Financial services / lending
National mortgage lender
The short answer
A 500+ employee national mortgage lender was overpaying on benefits and absorbing rising premiums with no visibility into savings. ONYX shopped the top national PEOs, redesigned plan options, and managed a zero-disruption transition of 100+ employees, recovering $577,000 in annual savings plus up to $175,000 more from employee buy-down plans.
$577K
Annual savings recovered
+$175K
Additional savings from buy-down plan design
100+
Employees transitioned with zero disruption
Multi-state
Compliance audited and stabilized
The challenge
- Escalating insurance premiums with no benchmark
- Rigid benefits plan design and no flexibility for employees
- Zero transparency into savings per employee group
- Multi-state HR compliance burden across operating states
- Legacy software that didn't scale with headcount
What ONYX did
- Ran a side-by-side audit of the top national PEOs for best fit
- Designed flexible plans with employee buy-down options
- Integrated the iSolved HR platform for payroll, onboarding, and time tracking
- Completed state-by-state compliance audits and risk mitigation
- Built a custom cost-savings breakdown by employee group
- Managed the full transition end to end with no coverage gap
Want results like these?
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