Prism Benefits

Prism Benefits is an employee benefits consulting firm in Needham that helps employers design and run their benefits programs. Its stated mission is to reduce financial insecurity in the American workforce, on the view that employers can make a real difference through thoughtful, budget-sensitive benefits paired with employee education. The firm works with organizations of all sizes, including companies launching in the United States for the first time and unfamiliar with U.S. benefits and HR rules.

Services cover group health and welfare insurance, voluntary benefits that give employees more choice, executive benefits for rewarding key employees, and retirement plans arranged with strategic partners. Prism also handles compliance with federal and state benefits rules and offers outsourced HR and benefits administration, from I-9s, W-4s and payroll to enrollments and terminations. Employee education and financial wellness programs help workers understand how their benefits fit their own circumstances.

What to Know

• Prism can help a company’s own staff handle administration or take it on entirely.
• Funding strategies and benefits communications are part of its consulting work.
• The firm cites studies showing 75 percent of employees want more choice in their benefits.