M Benefit Solutions
M Benefit Solutions operates as a financial services firm. The Company offers consulting, compliance, implementation, administration, and research services. M Benefit Solutions provides clients access to a complete suite of employee and executive benefits, including life insurance, disability, retirement plans, BOLI and more. M Benefit Solutions helps employers attract and retain talent by offering specialized benefits that exceed traditional salary programs.
Employee Benefits
Employee benefits are perks or types of compensation your employer adds to your salary. They can be a great way to attract and retain top talent, and they also help employees feel more secure about their financial futures.
The four major types of employee benefits are medical, insurance, vacation, and retirement. They can be traditional or nontraditional. Some of them are required by law, and others are offered voluntarily by employers.
Voluntary benefits are generally ones that you have to opt-in for, although some can be included in a salary sacrifice scheme (where the employee reduces their wages in exchange for the benefit). They can include things like cycle to work schemes, gym membership, and retail and leisure vouchers.
Financial Services
Whether it is helping clients design innovative executive benefits plans or providing them with flexible financial services products to help support their unique needs, M benefit solutions can make a difference. As a collaborative partner, we provide consultative expertise and support with experienced sales and client management teams, as well as a complete suite of product and financial protection capabilities and solutions. Powered by New York Life’s strength and stability, we offer financial solutions to help meet the evolving demands of today’s workforce.
When it comes to protecting the assets and income of high net worth individuals, execu tives and business owners, few providers understand the complexities of the industry like M benefit solutions.
Consulting
A good benefits consulting firm will have a range of services to keep your employees happy and informed. For example, a consultant that only offers retirement plans is not suitable for a business seeking health insurance through the Affordable Care Act marketplace. A good consulting firm will also use technology to offer unique benefit choices for your employees.
A benefit consulting company that has deep expertise in employee benefits and is well-versed in compliance issues will help you stay up to date with the ever-changing regulations. This can help you avoid penalties and legal problems in the future.
Additionally, a good consulting firm can provide documentation to support the ongoing management of your employees. This includes assisting employees through the enrollment process and providing guidance and advice for reporting life changes. This can be particularly helpful during open enrollment, which can be a stressful time for employees. It can also help them find the right balance of options for their individual needs.