Insurance/Benefits
Employee benefits are a critical element of your operation and for a variety of reasons. Not only do insurance and other benefits protect the health and welfare of your workforce, they are also key to employee retention and recruitment. Our experienced consultants will help you put together a diverse package of heath care, investment and retirement benefits to suit the needs of your staff.

Health Benefits
Rising health-care costs are affecting employee insurance and benefit packages substantially. Many companies even find the costs overwhelming in some cases.

At Employees Only, we work with clients to find quality health-care plans that fit within their budgets. Your options will include HMO, PPO and indemnity plans offered by a collection of some of the most prominent carriers in the industry. We can also tailor plans that feature dental and vision coverage as well. And best of all, the networks we plug you into extend to 95 percent of the providers in Michigan and across the nation.

Our agents have solid relationships with the employee insurance carriers we work with. As a result, your employees can be assured of having claims and other concerns addressed swiftly and completely.

Flexible Spending Programs
Despite the common perception that small companies can’t afford to offer their employees Flexible Spending Programs, we can and also believe in them. These flexible coverage plans allow your employees to pay for a share of their medical, dental, vision and dependent care expenses on a pre-tax basis. By doing so, they lower their taxable income and save money.

Setting up a flexible spending program, however, requires additional administrative work and additional cost because most small companies end up paying a third-party administrator to help. Employees Only coordinates these company benefits free for our clients.

The service is outstanding. Claims are paid daily, so your employees can pay for care or services without having to wait weeks for reimbursement. We even make direct deposit available to provide speedy electronic payment. Each of our flexible benefit partners provides attentive customer service representatives to answer claim questions and a website that allows 24-hour instant access to account information through the Internet.

401(k) Plans
Financial security is important to today’s workforce, making 401(k) plans a critical component of your employee benefits package. Employees Only has compiled an attractive array of 60 no-load investment options ranging from aggressive global funds to conservative guaranteed funds. Our financial consultants will work with your firm to custom-design a company benefits plan that includes T. Row Price, Dreyfus, Franklin Templeton, Fidelity Investments and more than a dozen other major funds.

The federal government allows your employees to invest as much as 15 percent of their income bi-weekly into a qualified 401(k) plan. Choosing a plan that best suits your needs can be difficult, though. Employees Only representatives will sit down with your employees to design an appropriate plan to meet their investment needs whether they are looking for quick income or long-term stability. Our partners also make it easy for your employees to securely access their 401(k) account at their convenience either online or by using a toll-free phone number.

To help your employees monitor the performance of their funds, they can be sent weekly and monthly e-mail progress reports. An automated system also allows plan participants to make adjustments to their funds on a daily basis.

CollegeBoundfund
Saving for tuition money was never easier than with the 529 CollegeBoundfund. Through our partnership with Alliance Capital, we offer a savings program that has no income limits, no limits on the amount you want to contribute and can be payroll deducted. It also gives you the choice of investment options and can reduce your taxable estate. For more information regarding this innovative program, please contact Employees Only.

Series I and EE Bonds
I-bonds offer a return above the rate of inflation in a low-risk environment. Interest is exempt from state and local income taxes and federal income tax can be deferred until you cash them in. These bonds can be cashed in as soon as six months from the date of purchase. (If redeemed within five years, there is a three month loss of interest.) You may earn interest for up to thirty years if the bonds are not cashed in. No fees or service charges apply and can be payroll deducted.

Group Legal Service Plan
The Group Legal Service Plan gives you access to legal services through Legal Club of America. New members receive the first ninety days as a free trial membership. After the first ninety days, the cost is only $1.85 per week after tax. Membership includes a simple family will and free annual updates, small claims court assistance and traffic violation defense. If a member requires extended legal representation, the attorney’s fee will never be more than $59 per hour for in and out-of-court representation and, in most cases, can estimate the necessary hours the member’s case may take.