Stephen Pate

Product Owner, Insights

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Stephen Pate is the product owner for Insights, Mployer Advisor's employee benefits benchmarking platform. He has been with Mployer since 2022, starting as a business analyst and then running analytics and operations before taking the product on, which means the benchmarks he writes about are ones he helped build. Before Mployer he interned in supply chain management at HealthTrust, HCA Healthcare's group purchasing organization, seeing the product lifecycle from warehouse to operating room. Earlier he analyzed automobile finance data for contracted banks. He is based in Nashville.

Other great pieces by this author:

Employee Benefits

Mployer rates employer benefit plans across four pillars: Medical, Ancillary, Leave, and Retirement. Of the four, leave carries the lowest direct cash cost to the employer outside of the opportunity cost of time away from work...

Author:

Stephen Pate

Employee Benefits

Vision is the most commonly offered ancillary benefit in employer-sponsored plans — 89% of employers offer it nationally, higher than dental, higher than life insurance, and higher than any voluntary benefit. And yet vision is also one of the most underfunded benefits in the market.

Author:

Stephen Pate

Employee Benefits

Dental benefits are not your largest cost center. For most employers, dental represents a fraction of what medical costs per covered employee annually. But dental is one of the highest visibility benefits in your package: employees use it, notice it, and talk about it. When it’s good, it builds goodwill. When it’s inadequate (low maximums, no orthodontia, zero employer contribution) it registers as a signal that the employer isn’t invested in the total package.

Author:

Stephen Pate

Employee Benefits

Benefits are one of the most powerful weapons in your people strategy. Used well, they help you attract candidates who would otherwise choose a competitor, retain employees who might otherwise leave, and signal to your workforce that you’re invested in them beyond the paycheck. Used poorly, or just blindly, they drain budget without delivering on any of those goals.

Author:

Stephen Pate

401(k) & Retirement

Understanding your 401(k) plan is a crucial step in securing your financial future. For employees of Surgicor, LLC, the company offers a robust retirement savings vehicle designed to help you build wealth for the long term. This guide provides a detailed look into the specifics of the Surgicor, LLC 401(k) plan, offering insights into its features, how to manage your funds, and essential company information.

Author:

Stephen Pate