employees.