From major employee benefits trends to the current increases in client demand, Kevin O’Connor, managing principal of OneDigital Needham, speaks with Boston Business Journal (BBJ) to discuss the steady growth in the industry and how OneDigital has evolved to keep pace.
His feature titled, “Q&A: OneDigital on Growth of Employee Benefits Programs” details the recent spike in voluntary benefits as well as financial-wellness programs and “unusual” benefits, a result of high healthcare costs and differing needs of the modern workforce. Focusing on data and analytics to determine where groups can alleviate administrative burdens and apply a holistic approach to clients, OneDigital’s been able to differentiate themselves in the broker “sea of sameness,” jumping to No. 8 from No. 13 on the BBJ’s List of Largest Employee Benefits Firms in Massachusetts, as mentioned in the feature.
In the world of employee benefits, compliance has always been a hot topic. With the uncertainty of the Affordable Care Act and various legislation on Capitol Hill, demand for compliance assessments has grown in importance. Compliance assessments that are uniquely tailored to a company’s size, business type, plan offering and funding arrangement are paramount in efforts to achieve and maintain compliance.
— Kevin O’Connor, Managing Principal, OneDigital Needham