Synapses Launches Total Benefit Statement Service for Advisers

The service is a good accompaniment to personalized 401(k) education tools and other materials being provided to organizations by their financial advisers, said Synapses, provider of personalized 401(k) education, products, and services.

Serving as a personalized total compensation and benefits report for employees, Synapses’ Total Benefit Statement illustrates that a salary only represents a portion of a complete compensation package, the company said. The report shows that other benefits can often be just as valuable as a paycheck. Using graphs and lists, the report is customized for the look and feel of the organization and can include the value of:

• 401(k) match
• medical and prescription drugs
• dental
• basic accidental death and dismemberment
• basic life insurance
• short-term disability
• long-term disability
• employee assistance program
• flex: med/dependent care
• company contribution
• paid holidays / vacation
• Social Security
• unemployment taxes
• taxes saved

“Offering human resource departments a simple and easy method for depicting the true value of employment, the Total Benefit Statement also offers financial advisers yet another opportunity for engagement with customers,’ said Jim Saunders, president of Synapses.

For a sample Total Benefit Statement, contact info@synapses.com or call 704-321-4747. For more information visit synapses.com.