MCG’s President and Consulting Actuary Geoff Marsh (1961-2016) founded MCG in 2000 with the vision of providing Fortune 500 thinking to mid-size organizations. These companies tend to be underserved by the brokerage community and overcharged by larger consulting firms. Through the years, MCG has grown into a full-service actuarial consulting company that specializes in strategy development, design, implementation, and ongoing management of health and welfare benefit programs.
Geoff led MCG based on his 30 years of experience in employee benefits with both the public and private sectors. He served on the consulting and brokerage sides of the business with an industry giant (Mercer), and worked as an actuarial analyst for insurers. This background provided the foundation for MCG’s approach as both an effective advocate for and consultant to companies ranging in size from 150 employees to the Fortune 500. Managing Consultant Brad Gauen continues to fill MCG’s unique advocate/consultant role for its clients, with the ultimate goal of crafting benefit strategies that satisfy objectives for corporate, finance, and employee relations.
As Geoff often stated, "Our specialty is in helping companies maximize their return on investment in health and welfare benefits – squeezing as much as possible out of their benefit dollars. I enjoy bringing our problem-solving approach to mid-size organizations. Our actuarial approach is not available from brokerage houses, and larger consulting firms are typically just too expensive."
"Our approach is to take a look at our clients' business objectives and, typically as a first step, perform a Cost Control Study. We then proceed to analyze and address benefit plan design, pricing, systems, administration, compliance, and communications. With this step-by-step approach, and by working directly with the insurer's actuaries and underwriters, we are able to deliver superior results for our clients."
A frequent speaker on health and welfare benefit matters, Geoff held a Bachelor of Science degree in mathematics from the University of Wisconsin, was an Associate of the Society of Actuaries, and a member of the American Academy of Actuaries. Geoff was also a former President of the Compensation & Benefits Association of San Diego.
Although the healthcare coverage debate rages on in our nation’s capital, the Affordable Care Act (ACA) is still the law of the land. It is important that employers remain vigilant in their ACA compliance efforts. In particular, the “affordability standard” is a component of ACA that has been frequently overlooked. Employers should be reassessing their employee contribution structure annually to ensure compliance and avoid costly penalties. In order to determine affordability, the IRS sets an “affordability percentage” annually. The affordability percentage is applied to the employee’s…
» Read more
As we ease into our summertime schedules, Open Enrollment is lurking around the corner (for those of you with calendar-year plans). Creating benefits communications that are engaging and helpful to employees is not difficult, but does take some planning and coordination. MCG can assist with the planning process as well as with communications strategy and creation. Whether you hire a consultant such as MCG or do your benefits communications in-house, we’d like to share a recent article by Willis Towers Watson that summarizes common errors…
» Read more