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QBS 25
M&A, 1) Minimize plan costs
reduce admin (merge plans and…
QBS 25
M&A
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Strategy
1) Collect information :red_flag:
2) Consider transaction type
3) Review
- Plan provider capabilities
- plan compliance
- existing and/or future plan prov
- changes to controled group (NDT impact)
- service agreement
4) Analyse, decide, implement, communicate solution
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Communication to EEs
- Develop in advance - explain to EEs
1) reason for change
2) changes
3) benefit of plan
- Considerations
1) custom tailor to different groups
2) determine best approach
*home, work, bth
*in-person group meeitng or webcats
*engage managers advocates
3) avoid peak times and holidays
1) Minimize plan costs
- reduce admin (merge plans and don't alter benefit)
- terminate plan
2) minimize plan distribution