Administration
The unique administrative needs of your organization may vary. We offer an array of services that complement your benefits administration and can be tailored to meet the unique needs of your organization. These services include enrollment management, COBRA and FMLA administration, Section 125 plans, Premium Only Plans, HRAs and HSAs. Much of this administration and compliance can be automated when integrated with an employee benefits portal.
COBRA Administration
The IRS claims that more than 90 percent of all employers are out of compliance with COBRA regulations. Plus COBRA administration requires substantial administrative investments in billing and collection of premiums, reporting, accounting, not mention labor costs, legal fees, and postage. That's why outsourcing COBRA administration is the smart way to reduce your risks and costs, while focusing your resources on your business.
Documentation and Compliance
The IRS requires that companies maintain documentation of Cafeteria Plans and HRAs, and requires them to conduct non-discrimination testing. The IRS estimates that less than 20% of small companies have no documentation of their Plans and rarely conduct non-discrimination testing. We can provide you with the tools to do this yourself or we can do it for you.