What does BMGI mean in MANAGEMENT
BMGI stands for Benefit Management Group Inc. BMGI is a privately held benefits advisory and consulting firm that specializes in helping employers design, implement, and manage employee benefit programs. It was founded in 1989 by Michael S. Everett Jr., EdD and has since grown into one of the most respected employee benefit firms in the United States. With offices located in Nashville, Tennessee; Houston, Texas; Phoenix, Arizona; Atlanta, Georgia; and Chicago, Illinois; BMGI provides employers with comprehensive solutions for their complex employee benefit challenges.
BMGI meaning in Management in Business
BMGI mostly used in an acronym Management in Category Business that means Benefit Management Group Inc
Shorthand: BMGI,
Full Form: Benefit Management Group Inc
For more information of "Benefit Management Group Inc", see the section below.
» Business » Management
What Does BMGI Offer? BMGI works with employers to create customized plans tailored to their business’s unique needs and objectives. Their services include but are not limited to
plan design consulting; assistance with selecting carriers and third-party administrators (TPAs); strategic human resource consulting; investment advice for employer-sponsored retirement plans; total compensation review/planning; employee communications strategies; health care reform compliance consulting; wellness program design/implementation/support advice; mergers & acquisitions support services; legal guidance on ERISA issues & compliance issues related to benefit plans such as ACA & COBRA; claim audit & cost containment strategies for group health plans; financial analysis & simulation modeling of retirement plan options & costs.
Essential Questions and Answers on Benefit Management Group Inc in "BUSINESS»MANAGEMENT"
What services does Benefit Management Group Inc. provide?
We offer a wide range of benefits administration solutions for employers and employees, including health plan administration, payroll services, retirement planning, employee communications and legal support.
How does digital technology simplify the administration of benefit plans?
Digital technology allows employers to streamline benefit plan administration tasks, such as eligibility tracking, claims processing and enrollment management. Additionally, digital technology offers employers improved accuracy in data processing, more efficient filing of forms and documents with government regulatory agencies, greater cost savings on manual processes and faster reporting times for benefit enrollments and changes.
Does Benefit Management Group Inc. offer any additional services?
Yes! We also provide human resources consulting services to help ensure that you are compliant with changing laws and regulations. We can help you create a customized benefits package that meets the needs of your business and employees. Our experienced team is here to provide assistance with any questions you may have about your benefits program or regulatory compliance matters.
What type of analysis does Benefit Management Group Inc. provide?
Our professionals utilize sophisticated software tools to analyze and compare employee contributions as well as potential benefits packages to determine which ones will be beneficial for both employer and employee alike. Additionally we can also analyze the impact that various source deductions have on an employer’s payroll costs.
How secure is my personal information when I use Benefit Management Group Inc.?
Your data security is our top priority at BMG. All transactions are protected by state-of-the-art encryption technology along with other industry best practices to ensure your personal information is kept safe from unauthorized access or theft.
Does BMG offer group insurance plans?
Yes! We offer a variety of group insurance plans designed to meet the individual requirements of businesses in all industries, regardless of size or scope. These include life insurance policies, disability income protection plans, medical expense reimbursement plans as well as dental care coverage options.
Could BMG help me save money on my employee benefits program?
Absolutely! By taking advantage of our comprehensive suite of online administrative tools you can reduce expenses related to paperwork filing fees by up to 70%. Our team will work closely with you to optimize plan features while still ensuring compliance with applicable laws and regulations.
Does BMG have experience in dealing with global employee programs?
Yes! Our team has extensive knowledge in managing global benefit programs through our expert analysis process using advanced technologies such as international taxation systems guidelines along with global currency exchange rates so you get the most out of your international employee investments.