The ability to instantaneously compare proposed benefits programs with others in the market may help companies manage costs. It may also help come up with a benefits plan that can attract and retain top talent, Towers said in its press release.
Benefits Online also features:
- custom analyses of the prevalence of benefit plans and provisions among participants in the database, and
- plan summaries, which provide detailed descriptions of each participant’s benefit plans
Benefits Online allows HR professionals to compare retirement and savings plans, benefits plans, and employee assistance programs, Towers said.