06-13-16 Regular Meeting of the La Porte City Council

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reserves are within acceptable ranges. However, the Sample Company maintains a conservative individual stop loss level and gradual adjustments are recommended. The communication of the benefits program and resources available to participants is adequate but additional resources to empower members and communicate value are warranted for consideration. Compliance with PPACA has been an important strategic focus for the Sample Company and this will continue as the employer mandate and fees are implemented for the remainder of 2014 and into 2015. The TMRS and 457 retirement plans provide employees with adequate retirement alternatives, however additional due diligence of 457 plan providers and investment options is warranted. Although the Sample Company has provided access to a comprehensive ancillary / fringe benefits package, there are a few key benefit limitations within the Dental, Life, and Disability plans that warrant adjustments to provide comparable coverage to like entities. Goals The following are important organizational goals as it pertains to the health and welfare benefits package at Sample Company. Establish a 5 Year Benefits Strategy that will allow the Sample Company to attract and retain quality employees while evaluating and implementing plan designs and encouraging behavior that leads to controlled costs. Benchmark plan design, contribution levels and cost centers to ensure the Sample Company is offering a competitive group health benefits programs for all current and future full-time Formulate recommendations to management for enhancements to the benefits program(s) offered to Sample Company employees. Maintain a benefits burden as it relates to total compensation. Sample Company Bureau of Labor statistics. The benefits burden will be calculated by dividing the costs of benefits by total compensation. The benefits burden will be no greater than what is listed in these benchmarks for the private sector. Increase participation in wellness programs, quantify results, and shift from incentivizing participation to impacting outcomes, particularly to reducing, when possible, the existence of chronic and catastrophic conditions within the Sample Company Continue to monitor and maintain appropriate reserve and risk retention levels to ensure a financially solvent benefits program.