Benefit Administration
Employee benefits can be a company’s most powerful tool for attracting and retaining good workers, but benefit administration in today’s business climate can be plagued with significant business risks. At SES, we work closely with our clients to develop and implement strategies for controlling insurance costs and related liabilities. In addition, we can handle all benefit administration and regulatory compliance testing for a Client’s stand-alone Major Medical and Ancillary Benefit Plans.
Administration
- Affordable Care Act Compliance
- Notification and administration of COBRA / HIPAA
- Reconciliation and remittance of insurance payments to carriers
- Benefit deductions synchronized with payroll
- Pre and Post Tax Deductions with qualified SEC 125 Cafeteria Plan
Employee Benefit Administration
- Major medical coverage
- Guaranteed-issue life insurance
- Dental Insurance
- Vision Insurance
- Short & Long-Term Disability Insurance
- Accident insurance
- Other Client sponsored Ancillary Benefit Plans
401(k)/Retirement Plan Assistance
- Transmit census data to TPA for plan testing, Form 5500 and Year End Report preparation
- Work with record keeper, TPA and financial advisor to help client uphold fiduciary responsibilities
- Timely funding of plan contributions
- Eligibility tracking and EE Data Changes
- Timely distribution of SAR, Fee Disclosure Notices and any other required notices (i.e. Safe Harbor, fund change notices, etc.)
- Assist clients with obtaining and implementing retirement plans