Best Fargo Employee Benefit Packages Near Me – Premium Fargo ND Employee Benefit Plans Provider

Monday, November 13, 2023 14:55 Posted by Admin
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In today’s competitive job market, attracting and retaining top talent is crucial for businesses in Fargo, ND. One way to achieve this is by offering comprehensive employee benefit packages Fargo ND. In this blog post, we will examine the different types of employee benefits offered by large and small businesses in Fargo and discuss some tips for employers to improve their benefit packages. Let’s dive in!

Key Takeaways

  • Fargo, ND employers offer comprehensive benefits packages including health insurance, PTO and retirement plans.
  • Employers should contribute significantly to employee benefits in order to attract and retain top talent.
  • Employers can improve benefit packages by offering competitive compensation, flexible work arrangements & professional development opportunities.

Understanding Employee Benefit Packages in Fargo, ND

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When assessing job offers in North Dakota, the employee benefits play a significant role. In a city of Fargo, workers typically seek comprehensive benefits packages that include health insurance, paid time off, paid holidays, and retirement plans. Companies looking to recruit, hire and retain top talent in Fargo can utilize a healthy benefits package to achieve this goal.

Providing financial protection in case of illness or injury, health insurance and sick leave is often a primary concern for employees. Employees highly of personal leave and value paid time off, or personal leave, including vacation and sick leave, as it offers them a chance to rest, recharge, and attend to personal matters. As a contributor to long-term financial security, retirement plans like 401(k)s form an essential part of an attractive benefits package.

Health Insurance

Health insurance options in Fargo, ND, include:

  • Group plans contracted by organizations and offered to their members or employees as part of a comprehensive health insurance package
  • A range of plans and insurers available, allowing for a broad selection of policies and prices
  • The ability for businesses to customize their coverage to suit their employees’ needs

One example of a comprehensive health insurance package for children is family coverage offered by Fargo Public Schools (FPS). The package includes family coverage for children with the following benefits:

  • Traditional health insurance plan
  • High-deductible health plan with a health savings account
  • Dental coverage
  • Vision coverage
  • Term life insurance policy
  • Fully-funded long-term disability plan

Paid time off policies in Fargo, ND, typically consist of:

  • Annual leave
  • Sick leave
  • Vacation
  • Paid holidays
  • Paid time off (PTO)
  • Bereavement leave

Full-time employees generally start accumulating annual sick leave at a rate of approximately one day per full pay month, with part-time and hourly employees earning annual sick leave on a prorated basis. The average number of vacation days employees receive in Fargo can vary depending on the employer, but the City of Fargo, for example, offers vacation days starting from an average of 3.25 hours per pay period for employees with less than four years of service, which increases with tenure.

In West Fargo, full-time, regular employees are granted two days per year of personal leave, amounting to a total of ten hours. Sick time and sick leave, and holidays off policies for these employees generally allocate two days of sick time per year, with hours equivalent to their usual shift. Employees need to consult their specific employer’s policies for more details on paid sick time and paid holidays off.

Retirement Plans

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Employees of Fargo Public Schools have a choice between two retirement plans – the Teachers Fund for Retirement (TFFR) and the North Dakota Public Employees Retirement System (NDPERS). They can decide which plan best suits their needs. The TFFR plan provides North Dakota public educators with a comprehensive retirement program, offering benefits such as retirement, disability, and beneficiary benefits.

The NDPERS plan allows employees to pay for:

  • Make monthly contributions to their retirement plan, accruing service credit for each contribution
  • Calculate their lifetime, monthly benefit according to a specific formula
  • Apply for retirement benefits no later than 30 days prior to their intended retirement date.

The key advantages of both TFFR and NDPERS retirement plans include:

  • Retirement security
  • A comprehensive retirement program
  • Employer contributions
  • Disability benefits
  • Benefits for beneficiaries

Comparing Large and Small Business Employee Benefits in Fargo, ND

Large businesses in Fargo typically provide comprehensive employee benefits, including:

  • Health insurance
  • Retirement funds
  • Dental insurance
  • Paid time off (PTO)
  • Life insurance
  • Education assistance
  • Flexible spending accounts (FSAs) or health savings accounts (HSAs)

In comparison, small businesses in the city of Fargo may have limited resources, which can impact the extent and value of benefits they can offer. However, research show some small businesses in the city of Fargo provide competitive benefits packages to appeal to, hire and maintain employees.

Employees should conduct research on specific businesses in the city of Fargo to evaluate their employee benefits offerings. For example, small businesses in Fargo may offer:

  • Fully insured and self-insured health plans
  • Group health insurance plans from Superior Insurance Agency
  • Employer-sponsored health insurance plans from various carriers such as Sanford Health Plan, Medica, and Blue Cross Blue Shield

Large businesses may provide similar health insurance benefits, as well as additional insurance perks such as disability insurance coverage and life insurance.

Large Business Benefits

Large businesses in Fargo offer various health insurance options and additional perks to their employees. North Dakota allows large employers to choose from different health insurance coverage structures such as preferred provider organizations, health maintenance organizations, and point-of-service structures. These businesses, with 50 or more full-time employees, are mandated to provide health insurance coverage.

Examples of additional benefits typically provided by large businesses in Fargo include the following benefits:

  • Health insurance
  • Retirement funds
  • Dental insurance
  • Paid time off (PTO)
  • Representation and advocacy
  • Resources and events
  • Life insurance
  • AD&D insurance

Large businesses can attract, hire and retain top talent in the competitive job market by offering top pay and a diverse range of benefits.

Small Business Benefits

Small businesses in Fargo can also offer employee benefits, although they may face limitations due to their size and resources. The Affordable Care Act (ACA) SHOP marketplace is a platform designed to help small employers offer either health insurance or dental coverage to their workforce. To be eligible for the ACA SHOP marketplace, businesses must have up to fifty employees, including the proprietor.

Another option for small businesses is the Qualified Small Employer Health Reimbursement Arrangement, which allows employers to allocate non-taxed funds towards an employee’s expenses, including premiums and copayments for eligible health insurance plans. Despite a business having limited resources, small businesses in Fargo can attract top talent by providing cost competitive employee benefits packages through the use of these resources.

Additional Perks and Benefits

In addition to the standard employee benefits discussed earlier, employers in Fargo offer various additional perks and benefits such as wellness programs, flexible spending accounts, and vendor discounts. For example, Fargo Public Schools provides employees and their household members with access to The Village Employee Assistance Program, a complimentary counseling service. The Fargo Public Schools Credit Union is another example, offering a variety of financial services to its members.

Additional perks pay and benefits can boost an employee’s overall job satisfaction significantly, leading to higher retention rates and a more engaged workforce. Employers in Fargo should consider offering a diverse range of benefits to attract, hire and retain top talent in the competitive job market.

Employer Contributions to Employee Benefits

Employer contributions to employee benefits in Fargo play a significant role in the overall attractiveness of a benefits package. In North Dakota, employers are known to contribute in the policy expense for individual employees’ health insurance coverage. On an average, they give 83% of the cost. The mean annual employer contribution per worker for health insurance in North Dakota is $5959.

As outlined by the City of Fargo’s Human Resources department, employers in Fargo should familiarize themselves with the regulations concerning contributions to the cost of employee benefits. By offering competitive benefits packages and contributing to the cost of employee benefits, employers can attract, hire and retain top talent in the competitive job market.

Navigating the North Dakota Insurance Marketplace

Employers seeking to provide employee benefits in Fargo can navigate the North Dakota insurance marketplace to find suitable options and resources. The North Dakota insurance marketplace, also known as the Health Insurance Marketplace, enables residents to enroll in individual/family health coverage and receive income-based subsidies. To access the marketplace, employers can consult the North Dakota Insurance Department website or engage a benefits broker to identify the most suitable plans for their employees.

Employers need to explore the various options available in the North Dakota insurance marketplace and choose the best fit for their business and employees’ needs and preferences. Offering a comprehensive benefits package can help employers boost employee satisfaction and retention, leading to a more motivated and engaged workforce.

Tips for Employers to Improve Employee Benefit Packages

To enhance their employee benefits packages, employers in Fargo can implement a range of strategies. These include:

  • Offering competitive compensation packages
  • Providing comprehensive health insurance coverage
  • Offering retirement savings plans
  • Providing flexible work arrangements
  • Offering professional development opportunities
  • Cultivating a positive company culture

Additional perks and the following benefits, such as employee recognition and reward programs and paid holidays off, can also contribute to an employer more attractive benefits package.

Improving employee benefit packages can have a significant impact on employee satisfaction and retention in Fargo. Employers can enhance employee satisfaction and retention by offering comprehensive benefits packages and regularly communicating about the company and available benefits, thereby increasing their awareness of employer, and appreciation of employer itself.


In conclusion, employee benefits play a crucial role in attracting and retaining top talent in Fargo, ND. By understanding the different types of employee benefits offered by large companies and small businesses in Fargo, and implementing strategies to improve their own benefits packages, employers can enhance employee satisfaction and retention, contributing to a more motivated and engaged workforce. Remember, a comprehensive and well-rounded employee benefits package can make all the difference in today’s competitive job market and business.

Frequently Asked Questions

What is a standard benefit packages for employees?

Employee benefit packages typically include non-salary compensation such as health care coverage, retirement benefits, paid time off, sick leave and mandated federal benefits like COBRA and FMLA. Many states additionally mandate disability insurance coverage and worker’s comp coverage.

Does Wells Fargo have good employee benefits?

Wells Fargo offers comprehensive and price competitive medical, dental, and vision benefits, demonstrating that they value and have good employee benefits.

What are the 4 major types of employee benefits?

Employee benefits typically include medical, insurance, paid time off, and retirement. These four represent the traditional forms of pay and employee benefits, while others such as employee engagement or company culture-enhancing group benefits may be nontraditional.

How much is a benefits package worth in salary on average?

On average, the price of a benefits package is worth over 30% of the value of an employee’s salary. This in price means that for a salary of $65,000, the benefit plan would cost around $27,855, bringing the cost of the value of the total compensation to $92,855 or more.

What are the essential elements of employee benefit packages in Fargo, ND?

Employee benefit packages for companies in Fargo city, ND typically include health insurance coverage, some paid holidays and time off, and retirement plans.

Written by Todd Taylor

Todd Taylor

Todd Taylor oversees most of the marketing and client administration for the agency with help of an incredible team. Todd is a seasoned benefits insurance broker with over 35 years of industry experience. As the Founder and CEO of Taylor Benefits Insurance Agency, Inc., he provides strategic consultations and high-quality support to ensure his clients’ competitive position in the market.

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