NG Employee Benefits Savings and Insurance (NGEB)
Employee Benefits & Savings Programs
NGEB’s programs provide a safer approach to key staff benefits and savings plans while assisting in the recruitment and retention efforts of hospitals and organizations. NGEB’s programs provide a basis for:
- Primary Benefit Programs – When an organization seeks to initially offer a staff member benefit, NGEB’s plans can be used as a primary benefit program. Because programs are non ERISA benefit plans, ERISA testing costs and compliance requirements are avoided. Also, because NGEB’s plans are non ERISA, our plans can be offered to all staff members or selectively.
- Optional Benefit Programs – Where an organization has an established 401(k) or other benefit program, NGEB’s plans can be used as an optional program for employees who may not currently participate in the company 401(k) / other benefit program or those who are restricted in their participation such as highly compensated individuals. By offering tax-advantaged savings plans that guarantee a minimum base or floor of 0%, NGEB’s plans provide an option for staff members who would like to save for the future within a program that offers upside market potential without the risk of traditional stock market-based plans.
- Supplemental Benefit Programs – When an organization has key executives, professionals and other highly skilled employees that they would like to offer an additional benefit to, NGEB’s plans can be used as a supplemental benefit program. For example, as a non ERISA benefit program, NGEB’s plans may be used in conjunction with or used to supplement “maxed-out” qualified plans.