Pacific Resources VP recognized for innovative approaches
to the employee benefits industry
CHICAGO, IL DECEMBER 4, 2012 - Jason Steed, Vice President of Voluntary Benefits & Technology at Pacific Resources, has been named a 2012 Voluntary Benefits Leadership Award recipient by the Voluntary Benefits Association (VBA).
Each year, the VBA's Voluntary Benefits Leadership Awards recognize a select group of individuals whose achievements have enhanced and brought innovation to the Voluntary Benefits industry. This year's winners have provided an exemplary program or innovation consistent with the vision of the VBA's goals: to advance voluntary benefits, initiative improvement and education by engaging plan members, and promote proven strategies.
Steed’s expertise and passion for designing new approaches to voluntary benefits programs have helped the industry eliminate historical impediments such as complex enrollment procedures, administrative burdens and unnecessary costs.
In his role at Pacific Resources, Steed leads initiatives to elevate the Voluntary Benefits marketplace through new web-based technology platforms and the migration to true, customizable group policies that provide greater transparency and flexibility. Steed’s efforts have increased the visibility, importance and value of Voluntary Benefits programs for large employers, particularly those with over 10,000 employees, and helped empower employees to make more informed employee benefit decisions based on their personal preferences and circumstances.
“Voluntary Benefits is an increasingly important area for large companies that want to provide benefit choices for their employees, especially with the impact of health care reform on their medical benefit plans,” said Paul Rogers, President and Chief Operating Officer for Pacific Resources. “Many employers are beginning to migrate towards a defined contribution approach, designating a fixed amount of money to each employee for them to purchase insurance specific to their individual needs, which requires the employer to take a much more detailed look at all of their benefit programs. This award underscores how much Jason has been doing in the Voluntary Benefits area to help our clients look at these additional benefits, and their underlying technology platforms, much more strategically to help position employers for the future.”
About Pacific Resources
Pacific Resources is a leading and independent employee benefits advisory firm servicing large, predominantly Fortune-ranked companies. Headquartered in Chicago with locations throughout the country, Pacific Resources partners with clients across industries to evaluate and improve their Life, Disability, Voluntary and other non-medical benefits and the technology platforms that support them. For over three decades, Pacific Resources’ unique, evidence-based insights have shaped innovative employee benefit solutions, impacting the lives of millions of employees in rewarding and binding ways. For more information, visit www.pacresbenefits.com.