Wealth that becomes legacy

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Corporate / Tax Estate planning

employee benefits

private wealth management

Services Offered to Clients

  1. Corporate Structure Planning: Optimize tax efficiency and plan for future succession.

  2. Life Insurance Review: Audit existing contracts and assess the value of insurance for business owners.

  3. Tax Assessment: Evaluate the final tax bill for individual owners.

  4. Life Insurance Education: Teach how life insurance can be an asset rather than a bill.

  5. Group Benefits Audit: Ensure clients are not overpaying for unused programs and provide cost estimates based on employee volume.

  6. Wealth Management: Access to private wealth councils.

Employee Benefits Division

Bayside Associates’ Employee Benefits division provides a thorough audit of existing plans using a unique Proprietary Algorithm. This algorithm reviews Renewal Reports and assesses group plans to determine if they are overpriced or offer competitive rates. The process is efficient and thorough, offering a second opinion on current plans and exploring options for improved coverage and pricing.

Key Services:

  • Plan Audits: Evaluate existing plans to ensure they are cost-effective and competitive.

  • Policy Management: Regular check-ins at 3-, 6-, and 12-month intervals to manage benefit plans.

  • Administrative Support: Handle day-to-day tasks such as enrollments and terminations.

  • Employee Coaching: Educate employees on new benefits.

  • Additional Services: Offer life insurance to support employees’ financial needs.

Employee Benefits Process

  • Evidence-Based Pricing: Use a proprietary algorithm to ensure fair pricing.

  • Market Access: As an independent broker, Bayside has access to a wide range of insurance carriers and can secure the best pricing through block deals.

  • Recommendations: Provide tailored recommendations on rates, carrier choice, and plan design for long-term stability.

  • Claims Reviews: Conduct quarterly reviews to monitor group performance and adjust plans as needed to avoid surprises at renewal.