PriMed Management Consulting Services, Inc.
"Investing in quality people and having them stay with us for the long term helps us produce a better product and a better service."
– Steve McDermott, CEO, PriMed Management Consulting Services
Company Facts
- Location: San Ramon, Calif.
- Type of business: Administrative and management services organization for an independent physician's association.
- Number of employees: 450
- Founded: 1984
- Web site: www.hpmg.com
Benefit highlights
- 86% - 87% employer-paid medical insurance premiums for employees
- 74% - 77% employer-paid medical insurance premiums for dependents
- 401(k) plan with a 100% employer match up to 6.5% of employee pay deferred; average employee deferral of 6.9% percent
- 100% employer-paid premiums for short- and long-term disability insurance
Percent of employees participating in 401(k) plan: 90%
How they've continued to protect the financial security of employees in this economy: "We remain steadfast on our match—it won't come off the table. When employees contribute, we provide a dollar-for dollar-match up to 6.5% of pay. Even in a down market, they're getting a 100% return," said Dan Robinson, PriMed's chief administrative officer. The company has also held quarterly one-on-one 401(k) meetings with employees to help them manage their investments in this economy.
Other interesting facts:
- Wellness program rewards employees for participating; for example, employees can receive a $50 debit card for participating in a health risk assessment
- Sends a personalized "total rewards statement" to employees' homes each year; the statement shows the value of the employee's compensation and benefits
Why Judges Selected PriMed
Watch a video of comments from 10 Best judge Connie Rank-Smith.
Read the transcript
"PriMed is a company that emphasizes employee development. Their commitment to employee development through 16 hours of education and surpassing that every year combined with their commitment to tuition reimbursement really helps to set them up for the future of their business as they go forward.PriMed has an extremely strong commitment to employee wellness and that will make a difference long term for their workforce. Additionally, they do a very strong company contribution that equals up to 11 percent of compensation that provides retirement security for their employees."
— Connie Rank-Smith, SPHR, CEBS, CMS, 10 Best judge and vice president of Human Resources at Jewelers Mutual Insurance; winner The Principal 10 Best Companies—2008.
