 With Payroll Solutions you gain access to Fortune 500 style benefit packages
that will help you attract and retain quality employees – your most valuable
resource and your best hedge against the competition.
The following is a summary
of the benefit administration we provide for clients that chose our benefit plans.
Choosing Payroll Solutions' benefits means you will no longer have to shop, administer, process
or audit any plans. We handle it all for you!
Plan Design and Implementation
- Develop customized benefits packages and contribution strategies
- Present benefit options to employees through on-site orientations
- Enrollment administration and liaison with carriers.
- Medical Expense Reimbursement Programs are available to minimize plan exposure to
employees.
Benefits Administration
- Directly assist employees with all coverage questions and issues
- Track enrollment eligibility and changes in eligibility
- Supply, assemble and distribute all benefits brochures and forms
- 401(k) audit, administration and testing (including preparing and filing form 5500;
reviewing eligibility for pre-tax treatment and receipts to assure they comply with
the IRS).
- Wellness Seminars
COBRA Administration
- Assist with compliance and regulations
- Send notices to employee and dependents
- Maintain required records
- Collect payments and remit premiums
- Terminate coverage for non-payment
MEDICAL
- 5 PPO Options Available
- Various co-pays, deductibles, and co-insurance limits available
- Employee contributions for themselves and dependent coverage they choose
PRESCRIPTION CARD
- Generic coverage
- Brand name coverage
- Mail order option for maintenance drugs
 DENTAL PLAN
- Full standard plan
- Discount services plan
VISION PLAN
- High-end coverage plan
- Discount services plan
LIFE INSURANCE
SHORT & LONG TERM DISABILITY
- Waiting period (different for sickness or accident)
- Percent of base salary up to some weekly maximum
- Contributory or not (effects taxability of benefits)
LONG TERM CARE
- Care provided at home or in nursing facility
EMPLOYEE ASSISTANCE PROGRAM (EAP)
- (Available with Payroll Solutions Medical Plan)
- Pre-paid counseling for employees and families
- Increases work productivity;
- Decreases absenteeism;
- Helps control health insurance costs.
OLUNTARY TERM LIFE INSURANCE
- Typically available to employees through payroll deduction
UFORA PAY CARD
REDIT UNION
- Full service credit unions offer:
- Savings, checking, money market accounts
- CD's, IRA's, VISA, Mastercard, ATM card
- Auto, consumer, mortgage and home improvement loans
401(K) PLAN
- Contributions and investment earnings grow without any current income tax
- Number of investment choices •Frequency of enrollment times
- Frequency of when changes can be made
- Matching or non-matching
IRS SECTION 125 PLAN
- Pre-tax payroll deductions for employee contributions towards medical insurance
- Pre-tax deduction of up to $2500/year for qualified dependent care expenses
- Flex spending accounts for un-reimbursed medical expenses
PRE-PAID LEGAL SERVICES
- Wills, Document Reviews, Real Estate, and more
PAYROLL DEDUCTION AVAILBLE FOR:
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