Company:

Aarcomm develops innovative industrial wireless remote control solutions for remote applications. With 30 employees, they are based in Coquitlam, BC

Client Brief: Jeff Yeo, CEO Aarcomm Systems Inc.

When we met with Aarcomm they had a traditional employee benefits plan that was just processing claims, and not transforming the business.  They had used a Broker tied to a large insurance Carrier, thinking that this approach would help them secure a stable plan long term. They were relying on their benefits plan to help with recruiting and retention but felt it wasn’t delivering on this promise, so they were open to exploring working with a Benefits Consultancy.

Through the OnPoint Benefits Wastage Analysis, Aarcomm was able to learn that they had been overpaying for their employee benefits by as much as 37% in some years, and scored low on the “braggability” of their plan design. A low braggability score impedes the speed at which new employees are been hired at.

Our benefits plan tune-up afforded them $30,000 a year in annual savings, which allowed us to integrate some flexible offerings like a Health Spending Account where each employee has access to $1,000 a year. 

We also bolstered up their mental health support which includes direct access to specialists, virtual primary care, and even access to Headspace, the meditation app. 

Previously, they had no Preferred Pharmacy Arrangement (PPN), so we introduced a solution through PocketPills, which delivers some of the lowest cost drugs directly to plan members.

The Bottom Line:

• Reduced their benefits spend by 28% annually.
• Improved the coverage and flexibility of the overall plan design without adding to the cost.
• Bolstered up the mental health support and primary care for virtual workers.
• Dramatically improved their braggability score to speed up recruiting for key roles.
• Have turnkey plan member communications which helps staff learn about their benefits