Precision Solutions. Calculable Results!
- 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".
Our Services...............Delivering on time, every time!
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/COBRA/ Website/ Integrated Enrollment Technology
- 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, ERISA, 5500 filings, 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
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.
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
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.
Benefit Design, Compliance & State of the Art Technology
Risk & Retirement
EMPLOYEE BENEFITS DESIGN
Effectively Managing Healthcare Costs with a Focused Approach
- As your brokerage we are committed to controlling your healthcare and insurance costs. It is essential for employers to adopt a highly targeted, outcome-driven, and persistent approach to measure and mitigate the prominent clinical risks within their covered population. The Big 4 carriers limit access to claims data; our programs offer real time claims data analytics; independent underwriting, and concierge customer service that is employee focused all year long allowing us to manage claim costs and make performance suggestions.
- Research shows that High-Performing companies are significantly more thorough than their lower-performing counterparts in developing and documenting their benefit plan strategies, philosophy, and objectives. As your brokerage, we are driven to improve your outcomes, bottom line, and provide greater transparency.
- High-Performing companies rely on hard data and clearly defined metrics to inform their decision-making and action plans, this is how we distinguish ourselves apart from other retail broking firms. While we understand and respect broker loyalty, many employers overlook critical thinking and evaluation processes that longtime partnerships tend to foster. We don't leave anything to chance or speculation when it comes to your business, and neither should you. Our accountability to you is our first priority. At Parthenon, we are driven by our rigorous integrity.
REGULATORY COMPLIANCE
- Employers must operate within the confines of a heavily regulated employee benefits environment. This includes dealing with a myriad of:
- Complex laws and regulations.
- ERISA
- COBRA
- FMLA
- HIPAA
- ADEA
- MHPA
- Section 125
- Employee Handbooks
- NMHPA
- Staff Attorney
Bookkeeping Services
- Bookkeeping Services- inquire with us to learn more about our special partnership with My PAPERPUSHER. Redefining, how you manage your time, so you can focus on running your business!
Human Resource Services
- We understand both small and large companies today do not have large HR Budgets and as a result, are often overworked and understaffed. Our proven systems, processes, tools, and technology provide strategic support helping you ease your administrative functions saving you time and money- We can work with any size client!