Benefits Consulting
Your Company’s Benefits Should Be a Competitive Advantage.
Providing employees with group benefits they both value and consider an important component of their total compensation isn’t easy. At the same time, those benefits need to be affordable, sustainable, and meet the needs of an increasingly diverse workforce—your ability to attract and retain employees relies on it. With our expert stewardship and support, we’ll work together to design plans that protect you against risk and costly pitfalls, ensure compliance with evolving regulations, and contribute to a more satisfied and engaged workforce.
Successful companies partner with ONYX to design employee benefits programs that enhance their competitiveness, keep great people on their teams, and support their employees’ financial, mental, and physical well-being. By understanding the unique and often competing needs of business owners, employees, and the business itself, we find alignment. A win for all.
Our team has extensive experience in underwriting, plan administration, and negotiations with industry partners. We understand how the group benefits market operates and engage the right people with the right questions.
The result? We know how and when to effectively advocate on your behalf, with trust and credibility among insurers and other suppliers. We’re on your side of the table.
GROUP BENEFITS
Group Benefits Plans Designed to Fit Your Business.
A great benefits plan is a critical element of your company’s compensation philosophy. Employees value their benefits. From prescription drugs to dental, paramedical, and out-of-country emergency coverage, these benefits play an important role in employee satisfaction, well-being, and how your company is perceived by current and prospective employees.
As your business objectives evolve or change, your group benefits plan must remain relevant, reflecting the needs of your ever-changing and diverse workforce and the available options in the insurance and benefits market.
Our depth of expertise and the ONYX GPS ensure your organization’s plan is the competitive edge you need to retain key employees and prioritize their well-being. We do this while providing your team with uncompromising service and educational support to help all employees get the most satisfaction from their benefits.
GROUP RETIREMENT
Help Your Employees Be Retirement Ready with a Group Retirement Plan.
A robust group retirement plan is more than a benefit; it’s a commitment to your team’s future. We design group retirement plans that align your long-term interests with those of your team, demonstrating your investment in their long-term financial health.
This is an important and significant investment for any business. ONYX helps guide you with intelligent and practical options, plan design and monitoring, implementation, regular reviews (including fund performance, CAP Guideline Compliance, and plan member investment patterns), and educating your employees. We offer one-on-one and custom-tailored education sessions to ensure your employees understand their choices and, importantly, take an active role in their retirement planning.
HR AND WELLNESS
Build a Healthier Workplace Culture with Industry-Specific HR and Wellness Strategies.
The heart of a flourishing business is a well-supported and healthy team. At ONYX, we believe wellness programs promote a positive work culture and are playing an ever-increasing role in maintaining a productive workforce.
Companies have found employee wellness programs help manage chronic disease in the workforce, boost mental health and productivity, and reduce absenteeism and high turnover rates. This, in turn, increases job satisfaction and can lead to a reduction in other health benefits costs.
Our benefits experts help clients navigate the dizzying array of wellness program options, creating a cost-effective and customized approach that fits the distinct character and culture of your company.
OUR PROCESS
ONYX GPS – A Proven Approach to Benefits Consulting
We created the ONYX GPS process from several decades of experience helping businesses and business owners design meaningful and cost-effective plans.
Guidance
Benefits are an important part of your compensation philosophy and framework. We start by understanding your goals, reviewing plan documents and performance, and evaluating underwriting, investment options, and administration. This phase confirms how well your current plan supports your objectives and identifies any risks you may be exposed to.
Planning
The heart of our process is strategic planning. Our benefits consultants develop a custom benefits plan tailored to your goals and budget, providing you with thoughtful recommendations and insightful options to consider. This plan is a dynamic blueprint, continuously adapting to align with your changing circumstances and objectives while taking advantage of opportunities.
Stewardship
As we implement your plan, our role shifts to active stewardship. We continuously manage and review your plan to ensure it meets regulatory requirements and your evolving needs. We pick up the phone and happily provide support and education to every member of your team. We’re always ready to advocate on your behalf whenever the need arises.
OUR PEOPLE
Advisors and partners in your business success.
At ONYX Financial Group, our team is dedicated to more than benefits consulting; we build lasting client relationships that last decades. Meet the dedicated professionals at ONYX – the driving force behind our success and enduring client partnerships.
WE UNDERSTAND YOU
Addressing Your Business Concerns
How do I ensure my budget can support my benefits plan?
Your benefits strategy must balance the unique needs of your business with the financial investment you’re able to make into your plan. Our team considers both factors as we create a strategy for you, delivering a cost-effective plan that adds value for your team.
Do my employees understand their benefits package?
Benefits are most effective when understood and utilized. At ONYX, we offer education sessions for you and your employees so everyone understands the relevance and value of their plan.
How can I keep my plan relevant to changing trends?
Leave staying ahead of the trend to us. Our team stays up to date on policy and regulation changes, as well as new trends in benefits programs, so we can recommend competitive and attractive policies that are attractive to both current and potential employees.