Issue
This client, a public school district, was facing a capped wellness fund after more than 12 years. At the same time, they were investing more than $50,000 annually with their current financial employee wellbeing program, which was a critical need amongst their employees. Seeking solutions to maximize the impact of their financial wellbeing programming and vet a new potential vendor partner, the district turned to our team at CBIZ for assistance.
Solution
We leveraged a multi-faceted approach to help the client enhance impact while containing costs. Key strategies included:
- Exploring whether the value of a new financial wellbeing program available to the district, Best Money Moves, was significant enough to recommend the client switch vendors.
- Illustrating how program features compared between the two vendors — and how savings could be used to offset rising costs of medical care and enhance their wellbeing program.
- Asking a subset of employees engaged in the former platform to review the new vendor prospect to determine if it would meet their needs.
Outcome
As a result of a thorough vetting process, we confirmed Best Money Moves offered strong, innovative capabilities and recommended the client switch vendors. With this guidance, the district launched Best Money Moves in preparation for the 2025/2026 school year. This strategic shift will include:
- A comprehensive communications plan and training to ensure broad engagement.
- Employee access to a modern, relevant program — delivering greater value at no additional cost.
- Elimination of a $50,000+ annual expense (approximately one-third of their current wellness fund) while still allowing the client to deliver a high-quality financial wellbeing solution.
- Increased availability of significant dollars to be used to offset rising medical care costs and for other wellbeing initiatives.
| Company Information | |
|---|---|
| Industry | Education |
| Geographic Footprint | Kansas City, MO |
| Number of Employees | 3,000 |
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