Best Overland Park Employee Benefit Packages Near Me – Premium Overland Park KS Employee Benefit Plans Provider

Wednesday, November 8, 2023 17:19 Posted by Admin
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A well-crafted employee benefits package is essential for attracting and retaining top talent in today’s competitive job market. In Overland Park, Kansas, companies have a wealth of options to create comprehensive and attractive employee benefit packages Overland Park KS that cater to meet the diverse needs of their workforce. This ultimate guide will walk you through the process of designing, implementing, and managing quality employee benefit plans in Overland Park, ensuring your business stands out as a top employer.

Key Takeaways

  • Overland Park businesses can create an attractive employee benefit package by offering group health insurance, retirement plans, flexible work arrangements & more.
  • Navigating employee benefit regulations is essential for compliance and success of the benefits program.
  • Employee benefits brokers provide employers with expertise to select, manage & navigate their packages effectively.

Creating an Attractive Employee Benefit Package in Overland Park

A successful employee benefits package goes beyond just salary. Employees value certain benefits highly. These include:

  • Health insurance
  • Paid time off
  • Family leave
  • Retirement plan contributions
  • Flexible scheduling
  • Tuition assistance

Local providers like Axcet HR Solutions and Aspire Wealth Management offer tailored solutions and support for small and mid-sized businesses in Overland Park. To gain a better understanding of the costs associated with these benefits, you can contact and request a free quote from providers like Benefit Brokers, LLC.

Health insurance and retirement plan options form the backbone of a compelling employee benefit package. Overland Park companies have access to a variety of health insurance plans, including large group, small business, and individual options, as well as group plan options. Retirement plans, such as 401(k) plans and pension plans, provide employees with financial stability in their golden years. By offering workers a comprehensive package that includes these essential benefits, your company can effectively recruit and retain top talent.

Don’t forget to include additional perks that cater to the diverse needs of your workforce. Benefits like flexible work arrangements, professional development opportunities, and paid time off can greatly enhance employee satisfaction and loyalty. Ultimately, a well-rounded and competitive employee benefit package can set your Overland Park business apart in today’s job market.

Health Insurance Options for Overland Park Companies

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Overland Park businesses and individuals can choose from large group, small business, and individual health insurance plans. When selecting a top insurance plan, it’s crucial for employers to consider the requirements set forth by the Affordable Care Act (ACA), such as offering coverage for dependents, covering at least 60% of expected medical charges, and ensuring the premium share does not exceed 9.61% of an employee’s income.

Small business workers in Overland Park commonly choose Preferred Provider Organization (PPO) for insurance plans, followed by Health Maintenance Organization (HMO) networks. The Small Business Health Options Program (SHOP) offers resources and policy information, helping small businesses and individuals navigate the complex world of health insurance plans.

When selecting a health insurance plan for workers at your Overland Park company, it’s essential to consider the unique needs of your employees and the specific regulations that apply to your business. By offering a quality health insurance plan, you can attract top talent and ensure the well-being of members of your workforce.

Retirement Plans for Overland Park Employees

Offering retirement plans is of great importance in providing financial stability for your employees and ensuring a secure future for families around them. Overland Park companies can choose from various retirement plan design options today, including:

  • 401(k) plans
  • Simple IRA plans
  • SEP IRA plans
  • Solo 401(k)
  • Traditional 401(k)
  • Profit-Sharing Plans
  • Defined Benefit Plans
  • Cash Balance Plans

When planning for retirement, employees should consider their full retirement age (FRA) when deciding when to file for Social Security benefits. The average Social Security benefits provide 30% of a retiree’s income. This forms an essential part of guaranteed income in retirement. By offering comprehensive retirement plans, your company can support employees in achieving their retirement savings goals and ensure their financial stability in the long run.

Aspire Wealth Management provides management and support services for retirement plans, helping your Overland Park business and professionals navigate the complex world of retirement planning. By partnering with experts in the field, your company can offer competitive retirement benefits and services that cater to meet the needs of your diverse workforce.

Additional Benefits to Enhance Your Overland Park Employee Package

In addition to health insurance and retirement plans, offering supplementary benefits can significantly enhance your own employee benefits package. Overland Park companies may consider providing additional benefits such as:

  • Employee assistance programs
  • Short-term disability coverage
  • Group health insurance
  • Vision insurance
  • Flexible spending accounts
  • Retirement benefits

In Overland Park, flexible work arrangements serve as a potent tool for drawing in and retaining top talent. These arrangements can improve employee satisfaction and productivity by offering a better work-life balance. Furthermore, professional development opportunities in Overland Park include:

  • Employee assistance programs
  • Training and development programs
  • Management and leadership development
  • Networking opportunities with industry colleagues

These opportunities today can help employees, employers, business, and professionals grow and advance in their careers today.

Another integral component of an appealing employee benefits package in Overland Park is paid time off. It enables employees to take time away from work for personal reasons, such as vacation, illness, or family emergencies, without having to forgo their salary. By offering a comprehensive package that includes these additional benefits, your company can foster a supportive and inclusive work environment that appeals to a diverse workforce.

Navigating Employee Benefit Regulations in Overland Park

Staying informed about employee benefit regulations in Overland Park is essential for compliance and maintaining a successful employee benefits’ program. Companies must comply with ACA requirements, state-specific laws, and other compliance considerations when offering employee benefits. Applicable large employers (ALEs) in Overland Park are required by the ACA to provide employees working 30 hours or more per week with the opportunity to purchase health insurance, and ACA plans must include coverage of 10 essential benefits.

Kansas state-specific laws also impact employee benefits, such as being a right-to-work state, the age of new employees being eligible for benefits from their first day of employment, and specific policies like Crime Victim Leave, Domestic Violence Leave, and Jury Duty Leave. Overland Park companies can stay up-to-date on employee benefit regulations by attending national conferences, outsourcing employee benefits administration and compliance services, and regularly monitoring legal changes related to employment.

To ensure compliance with regulations, companies can consult CPA firms specializing in employee benefit plan design and audits, or contact the City of Overland Park’s HR department for comprehensive information on their compensation plan and benefits packages. By staying informed and adhering to regulations, your company can avoid potential legal issues and maintain a successful employee benefits plan design and program.

Choosing the Right Insurance Carrier for Your Overland Park Business

The decision to select the right insurance carrier for your Overland Park business is of utmost importance. Factors to consider include:

  • The reputation and financial strength of the insurance provider
  • Cost factors specific to the industry
  • The expertise and service provided by the insurance agent
  • The coverage options and policies offered by the insurance carrier
  • The ability to choose from multiple insurance carriers.

Local insurance agencies, such as the Oliver Insurance Agency, have been serving the Overland Park community for many years, offering personalized services and expertise in various industries. Aspire Wealth Management also offers clients a diverse selection of tools, services and tactics to have clients mitigate risk, tailored to meet their clients’ individual objectives and requirements.

To get an accurate estimate of the cost of business insurance in Overland Park, it is recommended to obtain a free quote or quotes from insurance providers. By carefully evaluating your various insurance options and partnering with a reliable insurance carrier, you can ensure the financial stability and security of your business and employees.

Customizing Benefit Packages for Diverse Workforces

Creating quality customized benefit packages for diverse workforces in Overland Park involves offering competitive and relevant benefits, creating a fun work environment with quality perks, assessing inclusivity, using risk, utilizing data to understand employee needs, and actively listening to employees. Customized employee benefit packages can include flexible benefits packages, inclusive benefits, international benefits packages, customized lifestyle benefits, and cafeteria-style benefits packages.

By conducting employee benefits surveys and offering personalized employee benefits and options, your company can acquire valuable insights and data to further design and construct customized employee benefit plans and packages that meet the diverse needs and preferences of employees in Overland Park. This approach fosters a supportive and inclusive work environment, ultimately improving employee satisfaction and retention.

Customizing benefit packages not only caters to meet the diverse needs of members of your workforce but also demonstrates your company’s commitment to employee well-being and business success. By offering workers a comprehensive and tailored benefits package, your Overland Park business can attract top talent and maintain a positive work culture.

The Role of Employee Benefits Brokers in Overland Park

Employee benefits brokers in Overland Park play an essential role in helping employers navigate the complex world of employee benefits, including health insurance, retirement plans, and other perks. They provide expertise and guidance in selecting and managing employee benefit packages, how employers negotiate with insurance providers, and how employers ensure compliance with relevant laws and regulations.

Brokers possess extensive knowledge of different insurance providers, rates, and coverage options, enabling them to help businesses evaluate their own risk, needs, risk, and budget to identify the most suitable insurance solutions. They also utilize various strategies to assist clients and them when negotiating rates, such as formulating countermoves, leveraging connections with insurance carriers, and applying their knowledge of market and industry trends.

In addition to their role in selecting and managing employee benefit plan packages, brokers provide ongoing support to their clients and employees, with services such as helping them understand their benefit plan options and resolving any issues that may arise. By partnering with an experienced benefits broker in Overland Park, your company can ensure a successful and compliant employee benefits program.

Implementing and Managing Employee Benefit Programs

Implementing an employee benefit program in Overland Park involves setting up a budget, deciding which benefits to include, researching and selecting benefit providers, communicating the program details to employees, enrolling employees in the chosen benefits, and providing ongoing support and management of the employee’ program. Effective communication is key in ensuring employees understand their benefits and any changes or updates, and can be achieved through written plans, innovative communication strategies, and personalized benefit reviews.

Managing the enrollment process for employee benefits requires establishing a portal account for employees to log in, access, and make their benefit selections, facilitating in-person or on-site meetings with individuals, providing them access to resources and information regarding the available benefits, ensuring employees understand enrollment deadlines, and offering assistance and support to individuals during the enrollment process.

Ongoing administration of employee benefit programs in Overland Park involves:

  • Establishing a strategy that reflects the desired market positioning
  • Aligning the total rewards framework with the company’s strategy
  • Considering industry best practices and current applications
  • Offering clear and detailed benefit summaries
  • Effectively communicating with employees about their benefits and any changes or updates

By following these best practices, your company can maintain a successful and compliant employee benefits program.


Creating a comprehensive and attractive employee benefits package is essential for attracting and retaining top talent in Overland Park. By offering a wide range of health insurance, retirement plan options, and additional benefits that cater to the diverse needs of your workforce, your company can stand out as a top employer in the region. Partnering with experienced professionals, staying informed about regulations, and customizing the employee benefit plans and packages for your employees can ensure the success and growth of your business. Invest in your employees, and they will invest in your company’s future.

Frequently Asked Questions

What is a standard benefit packages for employees?

Employee benefits packages typically include medical insurance, life insurance, dental insurance, a 401k plan, holidays, and paid time off. These perks and benefits are provided in addition to an employee’s wages and salary.

What are the 4 major types of employee benefits?

The four major types of employee benefits are medical, insurance, paid time off, and retirement. Additional nontraditional employee benefits may also be offered to improve employee engagement and retention.

How much should employee benefits be?

Employee benefits should be tailored to the individual needs of each employee. On average, it costs $11.86 per hour or 29.5% of the total cost per employee and includes insurance (25.7%), legally required benefits (7.7%), paid leave (25.2%), supplemental pay (12%) and retirement and savings (11.6%). Additionally, companies should also factor in lifestyle benefits ranging from $50-$200/month per employee.

What are the key components of an attractive employee benefits package in Overland Park?

The key components of an attractive employee benefits package in Overland Park include health insurance, retirement plans, paid time off, flexible work arrangements, and professional development opportunities, offering employees a comprehensive range of options to assist and support their overall wellbeing throughout life.

What health insurance options are available for businesses in Overland Park?

Companies in Overland Park have the option to choose from large group plan, small group plan, business, and individual health insurance 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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