Meeting to discuss group benefits planning at a business.

Group Benefit Planning

When designing a Group Benefits Plan, it’s essential that it meets the unique needs of your business. All too often, this is not done effectively. Iain A. Thomson and Associates Inc. uses a distinct process to make sure your plan is properly designed to meet your needs. We work with you to ensure it continues to meet your needs as your business evolves and grows. To accomplish this, we work with you to identify and analyze those needs while carefully considering the budget available to fund the plan. Our ability to partner with virtually all group insurance and benefit suppliers allows us to select the best plan available for your needs.

Our six point process for providing your business with the best Group Benefits Plan includes:

  1. Audit
    We identify your specific needs and audit existing group plans to provide a clear and solid basis for your plan design.

  2. Design
    Using the information and details from the audit, we work with you to create a plan design that is ideal for both you and your employees.

  3. Quote
    Once a plan design is established, we obtain multiple quotes from leading Group Benefits suppliers.

  4. Recommendations
    We will present a comprehensive review of the competitive market survey and discuss options that could add value. We will ensure you have all of the information necessary to help select the best plan to meet your needs.

  5. Implementation
    Whether you are changing from an existing insurance carrier or implementing your first Group Benefits Plan, the implementation phase is extremely important. We will have a written action plan that outlines to process we will take to implement the new plan and help your employees transition. We will work with you on the administration of the enrolment and setup as well as host employee meetings to introduce the plan and be there to answer their questions.

  6. Ongoing Review and Service
    We will work with you throughout the year to monitor your group benefits plan, make sure the plan meets expectations, and support you with any service issues or employee inquiries. Partnering with the insurance carrier, our goal is to make sure you maximize the value of the plan and are supported throughout administratively. Throughout each year, we will monitor your Group Benefits Plan. Annually, we will contact you to review the plan to ensure that it continues to meet your needs and expectations.

Benefits Packages Outline

Iain A. Thomson and Associates Inc. have been providing Group Benefit Plans to businesses for over 28 years. Our experience, knowledge, and ongoing education empower us to provide you with plans and concepts that other advisors may not suggest or understand.

Depending on the size of your company and your specific needs, group packages can offer a variety of benefits including:

  • Group Pensions Plans
  • Group RRSPs
  • Group Life Insurance
  • Health including Drug Plans, Vision Care, and Extended Health Practitioners
  • Dental
  • Disability
  • Accidental Death & Dismemberment
  • Critical Illness Insurance
  • Travel Insurance
  • Executive Plans

Having access to virtually all group benefit suppliers, we are not restricted to the products of a single provider. This allows us to source and offer you a benefits package that meets the unique needs of your company and budget.