Finding Common Ground

The Background

Viking Air has a 30-year history providing parts and services for de Havilland owners and operators. Since 2008, the company has expanded from 40 employees to over 550.

The Issue

The company had benefits plans with two separate providers, leading to many issues around management, cost, compliance and structure of plans.

In order for Viking Air to bring back simplicity, clarity and efficiency to the group benefits plan, they would have to consolidate both plans under one benefit provider for all employees, and ensure that there was ample education and cost savings through the transition.

The Solution

Navigo analyzed the existing plans and made recommendations for a new benefit funding model, executive benefits, profit sharing, employee education and retirement planning.

We brought both units together under one carrier as part of our costsaving recommendations, which led to a significant reduction in costs. In addition to a new executive benefits plan and a compliant group retirement plan, we implemented a thorough employee education initiative that allowed all members to understand their unified benefits and pension.

Navigo Financial Solutions Inc. has been our financial advisor in several capacities for the past 5 years. Our employee base has more than doubled over this time period with employees located regionally and nationally. Throughout this period of growth, Brian and his staff have always been available with outstanding client support and exceptional advice and counsel.

Peter Winters CFO, Viking Air

Articles of Interest

Team lead

Lynn Brophy, Director of Operations
Navigo Financial Solutions

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