Compensation Consultants LTD. - Personalized Approach to Delivering Health Plan Benefits
Updated: May 4
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Shawn Wolverton’s father, Jon, and his business partner Diane Mitchell launched Compensation Consultants, Ltd. in 1987. Their office is located at 807 Cloquet Avenue, where they have been located since opening the business. Today Compensation Consultants comprises four local staff Shawn, Paul, Rose, and Nicole, providing top-notch customer service.
Compensation Consultants is a non-insurance affiliated contract administration service provider that administrates flexible savings accounts (FSA), health reimbursement accounts (HRA), voluntary employee beneficiary association (VEBA), health savings accounts (HAS), and continuation of health coverage (COBRA). Their work is focused on assisting employees in understanding how to utilize their employer’s benefit programs. “It’s rewarding to provide customer service; that’s our reputation,” said Shawn Wolverton, business owner. They also provide tools and resources to employees to leverage their employer’s benefit programs, such as consumer portals, debit cards to pay for qualified plan expenses on the spot, and website tools summarizing eligible spending products which accept payments from their debit cards or major credit cards.
Their busiest time of year is during open enrollment periods, which leads to significant travel and employee meetings. In this region and state, there are certainly larger contract administration service organizations, but their customer service reputation sets Compensation Consultants apart from their competition.
Compensation Consultants has over 200 clients and serves roughly 7,500 employee participants. “Ninety percent of our business is within a 150-mile radius of Cloquet,” said owner Shawn Wolverton.
807 Cloquet Avenue
Cloquet MN 55720