19 Dec 2023 Prepared: 3 Tools to Improve your Group Benefits Plans in McAllen
With the new year approaching the time to improve your employees benefits and review your periodical costs is now. If you are a starting business or a growing corporation, Shepard Walton Employee Benefits (SWEB) can provide the entry point into finding prospective group benefits plans in McAllen. We want to share a few tools that can improve your plan with the help of SWEB and their partnership with UBA.
Employee Benefits to Consider
Employee benefits include non-salary compensation like health care coverage, retirement benefits, and paid time off. Some employee benefits to consider when researching for the best kind of benefits include:
- Health insurance
- Paid time off (PTO)
- Retirement plan benefits
- Flexible work schedule
- Dental Insurance
- Vision insurance
- Life insurance
- Paid family leave
Plenty of typical benefits packages may differ depending on where you look, as a result, most industries generally consist of health insurance and retirement saving. With SWEB you can diversify these plans, as well as additional paid time off that, may benefit those with families.
Creating a Modern Benefits Package
In order to create a package that best benefits the employees, you need some type of support system. Some corporations have a complete HR department dedicated to research and policy. We provide any sized company the same national access through United Benefits Advisors (UBA). UBA can help find you support with:
- Research on Employee Surveys to pull research on trending benefits, Federal health plan changes, and recommending employee benefits.
- Building Communication between employers and employees to receive even more usable data through email campaigns, newsletters, and surveys.
- Enlisting Benefit Plan Administrators to potentially manage your company’s milestones for benefit plans in McAllen.
How SWEB and UBA Support You
SWEB has been providing companies and businesses with the best information on benefits. Only a select few benefit groups work with a nationally regarded program such as UBA to connect your company to tools that support every area of your HR or Federal compliances, including:
- HRA and FSA Administration
- Data Analysis and Reporting
- Plan Performance Analysis
HRA and FSA Administration
The Health Reimbursement Account (HRA) is a fund of money in an account that your employer owns and contributes to, and is available to employees who receive healthcare coverage. A Flexible Spending Account (FSA) is a spending account for different kinds of eligible expenses that UBA can define if your company is applicable.
Data Analysis and Reporting
Data analysis is typically information gathered by looking at raw data and distilled information used to make better decisions from within the company. UBA provides tools to summarize raw data into a story that conveys its real-time information in an easy-to-digest format.
Plan Performance Analysis
In addition to shared information and data, SWEB can also help provide advice as well as survey information that can best benefit your company. This type of analysis compares and provides the project team with an understanding of the project plan as well as its progression.
Let SWEB Supply All Your Group Benefits Plans in McAllen!
Creating a good support makes employees feel rewarded and appreciated for their work and cooperation within the workplace. Ask a SWEB professional for access by calling (956) 213-3050) or contact us online!