A Bolder Benefits Package? First, Let’s Fix It.
Mid-sized manufacturing company
Because of the highly competitive nature of its industry, this mid-sized manufacturing company wanted to create a more attractive benefits package to recruit top talent. M3 Financial worked with the company to do that. But first, a problem had to be addressed. M3 Financial’s review of the company’s existing package revealed a monetary shortage in its disability plan. The plan provided up to $5,000/month for employees, but at least 15 employees were earning far more than this cap.
A solution for the shortage led to an even better benefits package.
M3 Financial solved the gap and found a way to boost overall benefits. The company now offers a supplemental long-term disability plan that benefits employees earning income over the group plan limits. These plans are individually owned and portable, helping the company strengthen its benefits package. And that helps attract – and retain – great employees.