Clarifying the Critical

Bim Group designs, manages and supports custom employee benefit plans for a diverse set of clients with a variety of needs and differing priorities. We understand that benefits and insurance are complicated and ever-evolving. Therefore, we diligently maintain our knowledge of the current laws and industry best practices, and pair this knowledge with a laser-sharp understanding of each client’s concerns (e.g., budgetary restrictions, affordable healthcare, top benefits for employees, communication with employees, and process efficiencies, etc.). We make it easy for employers to sustain an employee benefit plan that is an integral component of an employee’s total compensation.

With a local focus, we are personally responsive.

Planning & Design

Bim Group is unmatched in its utilization of tools and resources in combination with the broad bench strength of consultants, underwriters, analysts, and account management teams to execute your employee benefit strategy—whether you have 50 or 5,000 employees. We are experts at executing complex project management including identifying cost reduction opportunities, building reliable budgets, and reporting financial/clinical data. Our planning and design resources support informed and objective executive decisions for any size employer.

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Population Health Improvement

Identifying and mitigating health risks within an employee population, which results in reduced utilization and savings, is easy to articulate but difficult to execute…without the expertise of BIM Group.

Forward-thinking employers who embrace population health improvement (PHI) as an economic business decision drastically impact employee health care consumption. Bim Group’s PHI strategies benefit employers that aspire to gain control over the cost of employee health care.

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Communication & Engagement

A critical success factor of any employee benefit plan is implementing strategies to ensure employees understand and value the benefits their employer provides. Recognizing the various learning styles of employees from baby boomers to millennials, our communication and graphic design teams distribute robust, dynamic communication resources.

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HR / Employee Advocacy

Bim Group is committed to making employee benefits easy to implement and administer while affording HR professionals the opportunity to focus on their core responsibilities. Our HR advocacy resources are designed to support executive leadership decisions regarding benefits in tandem with providing employees with an exceptional benefit experience year-round.

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Compliance

ERISA, ACA, FMLA, COBRA, HIPAA, GINA, ADA, FLSA and the list goes on. Many employers are unaware of the full scope of responsibilities necessary for compliance with federal regulations for health and welfare plans. Adherence to regulations protects the client from fines, keeps employees informed, and creates a strong foundation for the health and welfare plan. Bim Group ensures compliance obligations have been streamlined for maximum efficiency. We do not provide legal advice, but with a dedicated Director of Compliance, we offer education, recommend next actions, and connect clients with partners to address vulnerability gaps. Bim Group prides itself on timely communication, relevant webinars, and a client compliance portal housing past webinar recordings, white papers, and articles are readily available to clients.

When the needs of clients are beyond our scope of knowledge, our UBA partnership provides external points of contact with specialized legal counsel to facilitate discussions.

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Recent Insights

April 4, 2018
News

March 2018 Compliance Recap

March 2018 March was a quiet month in the employee benefits world. The Internal Revenue Service (IRS) released a bulletin that lowered the family contribution limit for health savings account (HSA) contributions. The U.S. Department of Labor (DOL) updated its model Premium Assistance Under Medicaid and the Children’s Health Insurance Program notice (CHIP notice). The […]
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March 19, 2018
News

2018 Annual Benefit Plan Amounts *Updated

If you would like a printable version of this guide, please email info@bimgroup.us and we will gladly forward one to you.   Contribution & Benefit Limits 2017 Limit 2018 Limit Section 401(k), 403(b), or 457(b) annual deferral $18,000 $18,500 SIMPLE plan annual deferral $12,500 $12,500 Section 415 maximums Annual benefit from defined benefit plan $215,000 $220,000 Annual additions to […]
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March 8, 2018
News

Kentucky’s Best Bet Winners Announced!

LEXINGTON, Ky. (March 8, 2018) — Business growth throughout Kentucky is critical to the continued expansion of the state’s economy and vital to job creation throughout the commonwealth. In conjunction with The Lane Report, Dean Dorton is proud to recognize the distinct and esteemed companies that are impacting Kentucky’s economic development through Best Bets 2017! The Best Bets […]
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March 7, 2018
News

February Compliance Recap

February 2018 February was a quiet month in the employee benefits world. The Internal Revenue Service (IRS) updated its Questions and Answers about Information Reporting by Employers on Form 1094-C and Form 1095-C, its Questions and Answers on Information Reporting by Health Coverage Providers, and its Questions and Answers on Employer Shared Responsibility Provisions Under […]
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