At K2 Advisors Group, we pride ourselves on delivering impactful benefits solutions that drive cost savings while enhancing employee satisfaction. In this success story, we highlight how one of our clients achieved remarkable savings and improved employee benefits in their first year with us.
First-Year Client Success: Our client, a mid-sized company, partnered with K2 Advisors Group to optimize their benefits program. Within the first year, the results were outstanding:
- $2.5k Annual Savings per Employee: Through our tailored benefits solutions, the client saved an average of $2,500 per employee annually.
- 20.4% First Year Reduction in Spend: We reduced the client’s overall benefits spending by 20.4% in the first year.
- $157.9k Savings Versus Renewal: Compared to their previous renewal rates, the client saved a total of $157,900.
Enhanced Employee Benefits: In addition to significant cost savings, we also improved the quality of benefits for the client’s employees:
- No Cost Generic Medications: All employees now have access to generic medications at no cost, easing the financial burden of healthcare.
- Lower Out-of-Pocket Costs: Our solutions lowered out-of-pocket costs for employees, making healthcare more affordable and accessible.
- Improved Employee Benefits: We revamped the benefits package to better meet the needs of the employees, leading to higher satisfaction and retention rates.
This success story exemplifies the impact of partnering with K2 Advisors Group. Our comprehensive approach not only delivers cost savings but also enhances the overall employee benefits experience.
Check out more success stories HERE!
Ready to achieve similar results for your business? Contact K2 Advisors Group today to learn how our benefits solutions can drive savings and improve employee satisfaction. Let us help you optimize your benefits program for better results.
