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| STHRM will conduct a structured review of your current benefits and identify company objectives, requirements,.. |
STHRM Benefits
Health Benefits Planning, Define Benefit Programs, Define Contribution Programs
Total benefit costs to employers average approximately 40 percent. STHRM will conduct a structured review of your current benefits and identify company objectives, requirements, and develop cost containment strategies to meet your business objectives.
Health and Welfare Benefit Planning
The terms welfare benefit plan mean any plan, fund, or program established or maintained by an employer or by an employee organization, or by both, to the extent that such plan, fund, or program was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical, surgical, or hospital care or benefits, or benefits in the event of sickness, accident, disability, death or unemployment, or vacation benefits, apprenticeship or other training programs, or day care centers, scholarship funds, or prepaid legal services.
Define Benefit Pension Plan
STHRM will handle the preparation of benefit books and employee communications including new employee orientation, coordinating enrollments, change of beneficiaries, appeals, and COBRA administration.
Define Contribution Programs
An individual – account pension plan, in which the contributions are specified by a formula. The benefits are whatever the amount accumulated in the participant’s account will buy.