One program increases earnings by 1.7% in one year
A large, publicly traded, multi-national manufacturing corporation with 17,800 U.S. employees and U.S. headquarters in South Carolina adopted a single program that had a material impact on earnings.
• 1.7% earnings increase achieve with only 1/3 of eligible participants enrolling
• Focus on controlling costs reduces potential for liability under ERISA (See article)
1,000 employee company saved $29M in 9 years
The Langdale Company is an earth-conscious wood manufacturing conglomerate with 1,000 employees. Located in rural Georgia, they were in need of benefits advisers resourceful enough to design plans to improve both cost and quality of healthcare despite the limitations of the region.
• Reduced healthcare spend by $3,200 per employee per year
• Improved benefits lead to increased productivity and employee retention rates
Spends 55% less than average and has saved over $240M
Rosen Hotels is a 5,000 employee hotel chain in Florida. They started actively taking control of their healthcare spend 24 years ago and have had enormously successful results. Their employees receive better benefits than nearly any other company. Employees are primarily immigrants and others with little prior HC or education access. They often have complex health issues, such as TB, a 56% high-risk pregnancy rate, and HIV.
• 10x employee growth with 83% lower turnover than industry average.
• Free college education for employees and children
• $11M invested in community programs