Employee Benefit Specialists! Our team focuses on providing you with the very best benefit consulting services available. Our office is fully licensed and accredited to provide products like health, life, disability, and dental insurance. Our organization also provides retirement planning services and investment advice. - The principals of Barker & Associates have combined experience of over 25 years in the employee benefits arena.
- Barker & Associates LLC currently services over 150 local businesses.
- We have a team of four advisors who can help you with all your insurance needs including Property, and Casualty insurance.
Barker & Associates LLC Advantage We design benefit plans which are affordable and flexible for your employees. We are completely independent brokers who work directly for our customers. This allows us to always keep your interest first. We can provide insurance products from all the major companies! We have access to all of the largest insurance carriers for your convenience. We work with Regence Blue Shield, Premera Blue Cross, Group Health to name only a few. In addition, we literally work with dozens of companies when you include specialty carriers for dental, life and disability. We can get you covered!
Services Included (At Absolutely No Cost): Comprehensive Benefit Comparison Cost Analysis: Employer and Employee Employee Medical Provider Match Reporting Prepare Customized Employee Benefit Portfolios Conduct Employee Education Meetings Access Corporate Benefits Online - New Service! Monthly Administrative Reporting Track Enrollment and Terminations Forms Assist with COBRA and HIPAA Issues Create Employer Administrative Kit Monthly Claims Reporting (Self Funded).
| Consulting Services Scope of Services ChecklistService is our key! How much service are you getting? services checklist - Audit and Review Current Plans
- Prepare Report Analyzing Current Plans
- Review of current plan
- Subjective comments
- Recommendations
- Develop long range plans and objectives
- Prepare and analyze employee questionnaires
- Plan Design and Rate Negotiation
- Formulate strategy for upcoming renewal, and discuss with you at least 100 days prior to renewal date
- Request renewal rates from carrier at least 60 days in advance of renewal date
- Negotiate renewal rates with current carriers
- Evaluate funding options
- Competitive Bidding
- Draft bid specifications
- Analyze bid responses from all competing carriers
- Fine tune bids to meet your needs
- Implementation
- Set up employee meetings to discuss benefits
- Complete applications and contracts
- Order booklets and ID cards
- Make copies of all pertinent information for your files
- Employee Communications
- Conduct open enrollment meetings
- Design announcement letters and Benefit Summaries
- Answer employee questions and concerns
- Ongoing Management Service
- Assist employees with claim questions and problems
- Assistance with billing, enrollment cards, ID cards, etc.
- Develop and coordinate enrollment packets for new hires
- Legislative Issues
- Assist with COBRA, TEFRA and SECTION 125
- Provide newsletter to update current issues
- Assist with the preparation of Summary Plan Descriptions
- Plan Management
- Review quarterly claims experience reports
- Evaluate & recommend future options (dental, life, vision, etc.)
- Evaluate & recommend retirement plans
- Coordinate Section 125 options
- For an additional fee - Produce personalized employee benefit summaries
- Coordinate all aspects of your employee benefits program.
We suggest that you use the above list like a checklist. Compare the services you are receiving now to what you would receive as customers of Barker & Associates LLC.
| Retirement Planning Advisory Services The Perfect Savings Plan401(k) plans have grown exponentially over the past decade. They have become so popular, because they offer employers a flexible means by which to help their employees save for their own retirement. Many experts consider a 401(k) retirement plan the PERFECT SAVINGS PLAN. Here's why: - Payroll deduction – Adds a forced savings element. You must pay yourself first.
- Pre-tax dollars – Why not let the government contribute by letting you use tax-free dollars.
- Tax-Deferred income – You pay no income tax on the income you earn until withdrawal.
- Compounding Interest – You are earning tax- free "interest – on – interest".
- Diversified Investment Options – Your money will be professionally managed.
- Dollar Cost Averaging – By contributing small amounts over time you will buy shares at the lowest average price.
- Penalty for Early Withdrawal – You would not expect this to be an advantage, but it helps you keep the money until you need it at retirement.
- Generous Allowable Contributions – A 401(k) plan lets you invest up to 25% of pay.
Do you need any more reasons to begin saving for your retirement? Keep reading because here comes the ultimate reason for signing up for a 401(k) plan! - Company Matching – Where else can you get a guaranteed and immediate investment return!
______________________________ Important Disclosure BARKER & ASSOCIATES LLC is a Registered Investment Advisory firm in the state of Washington, located at 18500-156TH Ave NE #206, Woodinville, WA 98072. Barker & Associates LLC is in compliance with current registration and /or filing notice requirements imposed upon Washington State Registered Investment Advisers. Barker & Associates LLC may only transact business in those states in which it is registered or qualifies for an exemption or exclusion for registration requirements |