Employee Benefits

Group Insurance

Analysis of existing plans to identify cost saving and the opportunity to improve your ability to attract, retain, and reward your employees.

Our services include assisting in the enrollment and administration of these benefits, including:

  • Health Care
  • Dental Coverage
  • Life Insurance
  • Short-Term and Long-Term Disability Income Insurance
  • Long-Term Care Insurance

Qualified Retirement Plans

Review existing plans.

Design of plans to improve the allocation of benefits for owners and key employees while providing the benefits desired for all employees, including:

  • Pension and Profit Sharing Plans
  • 401(k), SEP and IRA

Voluntary Benefits

Provide benefits such as long-term care insurance and 529 education funding programs on a salary deduction basis at no cost to the employer.

At Baystate Financial, we will review your existing programs and recommend appropriate revisions.  Frequently, we will provide enhanced benefits that can potentially save you money at the same time.

Our group insurance operation establishes new plans, oversees enrollment of existing and newly-hired employees, and helps keep your benefits current and cost efficient.  Group benefits include:

  • Life insurance, long-term care insurance, short-term and long-term disability income insurance
  • Health insurance, dental and eye care coverage

We can help you evaluate the benefits of self-insuring portions of the coverage based on your company's health experience.  We can also show you how your employees can set aside pre-tax dollars to cover benefits that you do not provide or to cover deductibles and co-payments.

Our retirement planning operations keep you informed of the changes in contribution amounts and distribution periods.

We also help you and your employees allocate the investments within the plan.  This service includes periodic employee meetings.  We design, enroll, and administer the following programs:

  • 401(k) plans
  • Profit sharing and money purchase plans
  • Defined benefit plans
  • SEPs and SIMPLEs
  • IRAs