September 22, 2017
Dallas, TX ― September 22, 2017 — Employee benefits and HR technology firm Ardent Solutions partnered with a nationally recognized third party actuarial firm to present their 15th annual Benefits Benchmarking Survey. This was one of the nation’s largest mid-market benchmarking surveys.
Ardent Solutions received 281 unique employer responses, representing 257,088 employees and roughly $2.9 billion in healthcare dollars spent. Various figures were reported, such as a 4% increase for plan design changes in the Dallas area. This median final cost increase is consistent with the national increase for 2017. Some of the key findings of the survey included:
- 13% of Dallas-Fort Worth area employers are considering offering a HDHP plan in the future.
- The majority of all plans in this market are fully-insured, but as the number of employees increases, so does the percentage of self-insured plans.
- The median final cost increase—after all plan design changes—is 4% for Dallas-Fort Worth area. This is slightly lower than the national increase.
Many industry trends were highlighted during the discussion regarding the data. The current state of affairs for the human resources industry was reviewed, drawing comparisons between Dallas-area and national statistics. This provided survey participants with a gauge of how their benefits relate to others around the country.
“The benefits seminar that we hosted this year was especially exciting because of the participation from the community,” said Bill Brown, partner at Ardent Solutions. “We love presenting the community with such significant data that aids in the success of their businesses. We are very grateful to work with great individuals from the Dallas area.”
Every survey participant was invited to attend the complimentary HRCI-accredited lunch to be part of the results analysis, giving the opportunity to review their customized report and benchmark their organization in relation to industry peers and the dataset as a whole.
If you are interested in seeing how your company’s benefits compare to others locally and nationally, or for more information on data collected in the 2017 Benchmarking Survey, please visit ardentsolutionsllc.com/benchmark or contact Emily Mills at (847) 457-3024.
About Ardent Solutions
Ardent Solutions partners with mid-market employers to deliver customized employee benefit plans and HR technology solutions that uniquely fit the goals of each organization. Their expert team of advisors in Houston and Dallas-Fort Worth use innovative tools, processes and industry experience combined with a passion for success to help companies make informed decisions that lead to results-driven strategies for their clients. For more information on Ardent Solutions, visit ardentsolutionsllc.com.