NEON Entry Level Product
Purpose
Retirement and benefit arrangements can result in many rewards to both the employer and its employees. A well-designed fund enhances an employer’s ability to attract and retain qualified personnel. Due to ever changing marketing conditions and less money available to pay exorbitant administration charges, the Metropolitan Employee Benefit Business Developers identified a need for an entry level product administered on the Neon administration platform. Through the Neon Entry Level Product these individuals can trust the matters of employee benefits to us.
Metropolitan Employee Benefits’ experienced team of skilled professionals will assist clients of all sizes and industries in meeting benefit challenges. We know that knowledge alone isn't enough and hence back our expertise with an ardent advocacy for each of our clients. Our business is group benefits, but our customers get individual attention.
It is the knowledge that their contributions, together with their employees’ contributions would be administered accurately and timeously, ensuring a harvest of outstanding returns as well as the knowledge that their employees would be excellently provided for in any eventuality, coupled with the availability of the latest online technology and transparency, which makes the Neon Entry Level Product irresistible.
This product forms part of the Metropolitan IMC Umbrella Pension and Provident Umbrella Funds which are defined contribution funds. It will also enable businesses the ability to obtain basic insurance cover at competitive rates which will support employees and their families in the event of disablement or death.
The Neon Entry Level Product is designed to minimize costs without sacrificing quality or service.
Qualification Criteria
Monthly contributions expressed as defined percentages of salary resulting in annual total administration fee of R17 000.00 (excluding VAT) or more. Employer contribution should be inclusive of all cost. Minimum membership of 40 members per participating employer and administration fee should be expressed as a flat rand amount per member per month and not a percentage of salary..