Employee Benefits Benchmarking

Are you a Midwest employer? Do you want to know how your benefits match up to other employers in the same geographic area, industry, and size at no cost?
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Our annual employee benefits survey provides valuable benchmarking data that will help you make appropriate changes to your plans without compromising your ability to attract and retain your most valuable asset, your employees. Some of the information gathered in the survey asks questions such as:
  • What type of benefits do you offer your employees?
  • What is your deductible, coinsurance, copays, etc.?
  • What is your contribution strategy?
  • What ancillary lines of coverage do you offer?
  • What is your time off and leave of absence policy?
  • What are you doing to combat the increasing costs of your benefit plans?
  • What are you doing in the area of wellness and disease management programs?

Why participate?

  • Quick and easy to complete online
  • Comprehensive, customized benchmarking of your specific benefit plans
  • Thorough interpretation to help you make better informed decisions
  • Individual Custom Report free of charge

Frequently asked questions

What information will I receive by participating in the survey?
Plan design statistics on:
  • Deductibles
  • Office visit copayments
  • Medical plan cost increases
  • Monthly premiums (single/family)
  • Monthly employee contributions (single/family)
  • Wellness
  • Other Benefits offered
Will I have access to additional benchmarking?
Yes. The survey contains hundreds of data elements. Additional information is available and may be requested based on your specific needs.
Will my information remain private?
Yes. We take your privacy very seriously and take every precaution to ensure your trust is not violated. Your information is confidential, and we do not share your specific results with anyone but you. All information is aggregated and de-identified when shared publicly. Additionally, all information sent is secured through password protection and firewall security.
Is the survey easy to complete?
YES! We hired one of the nation’s most highly respected actuarial consulting firms to produce a survey that is quick and easy to navigate. You can complete the survey online in an average of about 15 to 30 minutes as a returning user, and 45-60 minutes as a new user starting from scratch.

Before you begin, you will need the following information available:
  • Plan designs (typically found in your Summary Plan Descriptions)
  • Total monthly premiums (budgeted rates), monthly employee contributions (dollar amounts) and enrollment
  • Time off, wellness, disease management, voluntary benefits, leaves of absence, and other miscellaneous and innovative benefits you offer

While it is not necessary to complete the entire survey in one session, we do encourage you to fill out as much of the survey as possible. If you choose to fill out your information in increments, click SAVE & FINISH LATER to ensure your responses are saved. At any time, you may return to add additional information and/or make updates as necessary.
How can I participate ?
Follow this link to participate:  https://bcfo.co1.qualtrics.com/jfe/form/SV_3LhFkTjaTDqdJ3v?b=LMC
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​​Note email addresses are necessary in order for respondents to save and view responses at a later time. We do not use email addresses for any other purpose, and you will not be contacted by the system.