Health and welfare benefits represent a major investment for employers—and one of the most complex areas for plan sponsors to navigate. From opaque fee structures to rapidly evolving compliance requirements, selecting the right broker or consultant requires more than price comparisons. It requires transparency, alignment with organizational goals, and confidence that your participants’ best interests are being served.
SBA brings objectivity to this process. We do not sell insurance products, accept commissions, or have ties to specific carriers. Instead, we serve as your advocate in evaluating brokers and consultants on the merits of their services, fee structures, and ability to deliver long-term value.
Our proven methodology begins with identifying your key buying criteria, whether that’s innovative cost-containment strategies, employee engagement tools, or regulatory expertise. We then structure the RFP process to ensure candidate firms present comparable proposals and fully disclose compensation arrangements.
As highlighted in our work on healthcare cost transparency, plan sponsors don’t need to control every aspect of participant medical decisions to be prudent fiduciaries—but they do need to carefully evaluate and monitor their vendors. SBA equips you with the insights and process discipline to do just that, enabling a selection that balances cost, service quality, and transparency.
This service is available for the following benefit plan types:
| Defined Contribution |
Defined Benefit |
Health & Welfare |
Non-Qualified |
|---|---|---|---|