Attract & Retain Top
Talent
Ensure Regulatory
Compliance
Meet Employee
Needs
Managing employee benefits is a big responsibility.
You have a lot on your plate, and when it comes to employee benefits,
poor choices can have a widespread impact.
Aligning the right coverage for employees and their families with what works for your business takes more than time.
It requires specialized benefits experience and industry insight. You need a proactive broker with the willingness and capacity to get to know your organization and employees.
You need to consider:
Legal and compliance complexities
Changing workforce needs
Risk management strategies
Insurance trends
Potential impact on company reputation
Employee education and engagement
It’s about more than the bottom line.
Benefits directly impact employee experience and company reputation.
Health Insurance
Life Insurance
Retirement Plans
Vision and Dental Coverage
Long-term and Short-Term Disability
Executive Benefits
Managing benefits isn’t your only job, but it is ours.
A personalized benefits package that aligns with your organization’s culture and goals provides greater value, attracts best-fit employees, and positions you to compete for top talent.
Our brokers become an extension of your team. From plan selection to employee education and enrollment, we’re there every step of the way.
We Make it Easy
Schedule a Call
We’ll ask a few questions, review your current benefits and determine your goals.
Let us Do the Leg Work
Based on your needs and budget, we’ll research all available options and help you select the right plan for your employees and your business.
Bask in the Glory
When you’re confident due diligence has been done, and you’ve selected the right plan it’s time to sit back and relax - or get to everything else on your list.
Frequently Asked Questions
Transparency and communication are essential to any successful relationship. Below are a few questions clients commonly ask. Have a question that’s not listed below? Reach out - we’re always here.
In recent years, there has been a growing pattern of larger benefits brokerage firms acquiring smaller firms. While this can create a broader service offering, bigger brokerage firms tend to have higher overhead, which often translates into more clients per broker (i.e. less time for you).
At Wits Financial, we’re efficient with our overhead, so our brokers have the time and energy to get to know each client and provide a white-glove level of service.
You’ll likely find the same rates across brokers. Carriers that provide health insurance to companies with fewer than 50 employees are legally required to file age-banded rates based on employer location. Similarly, carriers serving organizations with over 50 employees typically release the same proposals to all brokers. This means all brokers typically have access to the same rates.
Ideally, you want to find a broker with a background working with organizations like yours and the capacity to provide the level of service you need. It's also critical to understand which broker will be working with your team on a day-to-day basis. Individual brokers have varying experience and knowledge, so you need to ensure the person assigned to your business is a good fit. The right broker will become your benefits resource. They’ll bring relevant ideas to the table, help you avoid regulatory issues, and won’t be afraid to explain why something won’t work for your business.
Your current insurance premiums for health and other benefits almost always include a broker commission. If you hire Wits Financial, we will receive the commission you’re already paying.
Depending on the size of your organization and the services provided, commissions are typically 3-5% of the premium for medical, 10% for dental and vision, and 15% for life and disability. Commission rates are often set by the carrier but can be customized between individual brokers and clients under certain circumstances.
Our goal is to create long-term relationships by exceeding client expectations. We don't believe in locking clients into lengthy contracts. If you are ever not completely satisfied with our service, you are welcome to part ways with our team. Your satisfaction matters to us!
It’s about more than the bottom line.
Benefits directly impact employee experience and company reputation.