Group Benefits

Group Benefits

Group benefit plans help employers provide valuable protection and health coverage to their employees and their families. These plans are an essential part of a competitive compensation package and support employee well-being, financial security, and long-term retention.

We help businesses design benefit plans that are flexible, cost-effective, and tailored to the needs of both the employer and employees.

While many business owners have had success growing their business, this does not necessarily mean that they will have success protecting their business, or financially securing the value of their business. Risk is a common word to most business owners who have had to overcome it many times in their quest for achievement. However, the risks that we’re about to discuss aren’t the typical risks that business owners are used to overcoming. In fact, business owners have little control or recourse over these risks and their implications.

Good Planning is Imperative

Here are several important questions all business owners should ask themselves:

• Should we insure our business?
• How will we fund our shareholders agreement?
• How do we minimize the tax consequences?
• How will the business and/or shareholders cover capital gains tax liabilities?
• What would happen to the business with the loss of a key employee?
• How can we effectively manage business investment income taxes?
• Are owners’ and executives’ finances at risk from a personal disability or illness?

Six Success Strategies For Professionals & Business Owners

Group Insurance Benefit Plans

We help businesses attract and retain their most valuable asset.

A turnkey and time tested process for navigating the world of employee benefits while containing cost & maximizing efficiency.

Clarity--Cost and Tax Efficiency--Risk reduction--Simplicity

Randy has over 30 years’ experience working with successful business owners, professionals and executives in the design, implementation and support of employee benefit plans & comprehensive risk management, estate, and life & health insurance solutions.

An accredited Certified Financial Planner (CFP), and founder of Innovative Benefits Inc & IB Insurance Solutions We have redefined ourselves as a leader in the Employee Group Benefit; Group Retirement; and Executive Benefit space. We assist owner-operated business enterprises with under 250 employees:

• Audit/analysis of existing benefit plans & current needs assessment.
• Implementation, administration, and communication of group benefit programs.
• Ongoing reporting & monitoring of plan performance.
• Renewal negotiation, reporting and “market shopping”.
• Health Spending Accounts for professionals & small businesses.

As a business owner himself, Randy has a keen understanding of the many challenges & risks that a business can face especially when it comes to Group Benefits. We have developed and proven for over 30 years several highly effective industry best practices for managing group benefit programs without adding complexity.

We are more than just an insurance brokerage or administrator. We have invested in administrative & HR support systems enabling us to assist clients with plan administration guidance and specialized HR resources that can be critical in mitigating human resource liabilities.

Let us assist with developing your employee benefit programs.

Call us now to get started and be reassured of anything related to your Benefit programs.