employee benefits
Mazonson specializes in the design, implementation and management of employee benefits programs for diverse populations. We are committed to working closely with our clients to develop long-term strategies that both satisfy current needs and respond to long-term business and financial objectives.
Mazonson is serious about its responsibility to act as our clients’ advocate. Mazonson has an unparalleled track record of delivering results in managing breakdowns and resolving claims and compliance issues. Our organization has developed a consummate partner network. At the same time, our long-standing relationships with top-rated carriers enable us to provide innovative coverage at competitive prices.
Service
Detailed Program Evaluation and Analysis
Your Mazonson Account Manager will work closely with you to develop a strategic benefits program designed to meet your specific budgetary and human resource objectives.
plan design strategies
At Mazonson, we fully understand that not all employers have the same employee benefits needs. It is our role to understand the unique needs of each of our clients and their employees with the goal of designing the most effective and efficient plan designs possible while understanding the potential impact these plan designs will have on employee morale and retention.
program renewal negotiation
We negotiate rates and plan details on your behalf to ensure you are getting the most competitive program possible; we will work on your behalf to keep your premium increases to a minimum. With over 25 years of experience, our ability to effectively procure benefit programs on behalf of our clients is unparalleled.
Utilization Review
Maintaining a comprehensive understanding of specific utilization patterns is critical to the success of designing effective employee benefit programs. Mazonson’s dedicated team works closely with you to review and interpret your utilization patterns and claims data in an effort to develop programs and strategies to reduce overall costs.
ongoing data analysis
Effective cost management is the result of consistent and proactive account management throughout a plan or project year, not just at renewal. Your Account Manager works closely with you throughout an entire plan year or project lifecycle measuring the performance of your plan, quality service guarantees of insurance carriers, and the respective marketplace.
claims analysis
We meet quarterly to review most recent claim data and to identify large losses that will impact the performance of the plan. We want to ensure year round engagement to eliminate surprises at renewal time.
strategic assessment
Using these components of utilization review, data analysis, and claims analysis enable Mazonson Account Managers to provide you with Strategic Assessment of your programs.
Benchmarking
We have access to multiple resources and surveys that allow us to compare your programs based on Geography, Industry, etc. to those of similarly situated employers
Communication
Benefit Statements
The benefits you provide your employee are expensive. Benefits statements are a powerful tool that will help employees understand their ‘hidden paycheck’. As part of your communication strategy, we can prepare benefit statements for your employees.
Online Tools
We ensure you have access to many online tools and resources including online enrollment and administration from the carriers that support your benefit plans.
• Brokersuite
• Mazonson Benefits Analysis
Employee Communications Support
Compliance
State and Federal Compliance
Through constant communication and periodic seminars, we ensure that you are aware of any changes to state and federal legislation that may impact your benefit plans.
5500 Preparation Assistance
We assist you with the preparation of documents for you to meet your annual legal filing requirements for the federal government.
ERISA Legislative Updates
Through seminars and communications, we ensure you are up to date with ERISA compliance requirements and can assist you with annual wrap document and/or summary annual report preparation.
Areas of Expertise
Partnerships
ERISA Attorney
Mazonson has partnered with an ERISA attorney as a resource that our clients may use.
HR Services
Mazonson clients have access to our HR Professionals who can help to triage complex issues before they evolve into larger problems. HR Services can review and advise on topics such as FMLA, Leave of Absence, and terminations / separation agreements. This is a value added service for our clients.
Compensation
We have partnered with compensation consultants who can help develop and refine your compensation strategy and evaluate your performance management system.
Benchmarking
We have access to industry and geographic specific compensation data.
Individual Life / Disability
While many of our programs are on the group platform, our partners have the ability to provide individual life and disability plans based on client specific needs.
401k Plans
We have partnered with 401k advisors who can assist
Executive Benefits
Mazonson’s joint venture with Thomas Brady & Associates to assist with all executive benefit needs including Business Succession Planning, Non-qualified plans, Estate Planning, and ESOP Plans.
