Case Study: Lockton Companies Inc achieves $741,000 savings and streamlined benefits administration with PlanSource

When Client Needs Outgrow Private Exchange Solution

Lockton Companies Inc worked with a nationwide single‑family rental home provider that had outgrown its private exchange and needed an all‑in‑one benefits administration solution. Facing time‑consuming manual HR tasks, a short implementation window before open enrollment, payroll and voluntary carrier integration needs, vaccine‑tracking requirements, and a 41% stop‑loss increase, Lockton turned to PlanSource for a Benefits Outsourcing solution.

PlanSource implemented its Benefits Outsourcing platform with payroll and carrier integrations, vaccine status tracking, EOI and life‑event processing, and dedicated technical support, enabling a smooth, condensed implementation. With PlanSource in place (and Lockton negotiating on the client’s behalf) the engagement delivered $741,000 in immediate cost savings, a 3‑month implementation to meet enrollment deadlines, strong voluntary participation rates (e.g., 89% critical illness, 84% voluntary life), and a negotiated 0% flat renewal on the stop‑loss increase.

Lockton Companies Inc

Chris DiCarlo

AVP