Written by Marc Ashner, Vice President | 4 minute read

In the nonprofit sector, every dollar is crucial. Finding the right partner to manage employee benefits can make a significant difference to a nonprofits bottom line. While employee benefits are key to attracting and retaining talent, their costs can quickly add up, leaving limited room for reinvestment into the mission of an organization. This is where a consultant specializing in employee benefits for nonprofits becomes an invaluable asset.

BSI operates as a for-profit company with a nonprofit heart. Helping nonprofits is a passion of both BSI’s founder, Tony DaRe and myself. Being in the business for over 20 years and managing my own benefits firm at one time, I learned how to create employee benefit solutions that not only met employee needs but also delivered substantial cost savings.

The Importance of Employee Benefits in the Nonprofit Sector
Nonprofits face unique challenges in managing employee benefits. Unlike for-profit companies, nonprofits must be strategic with their limited budgets and resources. While benefits are essential for attracting and retaining talent, they can be costly and complex to manage, especially for smaller organizations without the administrative capacity to handle enrollment, compliance, and reporting.

Knowing employees rely on benefits like health insurance and retirement plans, which are becoming more critical as healthcare costs rise, it’s important for nonprofits to offer a robust benefits package that can help bridge that gap.

A Consultant That Understands the Mission
BSI is not just another benefits consultant. We currently represent over 30 nonprofits. By understanding that the mission of a nonprofit organization is its core driver, we take the time to truly understand the needs and challenges of each client, tailoring recommendations based on the needs of both the organization and employees.

“BSI is always looking for the best options for us. As a non-profit we pride ourselves in offering our employees the best possible health and wellness plans. BSI is key in helping us to accomplish this goal.”
– Susan Leyburn, LifePath

One of the most rewarding aspects of working at BSI is the compassionate, mission-driven mindset that defines the entire team. We understand the challenges nonprofits face, year after year. Many nonprofits rely on grants, donations, and state funding to support their budgets. This reality shapes the approach we take in delivering employee benefits that balance cost-efficiency with comprehensive care. It is fulfilling to work for a company that values long-term partnerships and genuinely wants to see all of our clients thrive.

Cost-Effective Solutions Without Compromising Quality
At BSI, the focus is on delivering cost-effective benefits without sacrificing quality. The team works diligently to find ways to reduce overall benefit costs, from strategic plan design to leveraging established partnerships with insurance providers. For instance, BSI conducted an Rx reprice for a nonprofit client, presenting multiple alternatives and negotiating with a national carrier to secure higher rebates. As a result, they reduced the projected Rx costs by 15% over three years, saving $860k, without changing programs and by making only a minor formulary adjustment. This approach ensures nonprofits can allocate more resources toward their core mission, making a greater impact on their communities. More financial flexibility translates into greater opportunities to fund programs, expand services, and drive positive change.

A True Partnership for Nonprofits
Partnering with BSI means gaining a dedicated team committed to your mission and success. With a strong focus on maximizing financial sustainability, we implement benefits solutions that deliver the most value for every dollar spent. From navigating the complexities of employee benefits to ensuring that employee needs are met, BSI manages benefits for over 18,000 nonprofit members, many employers who have partnered with BSI for more than a decade. Working with a consultant who understands the intricacies of nonprofit operations can make a meaningful difference to an organization’s bottom line and its impact on the community.

By joining forces with BSI, nonprofits can not only enhance their financial stability but also amplify their community impact, fostering a brighter future for those they serve.

At BSI, we take pride in our expertise in implementing cost-control strategies that deliver exceptional results. Recently recognized by MarshBerry as a top-ranked independent employee benefits firm, coupled with a Net Promoter Score of 90.1, we are proud of the trust and satisfaction our clients have in our services. Our unwavering commitment to excellence, combined with exceptional client feedback, drives us to continually raise the bar for others to follow.