Dealing with superannuation can be complicated and time consuming for employers. As the industry super fund for hospitality, tourism, recreation and sport, HOSTPLUS can take the hassle out of managing super while helping you and your staff save money in fees.As the owners of a busy restaurant in Surfers Paradise, Nick and Emmy* have a lot on their plates. So they entrusted decisions about super to the accountant who had looked after the family business for years.
But with a growing family and a changing lifestyle, Nick and Emmy started wondering if they were getting the best deal. Their super fund was charging $160 per month in fees plus around $500 a month in premiums for various insurance policies.
After doing some research on the web, Nick and Emmy saw that HOSTPLUS was highly rated by a number of super rating sites. They did some comparison and discovered that they could be saving thousands of dollars a year in fees and premiums by switching to HOSTPLUS.
Nick and Emmy decided to give HOSTPLUS a call and after talking to the employer services team about their options, they received some information to help them make an informed choice about their super. Several days later they switched to HOSTPLUS.
They were so pleased about the service they received from HOSTPLUS that they spoke with their staff, addressing their concerns about high fees eating up their super balances. Nick discussed getting his staff to speak to HOSTPLUS to see what was best for them – and now they’re enjoying the same high-quality, low-cost super as the boss.
Brendan* manages the payroll department for a major hotel management company. With more than 800 staff, he was spending anywhere up to a week and a half making contributions to multiple super funds on behalf of the company’s staff. After switching to the HOSTPLUS online service Super FileManager to upload contributions straight from their payroll system, he told us he was able to save more than a day’s work in processing his company’s superannuation.
And what’s more, his team now saves even more time having moved over to HOSTPLUS’ Quicksuper Clearing House solution, which allows him to cover all their choice members’ payments with one single payment.
At HOSTPLUS, we have helped thousands of employers like Nick, Emmy and Brendan simplify their super administration and cut back on fees. It’s another way we take the hard work out of managing your super obligations, so you can get on with doing what you do best – running your business. Want to see how we can help you get more in your day? Give us a call on 1300 HOSTPLUS (1300 467 875) or visit our website at hostplus.com.au
This information prepared by HOSTPLUS is general in nature and does not consider any of your objectives, financial situation or needs. Before acting on this information, you should consider obtaining advice from a licensed financial adviser and consider the appropriateness of this information, having regard to your particular investment needs, objectives and financial situation. Issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL No. 244392, RSEL No. L0000093, HOSTPLUS Superannuation Fund ABN 68 657 495 890. *Case studies are based on real HOSTPLUS employers however their names have been changed.