Benefit Administration
Employers with 5-1,000+ Employees
In today’s employment market it is critical for an employer to be able to offer employee benefits that attract and retain a quality workforce. ManagedPAY’s HRIS/Payroll platform provides an efficient
benefit management
system for effective plan administration.
All the benefits of the Payroll Processing package, plus the following…
- Affordable Care Act (ACA) compliance
- Full time equivalent (FTE) employee status
- Initial measurement, stability and eligibility period compliance
- Offers of coverage and Summary Plan Descriptions (SPD) setup
- Affordability Testing
- ACA year end reporting – 1094/1095
- Global allocation of benefit renewal deduction amounts
- Employee self-serve
- Open enrollment process
- Benefits summary
- Benefits details
- Carrier interface options for employee plan enrollments
- COBRA administration options
- Broker interface for Summary Plan Description setups
- Retirement plan interface payment options
- Retirement plan census reporting options
- Benefit and ERISA compliance consultation
- Our team of benefits experts are available to answer your questions regarding the ever-changing Affordable Care Act mandates. Whether you retain your own insurance broker or engage our experienced insurance brokers we will guide you through the process of making an informed strategic decision under the Affordable Care Act.