Employee turnover is expensive. Between the time, money, and productivity lost when a valuable team member leaves, it’s no wonder smart companies are putting retention at the top of their HR priority list. But how do you hold onto your best people in today’s competitive job market?
The answer lies in strategic, well-structured employee retention benefits—especially those that do more than just check a box. If your current offerings stop at a traditional health plan and a 401(k), you may be missing the opportunity to build lasting loyalty and drive real business savings.
At Elevate Benefits, we’ve developed the Elevate+ plan to solve that exact challenge. It’s a smarter, more compliant way to offer meaningful benefits that don’t cost you—or your employees—extra. Let’s explore what makes retention-focused benefits like Elevate+ such a strategic win.
Why Should Retention Be a Business Priority?
Before we dive into benefits, let’s consider the business case.
- The cost of replacing an employee can range from 30% to 200% of their salary.
- Turnover disrupts teams, lowers morale, and weakens your company culture.
- Employees often leave not for higher pay—but for better benefits, flexibility, or support.
Retention benefits are more than a “nice to have.” They’re a direct investment in productivity, profitability, and long-term team strength.
What Employees Actually Want in a Benefits Package?
Today’s workforce is savvy. Employees expect more than outdated health plan options and bare-minimum coverage. They want:
- Full-family benefits that include spouses and dependents
- Zero copay access to care like telehealth and mental health support
- Financial wellness tools that improve their paycheck and reduce medical costs
- Modern, easy-to-use benefits that fit their life—not fight against it
The Elevate+ plan was built with all of this in mind.
Elevate+ — A Smarter Retention Strategy
Elevate+ is not a typical benefits plan. It combines three powerful components:
- Section 125 payroll deductions — tax-advantaged, cost-efficient
- Preventative Care Management Plan (PCMP) — proactive wellness and virtual care
- Self Insured Medical Reimbursement Plan (SIMRP) — structured reimbursements with guaranteed compliance
This trio is fully managed, fully compliant, and requires no out-of-pocket cost to the employer or employee. That’s what makes it one of the most benefit-rich and retention-focused programs available today.
How Elevate+ Help You Keep Your Best People?
For Employers: A Retention Strategy with ROI
By implementing Elevate+, employers can:
- Save ~$600/year per W2 employee — that’s $60,000 for every 100 employees
- Roll out the plan in just 30–45 days — fully automated, no admin burden
- Reduce healthcare claims — average $1,400 in savings per employee over three years
- Boost engagement and morale — employees stay when they feel cared for
- Create a competitive edge — strong benefits attract stronger candidates
And the best part? It’s cost-free to implement.
For Employees: Benefits That Actually Matter
Elevate+ is designed with employee satisfaction in mind:
- 3–4% net paycheck increase (~$100/month on average)
- $0 copay Telehealth with 24/7 access to doctors, coaches, and nurses
- Mental health and addiction support, available whenever they need it
- Mayo Clinic wellness tools and personal health dashboards
- Universal Life, Disability, and Critical Illness coverage
- Spouse and dependent care options — because families matter
All of this comes with no reduction in take-home pay and no surprise costs.
More than 40,000+ employees are already enrolled in the Elevate+ plan—and the number is growing every month.
Section 125 Benefit Plan: Why It Still Matters?
Let’s clear something up: Elevate+ is not just a Section 125 benefit plan. It includes Section 125 insurance—but it goes much further.
Traditional Section 125 plans help reduce tax waste by allowing pre-tax deductions for certain health benefits. That’s a great start. But Elevate+ leverages this approach while adding structured care management (PCMP) and reimbursed medical benefits (SIMRP). This makes it far more compliant, automated, and valuable than standalone cafeteria plans.
Retention Without Disruption
Another key reason Elevate+ works? It doesn’t require employers to change what they already offer.
Whether you currently offer a PPO, HSA, or even minimal coverage, Elevate+ is designed to integrate seamlessly alongside it. No switching carriers and new portals.
It’s retention-driven, but also risk-free and zero-disruption.
The Bigger Picture: Building Loyalty Through Benefits
Culture isn’t built overnight. But it is built through small, consistent signals that tell employees: “You matter here.”
When you give your team meaningful benefits that support them beyond the office, you:
- Build trust
- Improve loyalty
- Reduce stress
- Increase performance
- Attract like-minded, motivated professionals
Strong teams start with care, and Elevate+ helps you show that care every day.
Quick Comparison: Elevate+ vs. Traditional Benefits
| Feature | Elevate+ | Traditional Plans |
| Section 125 Integration | Yes | Yes |
| PCMP Wellness Management | Yes | No |
| SIMRP Reimbursements | Yes | No |
| $0 Copay Telehealth | Yes | Often No |
| Net Paycheck Boost | Yes (~$100/month) | No |
| Employee Cost | $0 | High Premiums |
| Employer Cost | $0 | Rising Yearly |
| Rollout Time | 30–45 Days | Months |
Final Thoughts: Retention Is an Investment—Not an Expense
Retention benefits are no longer optional. In today’s economy, where skilled workers have more choices than ever, a strong, modern benefits package can make the difference between keeping and losing top talent.
Elevate+ offers a smarter path forward: no disruption, no cost, and real retention value. You don’t have to spend more to take better care of your team—you just have to spend smarter.
Ready to Elevate Your Team?
Discover how Elevate+ can help you reduce your payroll taxes, boost employee productivity, and deliver real wellness benefits—without increasing costs, disrupting your current setup, or requiring complex payroll integrations.
Book your 10-minute consultation today and see how simple it is to give more while spending nothing.
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