For your employees

Group Benefits

Skyrocketing health care costs, complex and rapidly-changing options, and regulations demand that employers pay close attention to their employee benefits packages.

With expertise that spans fee-for-service and all forms of managed care, Tillman sorts through the maze of HMOs, PPOs, POS plans, and integrates the components best suited to your needs regarding quality, access and cost. We can determine optimum employee contribution levels and devise strategies to encourage utilization of network providers, thereby reducing bottom-line costs.

Tillman represents virtually all the major insurance companies, enabling us to bring the marketplace to our clients. For example, we can assess which managed care networks offer the best geographic coverage for an organization’s employees and which institution delivers the best service to our client. Depending on the client’s requirements, we will explore options such as self-insurance group life and disability and other employee benefits programs.

Tillman & Company offers customized benefit plans such as association insurance programs designed to meet specific needs. Our staff will determine which custom program is best for your business.

Medical, hospital, dental, vision, group life and disability prescription drug long-term care

Voluntary Benefits

Tillman designs and implements voluntary benefits programs that offer employees additional benefits at virtually no cost to your organization. Based on individual needs, workers choose from a menu of coverage options and pay for them at reduced group rates. The programs typically include life insurance (frequently without a medical exam requirement), disability, dental, vision, long-term care and legal services.

Flexible Benefits

Tillman designs and administers flexible benefit plans, which help reduce payroll taxes and increase employees. take home pay. These include a Section 125 premium conversion plan whereby workers contribute towards benefits on a pre-tax basis. In addition, Medical Savings Accounts (MSA.s) are designed to help employees with good health enhance their retirement programs.

Flexible spending accounts (FSAs) allow employees to use pre-tax dollars to pay for day care and pre-school expenses as well as out-of-pocket medical, dental and vision costs.

In most cases, the employer’s payroll tax savings exceed the administrative costs of these plans. Further savings for employees and the organization can be achieved through an incentive to waive medical benefits.

To promote understanding and participation, we conduct employee meetings and provide bulletins and payroll stuffers. Our services also include IRS documentation, form 5500 preparation, claims administration and actuarial discrimination.

401(K) and other benefits

A 401(k) plan is one of the more sophisticated and flexible savings vehicles available to employees. To derive the full benefit, the plan must be well-designed. Tillman will recommend the 401(k) package that meets the organization’s bottom line needs, while simultaneously enhancing the quality of employees’ lives during their retirement years.

We provide comprehensive asset management which includes monitoring the performance and reporting capabilities of institutional and mutual fund investment advisors.

Tillman also interprets discrimination test results, facilitates toll-free service numbers and offers ongoing education and enrollment programs for your employees.

We will evaluate existing pension plans, whether defined benefit or defined contribution, in terms of effectiveness and the quality of investments. To meet a company’s specific needs, Tillman designs and administers many other types of retirement plans including:

• Profit Sharing
• Keogh
• 403(B)
• Rollover IRA
• New Comparability
• Cash Balance
• Target Benefit