Business Services

OVERVIEW
Companies today need the guidance of professionals who understand business problems and business owners. Employee benefit plans, retirement programs, executive compensation plans and business succession planning pose challenging problems for business owners today. Our services include couseling related to:

  • Employee Benefit Plans
  • Section 125 ("Pre-Tax" Premium) Plans
  • COBRA Compliance Assistance
  • Retirement Plans
  • Business Succession Planning
  • Executive Compensation Programs
  • Employee Stock Ownership Plans (ESOP)

Below is additional information about the services and products we offer to business owners.


 

EMPLOYEE BENEFIT PLANS
Group insurance plans are no longer "fringe benefit" programs. Their cost often represents a substantial percentage of a company's overall compensation expense. Rather than merely selling a plan, we work with businesses to design group benefit packages that are competitive, cost effective, and satisfy the goals of companies as well as the needs of their employees.

networthPartners has partnered with firms to navigate this rapidly changing market. Their job is to know the products available and each carrier's competitive position in the market. To employer groups, we provide:


  • Health Insurance
  • Life and Disability Income Insurance
  • Dental Insurance
  • Long Term Care Plans
  • Voluntary Benefit Programs
  • Section 125 ("Pre-Tax Premium") Plans
  • COBRA Compliance Assistance

Our long term success rests with our ability to establish and maintain sold relationships with the major carriers who are active in the marketplace. In determining what carriers we are willing to represent, we take into consideration such factors as underwriting flexibility, benefit designs, available funding arrangements, managed care philosophies, ease of administration, claims processing, initial and renewal rate history, retention of business over the years, and financial strength. Although most carriers offer products in all benefit planning areas (i.e. life, health, dental, disability, and qualified plans), we will only represent a carrier in those areas where they offer a competitive and high quality product as determined by these criteria.

As an independent company, netWorth Partners represents the leading carriers in the industry that provide quality products with strong customer service and support. The insurance companies that we regularly quote and represent include:


 

Aetna/US. HealthCare Medical Mutual
American Medical Security MetLife
Anthem (Blue Cross) Phoenix Home Life
Central Reserve Life Principal Mutual
CompDent QualChoice
COSE (Medical Mutual) Standard Life
Delta Dental SummaCare
Fortis Benefits United HealthCare
Guardian United Wisconsin Life
Humana/Employers Health United Dental Care
Kaiser Permanente Vision Service Plan



 

In addition to our planning expertise, we strive to provide our clients with the service they should expect from their benefit planning organizations. netWorth Partners works with clients to effectively communicate their benefit programs and provide assistance with the enrollment process. After plans are installed, we continue providing advice, information and ongoing service to both the company and its employees. In addition, our knowledgeable and experienced office staff is committed to helping our clients and their employees with answers to day to day questions and solving any administrative and or claims problems that might arise. As part of our service commitment, we offer:
  • Employee Enrollment Packets
  • Benefit Summary Sheets
  • Employee Questions and Answer Sessions
  • Benefit Plan Communication Packages
  • Individual Employee Meetings and Follow-up Calls
  • Plan Administration Review and On-Going Service
  • Claims Troubleshooting
  • Quarterly and Annual Plan Reviews

The type and frequency of the services we provide are based upon the company's needs.



 

EXECUTIVE COMPENSATION
We work with companies to establish non-qualified plans for selected and/or key employees. These innovative and creative programs are designed to help a company motivate, retain and reward the employees who are important to their success. Benefits are tailored to meet both the company's and employee's financial objectives. Among these programs are:

  • Deferred Compensation
  • Disability Income Buy-Up Plans
  • Employee Stock Ownership(ESOP)
  • Salary Continuation Plans
  • Split Dollar
  • Bonus Arrangements


 

BUSINESS SUCCESSION PLANNING
Planning for the transfer of a business from one generation to the next or from one shareholder to another is vital to a company's continued success. We help business owners to develop and establish succession plans that meet both personal and corporate planning objectives. Legal and tax issues as well as estate planning implications are all considered during this process.