We guide clients to clarity through the complex decisions, negotiations and other business challenges associated with sourcing HR and employee benefit program administration.
Clients engage our services when they need to:
Establish a business case for a sourcing solution, whether insourcing, outsourcing or cosourcing
Launch and manage a request for proposal (RFP) or request for quote (RFQ) process
Benchmark administration fees, contract terms and/or performance standards
Negotiate a renewal with an existing provider
Negotiate contract terms with a new benefits administration provider
Establish a new or reinvigorate an existing governance structure
Identify areas for improvement in your current sourcing relationship via a service review
Support in-house staff in managing implementation of a new sourcing solution
Find the private exchange that meets your needs through our exchange marketplace consulting services
herronpalmer's advice is informed by real-world data and experience. We collect, analyze and publish data on virtually every aspect of the benefits administration business—a business where we've been driving successful outcomes for decades. Based on our experience with many of the world's largest employers, a wide range of services and all of the leading providers, we've developed trusted approaches that enable plan sponsors to avert or overcome difficulties and achieve successful results.
At the same time, herronpalmer does not believe in cookie cutter solutions. Through open and honest collaboration with clients, providers and other colleagues, we discover what is unique in each situation. Then we offer thoughtful, creative guidance that respects those unique needs.
Get in touch to learn more about how we can point you in the right direction.