Alterity & Employers

Employee Benefits Strategy Reimagined

Alterity is an employee benefits consulting firm which has extensive experience partnering with HR teams. We are focused on delivering each client a customized benefits strategy that aligns with corporate goals and is competitive in the marketplace today.

Playbook of Services

From regulatory and compliance consulting to human resource strategies, Alterity offers numerous critical services for employers.

Click below to view our Private Equity page for Alterity services applied at the private equity firm level.

Strategic
Benefits Review

Comprehensive review of current employee benefits programs. Consider current market trends and identify opportunities aligned with established strategic objectives and prioritize them based on potential ROI, timeline to implement and resources required.

Regulatory
and Compliance

Support for a variety of regulatory and compliance items, including, but not limited to: Form 5500 completion, review of plan documents to ensure compliance with health and welfare regulations, and non-discriminatory testing. Also provide updates on legislative compliance issues and advise on benefits approach.

Financial
and Actuarial

Develop custom modeling tools to assess contribution, carrier and plan design options, as well as cost projections and budget analyses needed to finalize changes. Develop dashboard with key performance indicators, including costs, cost drivers and predictive modeling data.

Communications

Support communication efforts through the development of custom materials, such as benefit guides, webinars and bulletins. Coordinate and facilitate open enrollment meetings.

Broker Audit and RFP

Review and assess existing broker contract terms and conditions, scope of services, and current cost structure, along with overall broker expertise and service philosophy. If requested, we conduct a comprehensive RFP process to ensure clients partner with the best provider which meets their needs.

Benefits Administration System / Private Exchange RFP

Conduct a comprehensive RFP process of benefits administration systems (employee enrollment technology). Identify areas of opportunity for process enhancement, improved efficiency and cost savings to identify an appropriate benefits administration partner to meet company’s needs. Review current and/or potential private exchange options.

Subrogation

Carve out existing embedded TPA subrogation and implement an independent subrogation provider, which can double medical claim recovery savings that were at the fault of another party.

Medicaid
Help Desk

Connect lower-income employees with Medicaid counselors who offer education and enrollment support. Program also provides ongoing and re-enrollment support through a full-service call center.

Voluntary
Benefits

Implement a suite of voluntary benefits and determine the best benefits mix for the employee population. Help secure the most competitive pricing through market research and RFP processes.

HR Services

Support HR services ranging from recruitment and onboarding to full payroll and HR outsourcing.

International
Benefits

Provide benefits consulting services, as well as financial and insurance solutions, to individuals and companies of any size throughout Canada and EMEA.

Property and Casualty

Address a broad range of business and individual insurance needs, from workers compensation and management liability to home & auto insurance.

RFP and Market Evaluation

Provide systems and service evaluations using our comprehensive RFP process. Whether you need point solutions and technology to support an internal service center, or providers to support a co-sourced or fully outsourced model, we can help you make informed, long-term decisions.

Administrative Assessment and Strategy

Optimize benefits, HR and payroll service delivery strategies.  We work with our clients to construct a future HCM/Benefits/Payroll administrative strategy that meets their evolving needs.

Benchmarking

Our proprietary database tracks provider service offerings, fees, contract terms and performance levels continually, so you can see how your contract compares to the current market.

Contract Negotiation

We negotiate market-leading contract provisions for both initial and renewal contracts. Providers know that we understand their business and that we are aware of current-market standards for administration services contracts, which are constantly evolving.

Transition Management

We can serve as your internal project manager, provide business analyst resources to confirm documentation, create test plans and manage client/user acceptance testing, providing an experienced partner to augment your internal team throughout the implementation process.

Service Diagnostics

A poor implementation, turnover, historical data, outdated provider systems, and manual processes are just a few potential sources of service problems. We have extensive experience assessing administrative services and processes to identify the root-cause of errors so remediation can begin.

Ad Hoc Advisory

We are prepared to deliver market-based insights on how to support major plan design changes, propose options when faced with a major systems upgrade, provide perspective on provider systems and process issues as well as the impact of provider and organizational changes.

Provider Oversight

We establish performance metrics and measurement tools across benefits, HR and payroll service providers. We provide a quarterly evaluation of performance. We analyze change orders for compliance and prepare an annual report card analyzing competitiveness.

Process and Systems Audits

We provide a full range of testing and audit services to ensure your provider is delivering the full scope of services in their contracts and s processes are working correctly. We bring a deep understanding of implementations and testing as well as insights on a a wide range provider systems from other audits we have performed.  

We have supported numerous employer and private equity transactions. Go to:

Industries Served

Alterity’s services can be applied across all industries, but we have extensive experience in the following areas:

Contact Us

Email

go@alteritygroup.com

New York

521 Fifth Avenue
15th Floor
New York, NY 10175

Austin

1250 Capital of Texas Hwy S.
Bldg. 2
Austin, TX 78746

Toronto

1090 Don Mills Road
Suite 500
Toronto Ontario. M3C 3R6

UK

13 Caroline Point
62 Caroline Street
Birmingham, B3 1UF