Business Insurance Background

Defined Contribution

At Johnson Insurance, we continually assess alternative funding options for health benefit programs and their impact to your company's long‐term financial goals. Due to rising costs of traditional employer-sponsored insurance programs, defined contribution is gaining momentum.

How Does Defined Contribution Work?

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Employer selects carrier and defined contribution per employee Carrier delivers multiple plan and coverage options Employee compares and shops for plans.

Recruiting and retaining talented employees is critical to every organization. Your health benefit program is a key component of your overall compensation package for employees. Using the Johnson Advantage™ process to assess your organization's needs will help guide you in selecting the right solutions for you and your employees.

You may be subject to penalties in certain circumstances in accordance with the ACA. Your Johnson Insurance consultant will work with you to determine the best solution through the Johnson Advantage™ process.

Our Employer Consulting Services

Employee
Wellness

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Human Resources Solutions

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Defined
Contribution

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Regulatory Compliance Counselling

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Healthcare Reform Consulting

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Group
Benefits

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Resources

  • articlesIt’s Open Enrollment Season: Let’s Up Your Game

    By Hugh Devlyn, Employee Benefits Sales Manager at Johnson Financial Group For many organizations, benefit open enrollment (“OE”) season is fast approaching. OE can be a stressful time for employees and seasoned HR professionals alike.

  • articlesSplit Point Experience Rating Formula Explained

    In the experience rating process, each loss is divided into a primary and excess portion. The first $16,500 of every loss is determined as a primary loss, with everything above that point considered an excess loss. In July 2011, the NCCI announced a proposal

  • articlesExperience Modification Factor Explained

    Your Experience Modification Factor can be explained as follows: The mod is a ratio of actual losses to expected losses over a 3 year period If your actual losses are more than expected, then your mod is over 1.0 If your actual losses are

  • articlesTemporary Worker and Joint Employment Webinar

    For insights into the pros and cons of temporary workers and joint employment, view a recording of our recent webinar held on March 12, or click here to find a Johnson Financial Group advisor near you. In this webinar we address: Human Resource perspectives

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