Custom-tailored and simplified employee benefits solutions
The Van Wyk Risk Solutions employee benefits practice strives to provide the same exceptional customer experience that we’ve been providing to our commercial clients for decades with the launch of our employee benefits practice.
Our clients are promised the knowledge, experience and custom-tailored solutions of a national brokerage and the service-minded accessibility of a hometown firm. We take the time to understand our clients’ needs before making any assumptions about possible solutions. An adviser’s recommendations must be fact-based and require developing a deep understanding of your organization.
Long-term business objectives
Van Wyk will help your organization get on the right path toward meeting your long-term business objectives by providing support in three key areas of employee benefits: financial guidance, administrative efficiencies and compliance.
Each of these areas of expertise is important and must be considered equally when analyzing a program. As part of our long-term strategic planning process, we complete a comprehensive program assessment. This enables a fact-based discussion on the financial well-being of your program and helps steer the conversation toward what’s most important.
Comprehensive program assessment
This program assessment is a financial deep-dive that looks at how a program is structured and performing at a specific point in time compared to industry and geographical benchmarks.
The key metrics that we analyze are benefit value, cost-sharing, demographics, participation, dependent ratio and spend. Understanding how these metrics compare to benchmarks and tracking them year over year is essential for strategic program management. This allows us to make better financial projections and quantify the impact of historical changes.
Knowing these key metrics and how to calculate them is important, but how they correlate and what can be done to improve upon them is far more valuable. Having Van Wyk complete a program assessment is an eye-opening experience, and it’s the first of many steps we take in helping our clients.
We continually identify areas of opportunity, illustrate the value of implementing our recommendations and determine the likelihood and amount of expected disruption for your organization.
Simplified employee benefits solutions
Employee benefits can be complicated, but at Van Wyk Risk Solutions, we simplify these difficult concepts and help you understand how they pertain to your organization. Let us become your trusted adviser to lead the way and help you develop an effective long-term benefits strategy, so you can be better positioned to reach your corporate goals. We welcome the opportunity to perform a comprehensive program assessment for your organization. If you’d like to learn more about this process or other topics impacting your organization, please give us a call. Look for seminars on this and other topics in the coming months and consider joining us.
Van Wyk Risk Solutions is a boutique provider of employee benefits and risk management solutions serving clients both locally and on a global level for the past 37 years.
Contact Derek Temple, vice president, at (616) 942-5070 or derekt at vanwykcorp dot com.