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Benchmarking & Plan Audits

Annually, we review your benefits plan and answer one simple question: is it helping you attract and keep good people?

Know Where You Stand. Know What to Improve.

Benchmarking tells you where you stand.
Plan Design Audit tells you what to do about it.

Benchmarking

  • Compared to peers of the same size, industry, and region
  • Covers premium splitting, retirement, life, disability, health, dental, and flex
  • Scored by percentile — 25th, 50th, or 75th
  • Shows where you’re strong and where the gaps are

Plan Design Audits

  • Line-by-line review against sector norms
  • Drugs, paramedical, vision, travel, medical supplies
  • Findings split into Recommendations and Considerations
  • Current industry trends to keep you in the loop

Benchmarking: How do you compare?

We compare your plan to other organizations of the same size, in the same industry/sector, and within the same region. This ensures you’re always measured against the right peer group, not a general average.

  • We will look at Premium Splitting, Retirement, Life Insurance, LTD, STD, HCSA, TSA, Health, Dental, and flexible benefits.
  • We obtain a percentile score. You’ll know if your plan sits in the 25th, 50th, or 75th percentile compared to your competitors. By looking at it this way, you’ll know the areas where you’re running strong and where there are opportunities.

Plan Design Audits: What should you do about it?

With your benchmarking, we compare your plan design line by line. Comparing coverage choices to what’s typical in your sector, translating to purposeful discussion and action. Findings are broken into two buckets:

  • Recommendations: The priority items. Things we believe are worth acting on.
  • Considerations: Lower-urgency ideas. Good options to hold for future plan improvements.
  • Add-On: What’s happening in the employee benefits and retirement industry?

Industry Context

We ensure you are aware of what’s happening with employee benefits plans. Since benefits don’t stand still, we also include insights from industry conferences, webinars, and ongoing conversations with our partners to ensure you aren’t in the dark. We provide a relevant trend section to keep you in the loop in our plan design audits.

Request Complimentary Benefits Benchmarking

To obtain the complimentary benefits benchmarking, please fill out the form below and attach your plan member booklet (optional). If you are not able to attach your booklet via the form, email it to us at info@davisbenefits.ca.

    Number of employees

    1 to 2525 to 100100 to 500500+

    Are you a decision maker with your organization’s employee benefits or retirement plan? (i.e. Owner, Controller, COO, CFO, CMO, Accountant, HR Director, Peoples & Culture Representative, Plan administrator, Plan Sponsor, etc.) Please let us know your role.

    Upload your plan member booklet



    Let’s Build a Better Benefits Experience, Together.
    Get a complimentary benchmarking report & plan design audit.
    BOOK A CONSULTATION

    or call us at 604.531.7979