Click the module which offers information to fit your needs:
Employee Benefits Depot
Reduce Paper, Cut Costs and Streamline Your HR/Benefits Department
Customized employer-branded websites include audio and video tutorials and optional online enrollment. Online, customized benefits “headquarters” with access to all employee benefit plan information – from all carriers. Cost summaries, outlines of coverage, forms, documents, handbooks, SPDs and links to providers, reducing calls to HR, admin tasks and paperwork.
- The average small to mid-sized employer spends $750 per year per employee on routine administrative tasks and queries. Source: Aeon Consulting
- Save $300 per employee per year in admin costs with an online employee benefits system. Click here to see the ROI study regarding Online Benefits System.
View a demo of an Employee Benefits Depot “headquarters.”
Features of the Online Enrollment option (Enrolltek)
View a sample of the Total Compensation option. (Enrolltek)
Financial Learning Center
“Critical decisions – from financing higher education to saving for retirement – can have lasting consequences for individuals and for our country’s economy. Financial Literacy enables people of all ages to make smart choices and set goals to protect their hard-earned income.”
– President Obama as quoted in the article Dig out of debt with a financial coach by Michelle Singletary, Washington Post, April 8, 2015.
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The Financial Learning Center includes a library of articles, calculators, audio and video tutorials, courses and links to hundreds of websites on virtually any life stage and life event issue. From teenager to retirement, the Financial Learning Center is your personal financial resource headquarters.
Here you’ll find comprehensive material on topics including Money Management, Credit & Debt, Insurance, Saving & Investing, Home Ownership, Retirement Planning and Estate Planning. Health, Nutrition and Elder Care issues are included as well as robust sections that address the complexities of Medicare and Social Security.
Access to a licensed financial professional is an email or phone call away.
The Financial Learning Center helps reduce stress as employees face family life events issues and complex financial decisions.
- e-Newsletters: Sent regularly to employees and address timely personal financial topics.
- Personal Financial Organizers: A “take action” section to help you put your finances and budget in order.
- The Living Balance Sheet: A secure electronic wealth organization platform designed to help you analyze your strategies and make truly informed decisions. See Video
The Living Balance Sheet® and the Living Balance Sheet® Logo are registered service marks of The Guardian Life Insurance Company of America (Guardian), New York, NY. The graphics used herein are the exclusive property of Guardian and protected under U.S. and International copyright laws. ©: Copyright 2005-2012, The Guardian Life Insurance Company of America.
Career Transition Strategies
Provides education, guidance and financial services for employees who are retiring or changing jobs and need assistance concerning their retirement plan distribution options, insurance benefits, and available government programs. Topics include:
- Preparing to Live in Retirement
- Leaving Your Job?
- Rollover Action Package
- Health / Medical
Each departing associate has the option to meet with a licensed professional adviser to evaluate job transition options and strategies. Checklists, worksheets, articles, and links to dozens of educational sites address the multiple financial and lifestyle concerns facing individuals and families during this unsettling time of change.
Insurance Store
As a supplement to your employer – provided group insurance, the Insurance Store is available to all FBN members, family and friends. It’s now easy to purchase your personal insurance plans online while also having access to a licensed insurance professional to help explain plan alternatives.
Videos and articles explain the different types of insurance coverage – life, disability, vision, dental, medical, long term care, medicare supplement.
Financial Coaching
The Need for Financial Coaching
If you’re in a hole, you have to believe you can climb out. You have to take responsibility for whatever you can do to lift yourself up. You can learn to make better financial decisions so that you can maximize the money you do have. You can climb out of the hole by getting some financial coaching.
Source: Dig out of debt with a financial coach by Michelle Singletary, Washington Post April 8, 2015.
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Increased Employee Productivity. Fewer 401(k) loan requests.
- According to a FinFit survey, 85% of employers say employees participating in financial wellness programs showed more productivity at work.
- Nearly half of the employers polled indicated a significant reduction in employee requests for 401(k) loans since implementing the program. Source: Employee Benefit News online article by Nick Otto, September 19, 2014
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FBN has partnered with Coach Connections to address the need for improved employee financial wellness.
- Finances are the leading cause of stress outside the workplace. This impacts the bottom line through presenteeism, turnover and poor morale.
- Our team of coaches is available to serve either on-site or virtually via Skype, phone or GoToMeeting.
- Employers that engaged a coach have seen results that include a 30% reduction in 401(k) loans, 8% reduction in turnover, and an increase in emergency funds from 8%-86%.
- Imagine the impact on your organization when you are recognized as the source for positive behavioral change in people’s financial lives.
- Imagine the loyalty of your clients, employees or associates after you provide them with access to a financial coaching team whose sole mission is to provide the peace of mind that comes from taking control of finances and living with a plan for the future.
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What is a Financial Coach? How would I benefit?
1) Fine Tuning: Perfect for those that want to discuss a specific topic or want a second set of eyes to evaluate their situation.
2) Select-A-Coach: Matches you with a coach experienced with situations like yours and has the proven ability to maximize your potential.
3) My Money Wellness: Online Education. A self-paced education platform. Learn more
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Description of Offerings:
- Coach Match Consultation – Free phone consultation to determine the financial coach that will be a best match for you and your situation
- Private Coaching Session – Personalized session(s) with an expert financial coach. You will be matched with a coach that is an expert for your situation. None of our coaches sells insurance, investments or any other financial product
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Accountability Program – Email us your budget each month and we’ll reply with adjustments, corrections and tips specific to your situation and goals
- E-Mail Support – Send us your questions and we’ll provide guidance
- 3 Months Private Coaching – Unlimited access to a financial coach for three months
- Online Education – Annual membership to a self-paced online education platform (My Money Wellness)
Take Action: Click here to have a Financial Coach contact you for your 20 minute free, no obligation consultation.
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HRweb
Financial Benefits Network has partnered with HRweb, a complete workforce management tool utilizing cloud technology for enhancing the productivity of managers worldwide.
Providing intuitive interfaces, the HRweb solution simplifies your workforce management and improves the way you manage your employees.
HRweb includes fully integrated modules for tracking:
