Team HR - Voluntary Benefits

Although benefits costs continue to rise each year, employers today should not be discouraged. Team HR can provide a number of viable strategies and alternatives for managing your benefits dollars.

Team HR can help shape and set the standard for your benefit programs. Our comprehensive services include: strategic benefit planning, full benefits administration, plan design to maximize your benefits dollars, and vendor management. In addition, we can provide to your employees a personalized total-comp statement ("Hidden Paycheck") and benefit communications to facilitate a better understanding of the total compensation your employees are receiving (see sample below).

Team HR has partnered with a few select brokerages, in order to provide group rates and guaranteed issue on several benefit plans tailored for your employees. Samples of voluntary benefits offerings are:

Sample Employee Total Compensation Statement

The following is a sample only, and can be customized to meet your unique requirements:

This benefit statement is a brief outline of the benefits provided to you by the Sample Company. It is our way of showing you how much we appreciate your contribution to the success of our company. Should you have any questions regarding this statement, please contact the Benefits Office.

Annual Wages Earned	26,656.18
Paid Time Off (vacation, holidays)	1,640.38
Profit Sharing Bonus	550.00
Year-End Performance Bonus	180.00
2006 Gross Wages*	$29,026.56

Additional Company Provided Benefits	Employer Cost
401(k) Match	905.85
Medical Insurance Premiums**	1,884.81
Dental Insurance Premiums**	105.12
Short-Term Disability Premiums	92.52
Long-Term Disability Premiums	101.40
Life Insurance Premiums	19.20
Employee Assistance Program	44.52
FICA	2,026.47
Worker's Compensation Insurance Premiums	606.09
State Unemployment Tax	117.25
Total Benefits Cost	$5,903.23

Total Compensation Package $34,929.79

Total Compensation

* The 2006 Gross Wages reported on this statement might not match your 2006 W-2 earnings, due to Section 125 deductions

** Medical and Dental Insurance premiums are based on the coverage enrolled in as of December 31, 2006