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.
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:
Automotive and Industrial
Chemicals
Consumer Products and Retail
Energy
Financial Services
Healthcare
Hospitality and Leisure
Manufacturing
Media, Telecom and Technology
Restaurants
Transportation
