Norvin Case Study

“It’s a win-win situation for employers and employees”

Scenario:

Norvin Properties was working with one of the nation’s largest PEOs for 3 years and was disappointed with the poor service they were receiving. They had a hard time getting anyone to respond to their calls and couldn’t find easy online answers to their basic questions.

Norvin’s CFO, Colleen Dougherty, reached out to PEO Spectrum to find a PEO that offered comparable benefits at a lower cost and with better service.

Solution:

PEO Spectrum analyzed their current health plan and HR costs and identified 4 national PEO competitors that came in at lower costs and would provide the quality service Norvin wanted from their PEO. All of the plans offered similar benefits to what their current health plan provided.

The option Norvin selected meant switching health providers from Oxford to Aetna. The plans were nearly identical, but they were worried about in-network providers for their employees. PEO Spectrum had them send in a list of their employee’s doctors and checked that they were all in-network with Aetna. This helped make the transition easier for their employees, as not one employee would need to change doctors. Norvin’s switch to the new PEO saved them $50,000 per year.

Result:

PEO Spectrum did all the legwork to find competitive plans that would save Norvin money without giving up benefits. Norvin was impressed with how quick and easy the process was for them. They were able to use the $50,000 annual savings to hire another person—which for this small company meant more quality time employees could spend with their families. This was a win-win situation for everyone.

I Norvin

Website: norvin.com

Type of Firm: Real estate investment management

Location: New York, NY

Employee size: 6-10

Years in business: 17 years

Service: PEO cost comparison