BENEFITS CONSULTING CAPABILITIES + SERVICES
NOT YOUR AVERAGE
CONSULTING FIRM.
The MJ Companies is a business and financial services consulting firm that since 1964, has grown from a two-person startup to a firm with more than 200 employees. With offices in Arizona, Colorado, and Indiana, we serve a diverse client base that includes local, regional, and national companies, and we work closely with the world’s top insurance carriers. We proudly represent clients in 54 countries and in every U.S. state.
PUSHING YOU TO BE YOUR BEST
At MJ, we’re always looking for new ways to inspire success, fulfillment, and wellbeing for every person we work with, from our associates and their families to our business partners, clients, and the community. We’re committed to your future and success, and we continue to push the boundaries of what’s possible, just as we did when we first began.
As a family-owned company founded over 59 years ago, MJ takes great pride in our commitment to building strong relationships with our clients, and our relentless pursuit of looking for new and innovative solutions to meet our client’s needs. We strive to learn about every aspect of our client’s business and use that information to design and develop customized programs to fit their needs. 1964
WE CREATE OPPORTUNITIES FOR OUR EMPLOYEES—AND BRIGHTER FUTURES FOR OUR CLIENTS
We recognize the importance of strong leaders, which is why we emphasize that each one of our associates—no matter their level of experience or time with the company—should be a leader in their given area. Our company is full of resourceful, motivated people who collaborate as leaders on common ground, all playing different but equally important positions on the team.
By having a culture focused on continually sharing, learning, and educating, we constantly get better at what we do. It’s a critical aspect of our business given the changing landscape of the modern insurance world—because the knowledge we gain is passed on to our clients, helping them manage risk, improve efficiency, and be more successful.
2006
Named one of the “Top 100 Privately Held Independent Agencies in the U.S.” by Insurance Journal.
2016
Established Farm to Fork practice.
2008
Named a Best Place to Work in Indiana.
2019
Launched APERTURE®—MJ’s analytics platform.
2020
Established the MJ Foundation.
Named one of the Healthiest Workplaces in America.
2021
Acquired ProCourse Fiduciary Advisors.
2022
Opened Colorado office.
Established the MJ Risk Management & Insurance Scholarship.
2024
Transitioned to The MJ Companies.
Established Retirement and Compensation + Total Rewards Consulting practices.
The culture of The MJ Companies can be best described by our core values, which help empower our associates to be their very best in both their personal and professional lives.
PASSIONATE
We are driven by passion. It gives our work purpose and gives new meaning to what we do. And working with passion is more than a mindset—it’s a transformative experience that makes us proud of what we accomplish.
INSPIRING
Leadership takes passion and commitment. But it also requires you to place the interests of others ahead of your own, while acting as a positive influence to those around you. We believe that everyone is a valuable part of our team—and that everyone can be an inspiring leader.
CURIOUS
Learning is a lifelong process, spurred by a healthy curiosity of the world around us. By asking questions, seeking answers, and applying what we learn, we push ourselves further down the path of personal growth and development.
DETERMINED
Achievement begins with a determination to see results. It is a mindset that combines perseverance and passion into a single vision of what can be achieved by pressing patientlyforward—one step after the next.
INNOVATIVE
Innovation starts with future-focused insight, and evolves through the application of a creative vision. Every member of our team is capable of imagining better ways to work, collaborate, and advance our goals. Innovative thinking is the first step toward making the world a better place.
FUN
Fun, humor, and joy are part of who you are, and they should be a part of your work. When we don’t take ourselves too seriously, the world is a brighter, better place. We remember that happiness is not a destination—it’s a journey.
A
NATIONALLY RECOGNIZED
FIRM.
+ 2024 Business Insurance Top 100 Brokers of US Business
+ 2024 Insurance Journal Top 100 Privately Held Property and Casualty Agency
+ 2024 Best Practices Agency
+ 2023 Business Insurance Top 100 Brokers of US Business
+ 2023 Insurance Journal Top 100 Privately Held Property and Casualty Agency
+ 2023 Best Practices Agency
+ 2023 Phoenix Business Journal – Healthiest Employer
+ 2022 Best Practices Agency
+ 2021 Healthiest 100 Workplaces in America
DRIVEN BY PROCESS.
MJ works very closely with our clients to help successfully leverage their insurance and human capital spend. Our approach and value is having the ability to align your business initiatives and objectives with your employee benefit and workplace culture strategies. This is our value proposition.
Your MJ team will have conversations that push the curve on new and innovative solutions that may or may not align with your business. Our job is to present all of the available options (technology, plans, vendors, financial models, administration, etc.) to you, and together we will decide the best fit for the organization. We see our job as constantly pushing the “status quo” and continuing to evolve and improve the employee benefit program to ultimately drive business progression. The “creative” component to our consultative work with you will be developed through conversations together.
The 6-step cycle shown below is an overview of our consultative approach, driven by process innovation.
MEASURE monitor and track results
IMPLEMENT and execute strategy
DISCOVER and understand your goals, initiatives, and objectives
DEVELOP and validate strategy
EVALUATE impact on employee benefits or risk management program
ANALYZE current program
A CLEAR WINDOW INTO THE FUTURE.
Today, the question isn’t whether you have data that can show you where you’ve been and what might be ahead. The question is, how do you bring that data into focus to help you make forward-thinking decisions about risk management and employee benefits?
The answer is APERTURE®: MJ’s proprietary analytics tool that combines multiple data sources to provide actionable intelligence—data that becomes knowledge you can use to make timely decisions to help protect your business, your employees, and your future. It’s a true breakthrough in analytics—and it’s available only from MJ.
ANALYTICS MADE EASY (AND SMART)
Raw data can be confusing and overwhelming. There’s a lot of it, and it comes from multiple sources that can make it difficult to correlate and interpret. That’s where APERTURE shines. APERTURE helps MJ create datadriven strategies especially for you—and presents them in a way that’s incredibly easy to understand and apply. With APERTURE, the numbers come alive and tell a story about your business, giving you the best perspective to spot future trends and ultimately help you decrease costs.
Let us focus on the data, so you can focus on your business.
IDENTIFY PREDICT DEVELOP IMPLEMENT MEASURE
Look at historical, current and future trends; benchmark on national, regional and local level; identify cost drivers and potential impact
Predict and forecast future trends; model cost-saving solutions
Create customized reports & develop data-driven recommendations based upon your unique business needs
Work with your MJ consultant to implement targeted solutions
Measure & evaluate impact with APERTURE’s real-time analytics
A HEALTHIER, HAPPIER LIFE AND A BETTER ORGANIZATION WELCOME
TO MJ BENEFITS+.
MJ Benefits+ goes beyond traditional benefits consulting to develop dynamic solutions that unlock employee’s potential to drive organizational success and harness the power of customized benefits to make work a fulfilling and rewarding part of life.
EMPOWERING YOUR WORKFORCE DATA DRIVEN SOLUTIONS AND CUSTOMIZED BENEFITS
Unlike ordinary company benefit plans that treat everyone the same, our holistic approach considers compensation, benefits, retirement, and cultural data to develop strategies that work for each employee. By using data to our advantage, MJ Benefits+ will help you manage spend efficiently and effectively so you can get the most out of your investment in your people—and your people will get the most out of their benefits.
What truly sets us apart is our ability to have a view of the whole picture—and how one decision might affect another area of the company—so we can make your decisions even smarter.
OUR SOLUTIONS
OUR VALUE PROPOSITION RESOURCES.
MJ works closely with you to make sure your employee benefits strategy is aligned with your business goals. Understanding your core goals and initiatives allows us to better evaluate, analyze, plan, and manage your employee benefits programs in a way that will help you achieve your goals, deal with change, and protect the good health of employees.
ANALYTICS
+ Adhoc Reporting
+ Benchmarking Reports
+ Budget/Trend Forecast
+ Claims Analysis
+ Contribution Analysis
+ Health Risk Predictive Modeling
+ M&A Analysis
+ Onsite Clinic Feasibility & ROI Analysis
+ Plan Design Modeling
+ Rx Analysis
+ Stop Loss Modeling
+ Network Discount Analysis
+ Population Health
+ Self-Funded vs. Fully Insured Feasibility Analysis
POP HEALTH + WELLNESS
+ Multi-Year Wellness Strategy
+ Criteria Based Wellness Initiatives
+ Wellness Credit Calculator
+ Onsite Clinic RFP
+ Discovery Meeting
+ Social Determinants of Health (SDoH) Analysis
COMMUNICATIONS + ENGAGEMENT
+ Annual Communications Strategy
+ Employee Focus Groups and Surveys
+ Communications Technology Support and Implementation
+ Benefit Education Collateral
+ Open Enrollment Communications
+ Benefit Guides & Statements
+ Annual Compensation Campaign
+ Ben Admin RFP/Analysis, Implementation, & Updates
+ Plan Comparison Tool
+ Support for Wellness Communications and Events
+ Wellness Program Branding
+ Quarterly Wellness Campaign
COMPLIANCE
+ Compliance Dashboard
+ Quarterly Compliance Update Summary
+ ACA Impact Analysis
+ Employee Notifications Summary
+ 5500 Reporting
+ ACA Toolkit
+ ACA Fee Calculations
+ FAS 106 Reporting
ADVOCACY
+ SPD Review
+ Reinsurance Renewal
+ Ancillary Renewal
+ Fully Insured Renewal
+ Worksite Renewal
+ Reinsurance Marketing
+ Fully Insured Marketing
+ Worksite Marketing
+ Ancillary Marketing
+ TPA Analysis
+ Executive Summary
+ 3-Year Plan
PHARMACY
+ Client Profile Assessment
+ Custom Repricing Modelling
+ PBM RFP
+ PBM Oversight and Optimization
+ Rx Program Quality Assurance
+ Compliance Review
+ Patient/Foundational Assistance Programs
+ Exclusion language & tiered copay structure
+ Rebate strategy/structure
+ Importation programs
+ J Code plan structure
+ Dual Formulary and Biosimilar Strategy
+ Clinical edits & recommendations
+ Fraud, waste, and abuse management
+ Formulary design/consulting
+ Multi-year Pharmacy Strategy
MAKING THE DATA WORK FOR YOU.
APERTURE—WHERE YOUR STORY BECOMES YOUR STRATEGY
Your data tells the story of your business, and we believe that story should guide your decisions. That’s why we developed APERTURE, our proprietary analytics tool that combines data from multiple sources to provide actionable intelligence through intuitive dashboards. With APERTURE, we help you convert data into knowledge so you can make informed decisions that protect your business, your employees, and your future.
INSIGHTFUL ANALYTICS
Your organization doesn’t operate in a solo. By integrating all of your organizational data, we are able to correlate, plan, and strategize ways for you to deploy your spend the right way. With the help of APERTURE, we can provide a holistic look at your benefits, retirement, and compensation data and take the guesswork out of how plan changes can affect the entire organization—so you can get the biggest return for your organization, and your people.
DATA INTEGRATION & WAREHOUSING
We use a proprietary data analytics and warehousing system that helps us analyze your plan and identify cost drivers. Areas of focus will include:
+ Benchmarking Costs, Plan Designs, Employee Cost Share, Etc.
+ By Geography
+ By Industry
+ By Labor Market (Local vs. National)
+ Plan Design Modeling, Including Claims Forecast and Employee Contribution Analysis
+ Future Objectives
+ Identify Trends
+ Cost Drivers
+ Areas of Opportunity (i.e. avoidable costs)
+ Rx Utilization
+ Wellness Benefit Utilization
+ Provider Analysis
+ Top Episodes (Diagnosis)
+ Claims by Relationship
+ Network Range Management
HEALTHY EMPLOYEES =
A HEALTHY BUSINESS.
The cost of poor health is substantial, not only the direct cost of medical care and prescription drugs, but also the expense of lost productivity and absenteeism. That’s why MJ takes a different approach to wellness.
We look beyond traditional wellness programs to create a comprehensive, effective strategy based on analysis of your employee population and health patterns. This data-driven approach is used to design a program intended to increase employee morale, establish a positive organizational culture, and reduce your overall healthcare expenses.
DIVING INTO THE DATA
At MJ, we believe data is the key. Our data-driven Population Health process explores health risks specific to your own employees. We identify trends and provide the insight needed to make informed decisions.
Data also drives the tailored design of your own organization’s strategic plan and helps us establish the key performance indicators, or KPIs, that will be used to evaluate the plan’s effectiveness and results after implementation.
TARGETED STRATEGY WITH PROVEN ROI METRICS
We break down your Population Health strategy into five key steps which allows you to quantify your healthcare spend and measure return on investment (ROI), uncover health habits and trends for your entire medical-eligible population, drive partner accountability to achieve intended results, and allows for continual adjustment based on real-time data.
We provide a comprehensive data analysis to help you fully understand both current and future risks.
Our predictive modeling tool, powered by the Johns Hopkins ACG® System, allows us to:
+ Uncover gaps in care
+ Assess compliance rates
+ Provide individual risk scores
+ Estimate the healthcare cost per member per year (PMPY)
By utilizing APERTURE, we can forecast trends and provide actionable intelligence for you to make informed decisions. This highly targeted approach used for our Population Health program is ultimately intended to reduce future claims and improve the ROI of your wellness investments.
INTEGRATING SOCIAL DETERMINANTS FOR NEXT-LEVEL STRATEGIES
Health outcomes are influenced by more than just individual behaviors and genetics. The conditions in which we are born, grow, live, work, and mature will affect health outcomes as well. Factors such as access to safe and affordable housing, quality education, adequate nutrition, clean water and air, stable employment, and social support networks—collectively known as Social Determinants of Health (SDoH)—can have a significant impact on an individual’s health and wellbeing.
Understanding and addressing SDoH is essential for promoting health equity and ensuring that all individuals have the opportunity to live healthy and fulfilling lives. This not only enhances employee wellbeing but also contributes to a healthier population, reducing the frequency and severity of health-related claims.
Utilizing the power of APERTURE, we can identify and assign Social Need Markers to your population allowing us to better understand both social and clinical risks. Adding these social variables to our ongoing analysis will enhance our view of member needs so we can develop targeted programs and solutions aimed at influencing health outcomes.
+ Safety
+ Social Connection
+ Stress
+ Race/Ethnicity
+ Migration
+ Incarceration
+ Military Deployment
+ Education + Access to Health Services
+ Finances
+ Employment
PHYSICAL ENVIRONMENT
+ Nutrition + Housing
COMMUNICATE WITH AND
ENGAGE EMPLOYEES.
Benefits and insurance jargon can be hard to understand and filled with complex ideas your employees might not be familiar with. Just as MJ puts time and care into consulting your benefits team, we dedicate time to create communication strategies, informative messaging, materials, and educational tools to ensure your employees are knowledgeable and well-informed. We know that when employees are empowered by education, they can make smart decisions and utilize your plan in a more responsible way.
CREATE A STRATEGY
We believe that communication is not only important during open enrollment, but a year-round opportunity to ensure your employees understand, value, and engage with all the benefits they have at their disposal.
Our approach goes beyond the norm—we create a customized strategy, in alignment with your goals, designed to elevate the perceived value of benefits, boost employee engagement, and enhance administrative efficiency.
To ensure a full-focused approach to benefits communication, we offer the following to your team:
+ On-boarding Communication Discovery and Annual Communications Level-Set
+ Focus Groups with key employees and/or Pulse Survey
+ Vetting and presenting technology solutions related to benefits communication
+ Open Enrollment Communication, including:
+ Open Enrollment strategy creation
+ Benefits Guides
+ Open Enrollment Presentations
+ Benefit Highlight Sheets
+ Total Compensation Statements
+ Wellness Communications, including:
+ Quarterly Wellness Communication Campaigns
+ Wellness Event Promotions
+ Wellness Program Branding
EDUCATE EMPLOYEES
All deliverables can be communicated using the following mediums:
+ Posters
+ Postcards
+ Flyers
+ Social Media Posts
+ Infographics
+ Written Content
+ Scripts
+ Email Campaigns
+ Power Point Presentations
+ Voiceover Videos
+ Desk-Drops
Each plan year will end with a final review of the year and the new plan year will begin with a presentation of any acquired metrics that measure the successes (or shortcomings) of our joint strategy. Our continued effort to promote benefits education with your team is intended to give time back to your already busy HR team and ensure associates have all the tools they need to make smart benefits decisions for themselves and their families.
COMPLIANCE COVERED.
Healthcare rules and laws might keep changing, but our dedication to keeping you informed about those changes—and how they might impact your business—won’t. Our goal is simple: to take care of your compliance needs so you can focus on your business.
COMPLIANCE AUDIT
To ensure our clients remain proactive about healthcare compliance, we’ve created a comprehensive audit. This checklist will create accountability for MJ and action for your team for the following areas:
+ ACA
+ COBRA
+ ERISA
+ FMLA
+ Genetic Information Nondiscrimination Act
+ HIPAA
+ Mental Health Parity
+ Employee Notice and Disclosure
+ 5500 Reporting
+ Plan Document and Summary Plan Description Prep (Including wrap documents)
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ALWAYS BY YOUR SIDE.
As your company grows and changes, so must your employee benefits strategy. With a complicated subject like employee benefits, there might be some bumps in the road, but you can always rely on The MJ Companies to be a persistent advocate on your behalf—always striving to create extraordinary, unexpected experiences for those we serve.
CARRIER RELATIONSHIPS
We work with the country’s leading carriers, and we’ve maintained these relationships for many years, giving you access to the most innovative, customized employee benefits plans available. As a market leader, we’re always looking for new and more effective options for our clients’ benefit administration needs. To maximize provider access and cost efficiency in current and future geographic markets, we will do the following:
+ Vendor/ Market Review
+ TPA Evaluation
+ Medical Network Evaluation
+ Pricing Analysis
+ Member Access
+ PBM Evaluation
+ Ancillary Carrier
+ Dental Network Analysis
+ Vision, Life, Disability Evaluation
+ FMLA Outsourcing
+ Worksite Evaluation
+ Plan Document Review
BENEFITS ADMINISTRATION SYSTEMS
MJ is an advocate of offering a benefits administration system to employees for both benefit education and enrollment. We will work with your team to evaluate potential partners who can help maximize your employee engagement and identify inefficiencies in your process.
CLIENT SERVICE
We take an active approach to client service, so we can help prevent issues before they become a problem. And you can rely on us to be a day-to-day advocate for your best interests.
STRATEGIC SOLUTIONS FOR PHARMACY MANAGEMENT.
Prescription spend is projected to comprise upwards of 50% of an organization’s total plan spend by 2035—that’s why we developed MagniPhy Pharmacy Solutions. Pharmacy programs are complex, and MagniPhy is designed to deliver clarity and excellence in pharmacy management by aligning our innovative solutions with your unique business goals and objectives. We are here to take the guesswork out of creating and managing your pharmacy program. Our approach is rooted in clarity and focus, designed to remove the noise and provide you with effective solutions that propel your business forward.
BUILDING WHAT WORKS FOR YOU
Let’s face it—every organization is different. That’s why our MJ MagniPhy team takes a tailored approach to develop pharmacy strategies that align with your business philosophy. We assess your needs and priorities, matching you with the right partner to create the optimal pharmacy program for your business. The MJ MagniPhy team’s daily immersion in the pharmacy space provides fresh, cutting-edge perspectives that drive effective, customized solutions. Because our team lives and breathes pharmacy, we stay ahead of the curve and work proactively to develop solutions to both current and future pharmacy challenges. We do the heavy lifting, so that you can focus on taking your business to the next level.
LETTING THE DATA TELL THE STORY
Your data tells the story of your business, and by utilizing APERTURE, we can turn your pharmacy data into actionable insights, bringing you innovative, fresh perspectives. Like looking through a magnifying glass, we bring your pharmacy program into sharp focus. With APERTURE, we can offer the following:
PERFORMANCE METRICS AND BENCHMARKING:
+ Leverage data analytics for tracking and analyzing pharmacy benefit performance metrics.
+ Enable comparison against industry benchmarks, identifying areas for improvement and ensuring PBM delivers expected value.
COST TRANSPARENCY AND ANALYSIS:
+ Transparent insights into drug pricing and formulary management.
+ Identify cost-saving opportunities, negotiate contracts, and optimize overall expenditure on pharmacy benefits.
UTILIZATION PATTERNS AND TRENDS:
+ Uncover utilization patterns and prescription drug trends.
+ Identify overutilization or underutilization, allowing tailored benefit strategies for optimal health outcomes while controlling costs.
+ Pinpoint drug waste to ensure optimal utilization of prescribed medications.
WELLBEING.
RETIREMENT BENEFITS ADVISORY
Sponsoring your organization's retirement plan is no small feat! We commend you for managing these plans and improving the financial future of your employees. We know what an undertaking this role can be. That is why it’s all we do for our clients. Think of us as your outsourced Chief Retirement Officer (CRO).
MJ Retirement* specializes in advising over 401(k), 403(b), and other corporate retirement plans. At the end of the day, we want to improve the financial health of those we work with. We do this by managing retirement plans and financial wellbeing programs: working with employers to make strategic decisions that can actually move the needle and improve financial outcomes.
YOUR OUTSOURCED CHIEF RETIREMENT OFFICER
INVESTMENT ADVICE
Investments not your cup of tea? Well, you’ve come to the right place because we love investments! Really though, we are a fiduciary with all of our clients. We select and monitor the investments in your retirement plans, reviewing them with you regularly.
+ 3(21) & 3(38) Investment Manager
+ Selection assistance, review, and monitoring
+ Investment Policy Statement development and review Quarterly Investment reporting
FINANCIAL WELLBEING
Many of our clients are looking to help their employees, get on track financially. We work with you to understand your goals and objectives for a benefits program, research your employee demographics, and develop a custom program that works! Are your employees taking out loans from their retirement plan, struggling to pay off student loans, or trying to support their aging parents? We can build a program to support them.
FIDUCIARY GOVERNANCE
Is your retirement plan committee running on all cylinders? Do you have a formalized committee? If not, we will help you set one up. If so, we help you evaluate your current structure and practices. Going forward, we will share and assist in implementing best practices.
+ Initial and ongoing fiduciary training Online fiduciary portal
+ Conflict of Interest education
+ Fiduciary documentation
PLAN DESIGN
What’s behind the design of your retirement plan? Not quite sure? Since no two organizations are alike, we work with you to understand your objectives, analyze your employee demographics, and develop solutions that can help improve outcomes for your participants. Not only that but as your workforce and objectives change we make sure your retirement plan remains effective and operates efficiently.
*MJ Retirement services are available at an additional cost.
AN INTEGRATED APPROACH
TO TOTAL REWARDS.
TOTAL REWARDS—IT’S SO MUCH MORE THAN COMPENSATION AND BENEFITS
Modern people strategy involves more than just compensation. Today’s workforce is prioritizing rewards programs that reflect the diverse and intricate needs of various life stages, and employers are evolving their perspective to provide innovative, flexible, and compelling programs that align with the organization’s culture and purpose.
That’s why the best compensation and total rewards strategies are inherently dynamic. They skillfully weave together compensation, benefits, paid time off, wellbeing, career development, recognition, and other perks and employee programs. They must navigate the complex interplay between internal and external forces to create a compelling people value proposition aligned with workforce and organizational priorities.
To do it right, collaboration and a personalized approach is the optimal strategy—and no one does it better than MJ.
OUR INTEGRATED APPROACH POWERED BY DATA
Powered by MJ’s proprietary data analytics platform, APERTURE, we provide integrated Compensation + Total Rewards Consulting so you can make forward-thinking decisions about your program today and in the future. We provide specialized consulting services and indepth benchmark data analytics to help your organization evaluate its compensation, benefits, retirement, and wellbeing programs. Our team of dedicated professionals develops innovative reward programs that align with your organization’s culture, talent market, and strategic priorities.
CORE SERVICES
STRATEGIC REWARDS ARCHITECTURE
Strategy Development:
+ Crafting tailored Compensation and Total Rewards Philosophies aligned with organizational values.
+ Providing insight into best practices and emerging trends to inform innovative strategies.
+ Developing Pay for Performance Incentive Programs to drive motivation and engagement.
+ Assist in annual salary increase budget planning and strategic allocation processes.
Pay Transparency and Communication:
+ Providing guidance on Pay Transparency Compliance trends
+ Building compensation structures, grades and ranges to support recruitment and retention.
+ Crafting clear and compelling communication strategies for Rewards Programs.
BENCHMARKING & ANALYTICS
Executive and Board Compensation:
+ Conducting assessments to ensure competitive Executive and Board compensation.
Incentive Compensation Plan Design:
+ Designing effective variable compensation plans to drive performance and align with organizational goals.
Compensation Benchmarking:
+ Analyzing Compensation Survey Data to benchmark against market trends.
+ Designing Compensation Structures and Pay Programs for optimal alignment.
Gap Analysis and Evaluation:
+ Conducting thorough evaluations to identify gaps and ensure program alignment.
Geographic Assessments:
+ Analyzing cost of labor and cost of living with Geographic Assessments.
Time Off Programs and Perks:
+ Evaluating Paid Time Off Programs and reporting on the prevalence of various perks.
INSIGHTS FOR IMPACT.
BUILDING COMPENSATION STRUCTURES WITH ROBUST BENCHMARK DATA
Our vast compensation benchmark survey library allows us to provide employer-reported data from multiple premier survey sources and leverage that data to build compensation structures, incentive plans, and total rewards programs that celebrate and support the unique culture at each organization we serve. Our surveys identify the full market range of base and incentive compensation, including various percentiles for each benchmark position. Survey sources reflect small, medium and enterprise participating organizations with segmented data based on company size, industry, and geography.
ELEVATING TOTAL REWARDS THROUGH THE MJ REWARDS PROGRAM SURVEY
The MJ Rewards Program Survey frames our new vision of rewards program market trends and benchmark data. This survey serves as the cornerstone, providing timely and accessible benchmark data to enrich the MJ Total Rewards experience. In 2024, the survey will illuminate key areas, including:
+ Salary Budget Planning
+ Vacation, Sick, Personal Days and Paid Holidays
+ Other Perks (e.g., Tuition Reimbursement, Pet Insurance)
+ Retirement plan features
+ Benefits plan cost and spend
+ Total Rewards Investment allocation
ABSENCE + LEAVE MANAGEMENT.
EMPOWER PEAK PERFORMANCE
Unplanned absences have the potential to disrupt productivity and impact your bottom line. Our comprehensive approach to leave and absence management mitigates risks, enhances employee wellbeing, and fosters operational efficiency.
At MJ, we recognize that effective leave and absence management is about more than just tracking time away. Supported by a powerful combination of analytics and years of expertise, our dynamic solutions empower you to navigate workforce attendance with confidence, identify trends, and anticipate challenges before they impact productivity.
DATA-DRIVEN APPROACH
Our absence management solutions leverage cutting-edge technology and predictive analytics to anticipate and address workforce absence challenges. In collaboration with The Partners Group, we leverage advanced data models to provide unparalleled insights into absence trends, enabling you to make informed decisions that positively impact your business.
COMPLIANCE MATTERS
The evolving regulatory landscape is marked by substantial legislative changes, heightened complexity, and unprecedented enforcement activities at the state and local level. In the face of these challenges, MJ offers peace of mind, leveraging our compliance expertise and guidance to steer your organization through the intricate web of regulations.
TACKLING COMPLEXITY WITH TAILORED SOLUTIONS
Despite regulatory revisions, the perpetual challenge of FMLA and state leave administration complexity persists, often creating a myriad of headaches, particularly for multi-state organizations. MJ addresses these pain points, offering tailored solutions to enhance the efficiency of your leave administration processes.
YOUR PARTNER IN INTEGRATION
Integration with other human resources disciplines is a priority for many forward-thinking organizations. We’ll work with you to help integrate absence management and HR administration functions, championing a cohesive and efficient approach across your entire workforce.
RISK MANAGEMENT SOLUTIONS DRIVEN BY DATA.
RISK MANAGEMENT
We always start our relationship by gaining an understanding of what your company is trying to achieve at a global level—not just with risk management.
Understanding your goals and initiatives allows us to better evaluate, analyze, and help manage your risk in a way that allows you to utilize your risk management program as a source of capital, rather than an expense, to assist in meeting your corporate objectives.
ANALYTICS
MJ’s comprehensive, forward-thinking approach to analytics is the foundation of our risk management consulting practice. We’re able to pinpoint claims drivers and proactively address them with our innovative approach to analytics, and using our proprietary analytics tool— APERTURE. And we have extensive experience integrating and analyzing claims and policy data.
RISK SERVICES
To better align your risk management strategy with your corporate objectives, we first take a deep dive and perform a comprehensive risk analysis of your firm. This quantitative and qualitative analysis will allow us to understand your risk profile and tailor the proper treatment for your exposures in alignment with your overall strategy.
RISK TRANSFER
There are many options for financing your risk—and based on our risk analysis and business conversations, we’ll recommend the right risk financing strategy for you. And when the time comes, we’ll be there to guide you through the claims process as well.
CLAIMS CONSULTING
We understand how important it is for you to have experts to guide you through the process once a claim occurs. With our dedicated team of commercial claims specialists, we offer our expertise and support throughout every stage of the claims process, minimizing the economic, administrative, and emotional burden claims can have on your organization.
CLIENT ADVOCACY
You can always rely on MJ to help—and to be a persistence advocate on your behalf—while surpassing your expectations with our customer service. We understand that insurance and risk management is not merely about the placement of your coverage once a year and that questions or issues arise daily that need immediate attention.
HELP MITIGATE FUTURE LOSSES.
CAPTIVE APPLICATIONS
Captives can insure a wide range of risks, catering to high-severity/lowfrequency exposures and risks with predictable and recurring claims, such as workers’ compensation, commercial auto, and general liability exposures. By assuming coverage for retained risks, captives have the advantage of customizing insurance terms to suit the specific risk profile of the parent organization. Certain areas of vulnerability can be effectively addressed by captives. These may include:
MEDICAL STOP-LOSS:
By utilizing captives, businesses can effectively reduce and stabilize healthcare costs over the long term, enhancing the efficiency of employee benefit financing and delivery.
EMPLOYEE BENEFITS AND MEDICAL OPTIONS:
When structured to fund hospital indemnity and safety programs, captives protect employees during health emergencies.
LIABILITY INSURANCE:
Captives can address workers’ compensation, commercial auto, and general liability exposures.
CYBER RISKS:
The financial consequences of data breaches, including reputational damage, business interruption, and third-party liability, can be mitigated by captives.
Additionally, organizations can achieve significant reductions in overall program costs by removing attritional losses from the traditional insurance market and self-financing them within a captive.
Captive owners also benefit from direct access to the reinsurance market, allowing them to obtain coverage for risks that may be challenging to insure in the commercial market due to capacity limitations or high rates.
If a captive performs well, the premiums generated can be retained within the captive, effectively creating a new revenue stream for the parent company.
ALTERNATE RISK TRANSFER SOLUTIONS
At MJ, we’re ready to help you manage risk on your terms. We pride ourselves on our expertise and client-focused service strategy that delivers solutions tailored precisely to your needs.
TAKING YOUR INSURANCE PERSONALLY.
PERSONAL INSURANCE
Personal insurance can be an impersonal business—but not when you work with MJ. Our approach to personal insurance means getting a thorough understanding of your lifestyle needs, future goals and current assets, so we can create a custom plan for you.
THE RIGHT DECISION
You’ve worked hard for your accomplishments, and at MJ we work hard to protect what matters most. Our tenured Personal Insurance team won’t just place coverage for you—we’ll work with you to understand your lifestyle and coverage needs to build a customized insurance program for you and your family. And we’ll give you the consultative support you need to make an informed decision. With over five decades of experience serving some of the nation’s most successful families and individuals, we are invested in your growth—and protecting your life’s work.
WITH YOU EVERY STEP OF THE WAY
As your lifestyle needs grow and change, your dedicated MJ Consultant will work with you to ensure your assets and net worth are fully protected. We’ll also partner with your wealth advisor to provide a comprehensive view of your personal risk management profile. And should a claim or change occur, we’ll be there every step of the way.
We’re there when you need us. And we’re experts at what we do—involved in the details, so you don’t have to be.
THE MJ DIFFERENCE
MORE INSIGHT. MORE SOLUTIONS. MORE THAN JUST INSURANCE.
At MJ, we know that great companies don’t settle for “fine.” That’s why we go beyond just selling insurance. We strive to make you better at what you do today, tomorrow, and for years to come.
In addition to developing a profound understanding of your needs and building a strong relationship, we believe in utilizing a data-driven, tech-enabled strategy that empowers you to make informed decisions based on facts.
Our steadfast commitment is to deliver innovative solutions that cater to your ever-changing needs. We strive to help you stay ahead of the curve and adapt to the dynamic business landscape. Our Risk Management and Benefits+ teams work collaboratively, leveraging their expertise to uncover new solutions aligned with your goals, both now and in the future.
The talent of a top global consulting firm. The resources, accessibility, and tailored approach of a privately owned, nimble company. All with a personal focus.
We are The MJ Companies.
