At Employee Retention Benefits, Inc. (ERB), we recognize that navigating financial programs for your Los Angeles employees can be complex. From 401(k) plans to various insurance offerings, understanding all the moving parts takes expertise. That’s why we’re answering some of the most frequently asked questions about our tailored financial services.
What financial programs does ERB offer Los Angeles employers?
Our expansive portfolio includes 401(k) plans, pension plans, buy-sell agreements, key man insurance, and executive bonuses. We also provide financial education services, equipping employees to make wise decisions.
How does ERB approach financial program design?
We reject one-size-fits-all solutions. Our Los Angeles advisors invest time understanding each client’s unique objectives, challenges, and workplace culture. Then we propose targeted financial programs to empower your organization. Customization is key; no two employers have the identical needs.
What makes ERB different from other Los Angeles financial providers?
Our dedication to service excellence and relentless innovation propels us forward. We continually enhance our expertise and offerings to best support employers. You’re not just another account to us but a valued, long-term partner. We also handle all enrollment and account management in-house, enabling highly responsive support.
How can financial programs impact employee retention?
Our research shows that robust financial programs can boost retention by 15-20%. Employees today seek more than just competitive compensation; they want evidence their employer actively invests in their financial future too. The right mix of 401(k) matching, retirement planning resources, and insurance demonstrates your commitment.
What implementation timelines can Los Angeles employers expect?
We’ve launched financial programs in as little as three days when necessary but prefer two weeks for a smooth rollout. This allows sufficient time for enrollment preparations and employee education. No need to worry about disrupting operations for months getting solutions off the ground.
How does ERB simplify financial program complexities?
We speak English, not confusing industry jargon. Our advisors carefully translate perplexing concepts into understandable terms, ensuring clients grasp the details. We also provide continual learning opportunities to help demystify financial strategies. Knowledge is power, so we equip employers to make the smartest decisions.
How does ERB help employers evaluate financial program success?
We provide comprehensive analytics on 401(k) engagement, insurance utilization rates, and other key metrics. These insights help gauge program effectiveness and identify areas for fine-tuning. Our Los Angeles team consults employers on optimizations to ensure offerings continuously align with workforce needs.
What financial literacy guidance does ERB make available?
An informed workforce makes smart financial decisions, so we supply a robust library of educational materials. These cover topics like managing debt, calculating retirement needs, investment basics, and more. We also host periodic webinars and workshops. Building financial acumen ultimately helps employees secure their futures.
At ERB, taking the confusion out of financial planning is our specialty. Let us help you create people-first programs tailored to your Los Angeles team. Contact us today to get answers to your most pressing questions.
