Disability Plan Audits

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More and more employers today are interested in understanding how their disability plans are being administered. A growing need for corporate governance, a focus on the bottom line as well as peace of mind have led to a decision to have a detailed review conducted. Banyan’s specialized audit team is experienced in conducting both short and long term disability plan audits. We focus on disability management best practices utilizing our qualitative audit tool, developed to be customized for each client. Our comprehensive report provides our clients with valuable information, including a ranking by category, that can be used for a better partnership with their plan administrators. We will work with you to establish areas for special focus for the review and ultimate reporting.

Ours is a collaborative approach and we work with our clients and their plan administrators as part of an overall team to ensure that our clients’ short and long term disability plans are being effectively managed. Results that our clients can expect include improved communication, a more proactive approach to disability management and improved financial results.