/"optimize"/

Verb

: to make as perfect, effective, or functional as possible

: to rearrange or rewrite (data, software, etc.) to improve the efficiency of retrieval or processing

Optimizing employee benefits costs and service means creating a benefits package that is attractive to employees while managing costs for the employer. This involves analyzing employee needs, evaluating cost options, and enhancing the benefits experience.

The NetWellth Consulting approach is ideal for Employers with 100-5,000 Employees who want to reduce health insurance and retirement plan costs, increase participation, and enhance the employee experience.

We don't earn commissions from product sales; instead, we align our compensation with our Clients' objectives. We only grow when our clients do, through cost savings and improved employee satisfaction and participation.

To work with NetWellth, clients must have recoverable inefficiencies in their current 401(K) and health insurance plans. Our motivation comes from optimizing product costs and improving service, which benefits both parties.

We are committed to advancing employee wealth and wellness, resulting in lower costs, on-site training, and online tools for employees to track and improve their personal wealth and lifestyle wellness. The outcome is the best-priced products, better value, and increased participation rates.

You'll keep your existing medical network. Yet, we'll use your group's size to statistically project your medical claims costs and determine whether Healthcare Savings Strategies - Series I, II, or III is the most appropriate for you. Each of the Series is a progressive step in managing the controllables of the healthcare supply chain. Since our compensation is a function of Cost Savings, Participation, and Employee Satisfaction; we operate with the aligned objectives of enhancing the employee engagement, with healthcare, and maximizing cost savings.

Employees are empowered with complete transparency in cost vs. quality of care, and benefit from a partial refund of the unused premiums collected, at the completion of each fiscal year. Quarterly On-Site WellthTrainingSM and the WellthBoardSM gives participants the guidance and automated solutions to track and improve their personal wealth and lifestyle wellness.

401(k) is proven to be the most highly-effective, tax-qualified, long-term savings tool in America.

Yet, pre-packaged 401(k) plans tend to have layers of fees that are not easy to identify, or in some cases, required to be disclosed as Standard Pricing. These fees are not one-time, rather recurring AND charged as a percentage of assets in the plan. Thats right, you pay more as your account grows. Over time, these fees add up to exorbitant amounts, eroding your account accumulation, year after year. Such fees take the form of back-end revenue sharing and/or embedded overrides, both causing recurring charges that stack against your investment returns and add ongoing resistance to your accounts growth. Could you have done better in a low cost index fund? In many cases, yes.

How about the service? 401(k) plans are typically serviced by commissioned-based financial advisors. Most of these advisors make a living selling expensive financial products to people who have the money, to buy them; typically a small percentage of most employer groups. This is the root of declining service value for employees.

Product sales commissions lead to inefficiently priced products. Why? Because they pay the most.

1. The NetWellth^SM collects your 408(b)(2) Fee Disclosure, and provides you with a market pricing analysis, transparent of all front end, operating, and back-end fees.
2. The NetWellth^SMrecommends a provider based on the best overall price/value for your groups census/plan demographics. Since our compensation comes from a truly unbiased place, we offer our Best Price Guarantee on the 401(k) platform we recommend, and include our our criteria and methodology for the recommendation. You won’t find a better priced/valued plan for your group. Our guarantee is written on a per consult/recommendation basis, and entitles the client to a 20% below competitor price, or assistance in moving the plan.
3. Participants have a technology based daily recordkeeping app/portal, and Tier 1 investments available at an OPTIMIZED price. Their investment line-up will include Target Date Funds, Mutual Funds, Index Funds, and Managed Services; with ongoing performance monitoring with a qualified 3(38) plan fiduciary. The 401(k) plan will be have NO embedded overrides or revenue sharing agreements, and we will receive no commission or alternative compensation for recommending it.

We’re financially motivated to bring you the best priced/valued products available in the market, by participating in the value being created. We Guarantee our due diligence process. You won’t find a better priced plan for your group!

A highly personable, engaging, and knowlegable individual, who is passionate about helping others. Registered WellthCoaches^SM have been trained and certified in financial education and employee wellness programs. Half of a WellthCoaches^SM compensation is determined by their participation levels, and live Participant Satisfaction Score (PSS). We're an objective-first organization, and these 2 factors lets us know how well the WellthCoach^SM is communicating, and how well he/she is being received. Underperforming WellthCoaches^SM are replaced by performing coaches, further ensuring the ongoing value of our service.

Your designated Wellth Coach^SM will guide your employees every step of the way, as Quarterly Participant WellthTraining^SM will replace traditional enroll and renew service. We use awareness-based education to unveil undesired behavioral patterns and provide an automated platform to produce track-able desired outcomes.

WellthBoard^SM connects all of your financial accounts into a single dashboard. Customize settings and run reports designed to help you setup your emergency fund, get past consumer debt, stick to your budget, better understand investing, increase credit score, and improve short, mid, AND long term savings.

We’re working on an exciting Lifestyle Wellness platform that will integrate with the WellthBoard^SM, and will keep you posted on our social media platforms/groups.