How bundling benefits helps your business and your employees
In today’s tight workforce market, bundled benefits can help both businesses and employees. Employees appreciate more flexibility and greater freedom of choice in health, retirement and other benefits. Businesses enjoy the efficiencies of consolidating the services, especially with Alerus professionals who also understand a client’s business goals and challenges.
“We’re helping more small businesses harness the power of bundling all benefits services together,” explains Wade Dykema, Alerus Director of Sales. “As always, we can take care of employer-sponsored retirement plans, including 401(k) plans, employee stock ownership plans to get employees invested in your success, and executive bonus plans.
“Yet now, companies are turning to us to also handle health savings accounts (HSAs), flexible savings accounts (FSAs), COBRA, payroll, worker’s compensation and other customized services,” Wade says. “We remove those time-consuming burdens from companies’ human resources teams.”
This creates powerful efficiencies. It allows business people to focus on growing and operating their business, while Alerus takes care of practical solutions with attentive, expert service and user-friendly, advanced online tools. Alerus also keeps up with tax and government compliance details and can help with risk management, succession planning and other important duties.
Wade and his team can help guide you through bundling benefits for your business, which may include:
- Retirement savings accounts to help businesses not only attract good employees, but entice them to stay long-term. Read about the three main types of accounts to see which options best fit your organization.
- HSAs, which function as a kind of personal savings or investment account that employers can offer to employees covered by a high-deductible health plan. HSAs help employees save money on medical expenses, and employers can receive tax savings. See more about HSAs.