Don’t Let Compliance Issues Bog You Down
ManagedPAY makes sure you stay in compliance with state and federal regulations for everything from reporting, to strategic planning and administration.
Benefit Administration
Benefit Administration Services include:
- 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 distribution
- Affordability Testing
- ACA year end reporting – 1094/1095
- Benefit plan development and strategic planning
- Health – ACA and MEC compliant
- Dental, Vision, Life
- Flexible Spending Accounts
- Retirement [401(k)]
- Employee eligibility tracking
- Employee plan changes, enrollments and qualifying events
- Employee plan assistance and inquiries
- COBRA & HIPAA administration and compliance
- Section 125 plan administration and discrimination testing
- Premium reconciliation and carrier invoice payments
- Retirement plan development and strategic planning
- Retirement plan employee deferral and employer match remittance
- Retirement plan census reporting