What are advantages of Benchmarking Benefits plans during a M&A Acquisition in the middle market


Benchmarking benefits plans during a M&A acquisition in the middle market can provide several advantages, including:

  1. Identify cost savings opportunities: By comparing benefits plans with industry benchmarks, it is possible to identify cost savings opportunities that can help optimize benefit plans and reduce overall costs.
  2. Ensure competitive benefits: Benchmarking can help ensure that the benefits being offered to employees are competitive and attractive, which can help retain talent and increase employee satisfaction.
  3. Facilitate integration: By benchmarking the benefits plans of both companies, it is possible to identify areas of alignment and opportunities for integration, which can help streamline the process and reduce redundancies.
  4. Mitigate risk: Benchmarking can help identify potential compliance issues, legal risks, or other areas of concern related to benefits plans, which can be addressed proactively to mitigate risk.
  5. Establish clear communication: Benchmarking can help establish clear communication between the companies involved in the M&A acquisition, which can help build trust and facilitate a smooth transition.

Updated: Feb 14, 2023

About the author
Adam Brier of CBIZ is a member of XPX Long Island

Health Insurance cost evaluation - strategies to drive top line revenue and increase margins