How We Are Different
Boutique insurance, redefined.
Where is the value in a large retail agent or broker that uses default renewals?
- Large retail brokerages tend to automatically renew year after year, sticking to the same bundled approach without challenging inefficiencies.
- For Example, standardized templates miss granular cost management opportunities inherent in bundled healthcare- this is a fact, your current agent/broker cannot dispute this.
- We help employers move beyond outdated practices, as bundling business lines and benefits increases costs, and creates a false sense of security for employers. Ask us how, but keep in mind that “corporate, is the unannounced attendee” at your “renewals” and your agent or broker is under their direction. So, ask yourself, "how much choice and flexibility are you really given"? We know the answer to this question.
Our Processes
"Agents who fail to treat healthcare as a manageable expense for employers—like workers’ comp or business liability claims—provide minimal overall value to employers".
We understand these practices impact employee paychecks. Ask us why we chose to work smarter and harder for you.
Secret: “it’s all in the math”.
How our solutions distinguish us from traditional commercial retail brokers and agents
- We apply true risk management rather than mere policy placement
- Comprehensive risk assessments/ AI Driven health risk modeling
- Allied Advocate- proprietary claim and cost management strategies 96% savings from billed charges in 2023
- Enhanced Case Management Services- Targeted Claims management for high impact cost control- Full Transparency into every invoice dollar spent
- Monthly and Quarterly claims reporting with trigger claims to reduce costs in real time and at annual renewals unavailable with Big 4 (BUCA) templates
- Benchmarking
- In-person/zoom meetings with our team, TPA’s/ Private Insurers who have a vested interest in employer outcomes and employee paycheck preservation- over Wallstreet interests
- Limiting our clients we are accessible after hours to deliver a best-in-class customer service experience
- We provide full transparency of our fees and commissions
- Health Premium Savings Guarantee for eligible employers
- 40+ Pharmacy Benefit Managers
- 40+ National and Regional Network Partnerships-No disruption to employees
- Personalized service, the way it should be—no 800 numbers, just a team that knows you.
Our Services
We provide a comprehensive suite of insurance consulting and risk management services. Our offerings have delivered tangible benefits in real-world situations, include but are not limited to:
- Health and Welfare Plans- Employee benefits design and administration services
- Site visits- (in person) enrollment meetings/process terms & new hires-onboarding /COBRA/ Website/ Integrated Enrollment Technology/HSA / HRA
- Custom branded Employee Benefits Booklets
- Total Compensation Statements
- Benchmarking/ AI Underwriting/ Health Plan Data Analytics Reporting/ HR & HCM Technology Consulting/ On-boarding/ Staffing/ Enrollment Technology
- Identify and evaluate risks
- Comprehensive audits of your insurance programs (a review of existing/recent policies or set-up, ERISA compliance, 5500 filings, Section 125, DOL Audits/ Missed Filings, wrap and plan documents, PCORI/ 10955 A/B, adequacy of coverage/coverage limits, deductibles/retention levels/existence of warranties, concurrency of coverage duplication or gaps in coverage, suitability of forms and financial stability of insurers)
- Renewal Programs
- Loss forecasting (the estimation of Ultimate Expected Future Losses based upon present value equivalents of historical losses and projected exposures)
- Verification of audit calculations, Dividend Plan calculations, Retrospective Rating Plan Calculations
- Contract/lease review- to determine assumed & transferred liabilities
- Monitoring of insurer security /collateral
- M&A Transaction due diligence
- Preparation of insurance data for CPA audits
- Annual Stewardship reports
- Claims Management Oversight
- Risk Engineering and Loss Control Services (including worker safety/health, OSHA compliance, Fleet risk control, Premises/Product/Services risk control, Chemical environmental risk control, Third party Liability risk control Disaster Plan Development
Strategic Alliances
Direct appointments and chosen brokers allow Parthenon and Partners to gain strategic insight and expertise with access to substantial global risk management markets, involving more than 100 insurers giving us leverage designed for maximum impact over bespoke retail brokerages.
As our valued client, you don’t just receive service—you gain a partnership built on exclusivity, tactical flexibility, and unparalleled market intelligence. Your position with us ensures that every decision is backed by deep industry insights and tailored solutions designed for maximum impact because actively managing your costs is not passive process, nor is it a once-a-year discussion.
- Employee Benefits Administration
- Insurance Products
- Expert Level-Self Funding Insurance Solutions- (our specialty)
- ERISA Compliance TEAM
- Life Insurance
- Hard-to- Place Niche Insurance Solutions
- Personal Insurance Solutions for High Net Worth
- Asset Protection
- Retirement Products
- Benchmarking & Compliance
- Employee Recruiting
- Superior Human Capital Management Payroll/HR Technology
- Human Resource Services
- 401k
- HR Compliance
- Risk Management
- Workers Comp
- Cyber
- Property /Casualty
- Liability
- 5500 Filing
- And more.......
Mission Statement
Distinguish yourself from the competition with knowledge, character, wisdom and integrity.
"Customers have options, so we give them a reason to choose us as their partner".
Products
Parthenon Employers Service partners have experience placing coverage and manuscripting verbiage on a wide variety of insurance contracts and noninsurance products. Program designs using these contracts are many and diverse. A few examples include “all things employee benefits” fully insured, alternative funding (our specialty) health, dental, vision, STD, LTD, Accident, Cancer, Life, Dep. Life, as well as, layered & quota-shared property plans, loss limit property plans, loss-sensitive casualty programs (single-and multi-lined) and tailored management liability programs.
- Commercial Property, Builder’s Risk and Flood
- Commercial Inland Marine
- Commercial Crime and Surety / Bonds
- Commercial General Liability
- Commercial Auto, Transportation and Transit
- Workers’ Compensation
- Commercial Umbrella and Excess Liability
- Directors & Officers Liability, Errors & Omissions Liability and Employment Practices Liability
- Fiduciary / Pension Trust Liability
- Foreign Liability
- Ocean Cargo
- Political Risk – Kidnap & Ransom, Trade Credit
- Finite Risk / Loss Mitigation
- Captives, Risk Retention Groups
- Political Risk- Kidnap & Ransom, Trade Credit
- Finite Risk
- Captives, Risk Retention Groups
Compliance & Solutions Corner
"There is no one size fits all when it comes to your business".
Today, while many businesses are satisfied with statements like “they provide us a great service,” such feedback—though positive—is not the same as delivering quantifiable results. Shouldn't your team strive to achieve both exceptional service and measurable outcomes?
We specialize in visually highlighting previously overlooked employee benefit renewal opportunities, some of which may span over a decade. Consider what your brokerage and carrier histories reveal about potential missed opportunities.
We invite you to arrange a complimentary assessment. Our goal is to provide you with the assurance that your organization is effectively safeguarding your employees’ incomes—an achievement that can substantially boost your ability to attract and retain top talent when clearly communicated.
We also believe that your hard-working employees deserve a “second opinion.” Below, you will find a sample introduction letter designed to offer transparency in your internal decision-making processes.
Would you like to discuss further ways to enhance how your benefits strategy is communicated both internally and externally?
Here is a sample introduction letter:
Dear Employee,
This year, we conducted a professional accountability review of our longstanding brokerage partner, [Retail Name Here]. Despite the consistently excellent service provided over the years, we determined it was essential to execute an impartial forensic analysis—evaluating our expenses, carrier track record, employee health risks, and other critical factors—to ensure our strategic direction remains robust. (Contact us for your free consultation.)
Our toolkit analysis offers deep insights into one of the most pivotal annual decisions for employers: managing employee health insurance. Our innovative approach yields dual benefits. First, our private insurance solutions represent a refreshing departure from conventional models, providing more precise and cost-effective options. Second, our analysis underscores that overlooking these opportunities can lead to significant financial losses for both employers and employees.
Would you like to learn more about how our comprehensive review process can help you optimize your benefits strategy and safeguard your organization’s financial health?
Offering Innovative Business Solutions to All Clients
Parthenon Employers Service is a boutique business solutions firm specializing in consulting and insurance services designed specifically for your organization’s needs. Our unique methodology is tailored to each client, drawing on decades of experience from top-tier professionals formerly with large retail firms. We pride ourselves on delivering quantifiable outcomes and creating tailor-made experiences that drive genuine value.
Unique Solutions for Unique Challenges
At Parthenon Employers Service, we understand that every business faces its own distinct challenges. We work hand-in-hand with our clients to develop customized solutions—whether in insurance, payroll/HR consulting, or broader business strategy—that effectively meet specific requirements. Our commitment is to provide the highest level of service and deliver measurable results that directly contribute to your success.
Committed to Long-Term Success
Our dedicated team of skilled professionals stays abreast of the latest industry trends and best practices. Our goal is to foster long-term success for your business by consistently offering innovative, effective solutions. We are committed to building enduring partnerships, ensuring that no matter the size of your organization, you have a trusted advisor by your side to navigate today’s evolving marketplace.
Expert ERISA Compliance Services
Since 1992, our expert back-office ERISA Compliance team has been at the forefront of delivering comprehensive compliance solutions. We offer a full spectrum of services, including:
- Annual 5500 preparations and filings
- Missed filings and corrections
- DFVCP
- DOL Audits
- MEWA & M1 Compliance
- Non-Discrimination Testing
- PCORI Compliance
- POP Premium Only Plan Documents
- Wrap Plan Forms/SPD
Your compliance is our utmost priority. We mitigate your risk by ensuring that our ERISA compliance services stand up to rigorous Department of Labor audits. Unlike many firms that rely on generic, downloaded templates or enrollment platform wrap documents, we take your compliance very seriously—understanding that penalties, in extreme cases, can range from $4,540 to nearly $9 million.
Schedule Your Introduction
Let Parthenon Employers Service guide you through the complexities of business solutions and ERISA compliance. We cover all associated costs and dedicate our expertise to ensuring your operations are both efficient and compliant. Schedule an introduction with us today and discover how we can help secure your organization’s success.
Our partners and our team work on your behalf all year round!
At our core, we believe that collaboration is key to success. Our partners work closely with our clients, ensuring that their needs and goals are fully understood and that our solutions are tailored to meet their unique requirements. We take a client-centric approach to everything we do, and our partners are fully committed to providing exceptional service and support every step of the way.
With our team of established partners, we are able to offer a level of expertise and knowledge that is unmatched in the industry. We take pride in the fact that we can provide cost-effective solutions to our clients that are tailored to their specific needs. Whether you are a small business owner or a large corporation, we have the resources and expertise to help streamline systems and processes, save time and money and achieve your goals.
We believe that our success is directly tied to the success of our clients, and that is why we are so passionate about what we do. Our partners are committed to delivering the highest level of service and support, and we are constantly striving to improve our processes and techniques to ensure that we are always at the forefront of industry trends and advancements.
In short, if you are looking for a team of partners with the expertise you need to achieve your business goals, look no further than us. We are dedicated to providing our clients with the best possible service, and we are confident that we can help you achieve success in everything you do.
Methodology
Established Partners with the Expertise You Need!
We pride ourselves on using exclusive tools and techniques, including internal Q&A discussions, surveys tools evaluations to identify areas for improvement. Our strategic partners have a proven track record, with some having over 30 years of experience, many holding advanced degrees, and all having received specialized industry-specific training.
Our partners are carefully selected based on their expertise in their respective fields, which allows us to offer a wide range of services to our clients. From IT solutions, risk management, retirement to employee health insurance benefit strategies, we have the knowledge and resources to help businesses of all sizes achieve their goals. Our partners are not only experts in their fields, but they are also committed to staying up-to-date with the latest industry trends and advancements. This ensures that our clients receive the most innovative and effective solutions possible. We believe that our partnerships are key to our success, and we are proud to work with the best in the business.
Exemplary Boutique Concierge Services
Tailored Benefit Plans for Every Employer
Every employer merits a benefits plan that is meticulously designed to align with their distinct needs and budgetary considerations. At Parthenon Employers Service, we engage in a comprehensive inquiry to determine the critical benefits that are most relevant to your organization, both in the present and well into the future. Whether you are operating a small enterprise or managing a workforce numbering in the thousands, our advanced technology is fully capable of accommodating your requirements. Furthermore, when you partner with us, you are assigned both a dedicated account representative and a licensed agent who will personally oversee your account—eschewing the need for impersonal call centers.
We are acutely aware that the administration of employee benefits can be both complex and burdensome. Accordingly, we have developed streamlined, custom-fit solutions that not only furnish your employees with comprehensive coverage but also contribute to enhanced job satisfaction and higher retention rates. Our portfolio encompasses a broad range of options, including health, dental, and vision insurance, as well as life and disability coverage, among others. Our seasoned professionals will assist you in navigating the intricacies of regulatory compliance while formulating a plan that accurately reflects the specific medical risk profile of your group.
In contrast to the conventional approach of large carriers, who often establish premiums based on high-risk pools and considerable profit margins—thereby causing many employers to overpay—our individually underwritten benefit plans deliver significant savings without a compromise in quality. Our methodology ensures that every dollar allocated toward employee benefits is optimized to safeguard employee incomes, a critical component in attracting and retaining top-tier talent.
We invite you to contact us today to learn how our tailored benefit plans can transform your employee benefits strategy, yielding both measurable and cost-effective results. Allow us the opportunity to help you secure the most appropriate coverage for your workforce while maintaining fiscal prudence.