Corporate Benefits

Providing innovative solutions and superior service to meet the needs of today’s rapidly changing employee benefits landscape.

Lenox Advisors Group Benefits differentiates itself by having the technology and resources of a large operation, but providing the personal attention of a smaller, specialized firm. Is your staff trained and prepared to administer the new HIPAA and COBRA regulations? Have you explored minimum premium or self-insuring your group benefits? Have you considered a Section 125 plan?

Lenox creates customized, scalable recommendations in an end-to-end service platform. A team staffing structure provides constant access to professionals in the employee benefits field so that corporate clients can continue being experts in their own fields.

A key resource for our clients is the bswift® HRIS (Human Resources Information System) and benefits tool. It’s an integrated web-based solution that combines benefits, HR and payroll administration. One which includes state-of-the-art technology to help administer online enrollments, detailed reporting, and tracking and performance management. bswift also offers a unique “plug and play” upgrade capability to help offer additional best-in-class service technology as desired.

Corporate clients can also access the Lenox RPC™ (Retirement Plan Consultancy) Platform to help implement and monitor their 401(k) and Defined Benefit Qualified Retirement Plans. . It’s designed to help plan sponsors address issues from establishing the Investment Policy Statement to the ongoing selection, monitoring and recommendations of the qualified plan’s investments. Our investment option review is fueled by a unique ScorecardSM System, which includes the rankings of a plan’s investment options in approximately 14 asset classes—a comprehensive process similar to what the largest and most advanced investment institutions utilize.

Lenox Advisors’ unique processes can deliver some of the most productive benefits programs possible for clients, educating and increasing the appreciation and loyalty of their most valuable assets: their human capital.

Read the latest issue of our Group Benefits newsletter. (PDF)

Learn more about our partnership with NFP Benefits, its advantages for Benefits Directors and employees, core products and services and recent news and information. We also have an informative Lenox Advisors Group Benefits/NFP Benefits brochure (PDF) which outlines our partnership’s products and services.

Executive/Business Owner Benefits

We work closely with business owners and their advisors to help ensure that their insurance and investment plans are in keeping with their personal and business objectives. This includes:

• Buy/Sell Agreements
• Key Man Coverage
• Business Succession Planning
• Generational Planning
• Deferred Compensation Programs

Executive Carveout/Multilife Capabilities

At Lenox Advisors, we treat corporate executives as if they were our own. We specialize in designing and implementing corporate voluntary benefit offerings with discounted (subject to approval) individual insurance and executive benefit strategies.

We have the technology and resources of a large operation, but provide the personal attention of a specialty firm. With a national presence, we can execute voluntary benefit programs on a face-to-face basis.

When companies endorse Lenox Advisors to provide objective assessments of their executives’ individual insurance coverage, we take this as a serious responsibility-- to them, their executives and ourselves.

We use web-based technology enabling us to efficiently and effectively ensure that your executives are getting individualized attention every step of the enrollment and application process.

Lenox Advisors’ expertise, personalized support and administrative capabilities yields higher participation levels in employer-sponsored voluntary insurance offerings than you may have thought possible.

Lenox provides personalized benefits consultation for executives:

• Our team of highly skilled experts meet one-on-one with every executive to discuss their unique situation.
• We do not inundate executives with marketing materials and enrollment or application forms. We sit down, face to face, and review the offerings.
• Executives can gain a deeper personal understanding of the benefits offered, how they work with the existing coverage and fit into their overall financial portfolios.
• We save Human Resource professionals valuable time by being the point people who field executives’ questions and inquiries.

Executives gain access to a firm that Investment Advisor magazine describes as the “epitome of wealth management done right.”*

• With Lenox Advisors, executives are introduced to knowledgeable and highly skilled professionals; professionals who will help them seize unique opportunities while saving them time, effort and frustration.
• Our parent company, National Financial Partners (NYSE:NFP) provides us access to a wide range of insurance carriers and the critical mass needed to negotiate favorable rates. This enables us to identify appropriate strategies designed to help meet your executives’ specific needs.
• Our corporate programs usually allow for discounted rates not available in the individual retail market.
• We can often leverage the industry’s leading electronic application technology to help maximize the efficiency of your executives’ benefits experience.

Lenox adds value without adding cost or administration

• Our voluntary offerings cost companies nothing. The employees choose to apply and pay for the offerings.
• There is little or no additional administrative burden to your firm. We can do virtually everything:
• Coordinate and manage insurance carrier and vendor relationships
• Oversee underwriting processes
• Plan and execute employee communications
• Offer one-on-one and online educational and application services
• Our web-based technology allows us to monitor every detail of the enrollment and application process to help ensure that your program is successfully implemented.
• We develop communications that reinforce your key messages and philosophy about benefits. We find good communications result in better and more effective perceptions of the program itself as well as its follow-on messages.
• Our personalized service extends well beyond underwriting and delivery of the policy. Whether it’s a general question about the policy, a need to revise coverage policy or even the need to initiate a claim, the employee can deal directly with his or her Lenox representative.
• Companies gain value by providing a tremendous opportunity for executives to get something they may not be able to get elsewhere. Companies are helping executives secure their financial future and demonstrating in a very real way that they are important. Showing you care goes a long way in the race to attract and retain talent.

Imagine working with Lenox Advisors and accumulating goodwill from your executives without bearing additional hard and administrative costs.

* Investment Advisor, July 2006

Click here for our Executive Carveout Programs brochure.

Click on one of our client’s names below to view their enrollment kits:

-- ING
-- StructureTone
-- ABN-AMRO

1. List of firms available upon request

• bswift® HRIS (Human Resources
  Information System) Technology
• Group Benefits Brokerage and
  Consulting
• Health & Welfare
• Disability/LTD
• Group Life Programs
• State DBL Programs
• STD/A.S.O. Programs
• Voluntary Benefit Programs
• Executive Carve-out Programs 
• Lenox RPC™ (Retirement
  Plan Consultancy) Platform
  

“Our group benefits practice is designed around one concept:  extraordinary service.  We treat your executives as if they were our own.”

Greg Large, CLU, ChFC
Managing Partner
Lenox Advisors