Benefits Administration

AllHRMatters expertise provides you the necessary tools to design, implement, and manage a benefit program that supports corporate strategy, while identifying short-term and long-term opportunities for cost-containment and improved employee health and wellness. Once opportunities are identified, our team develops and implements a plan of action that works for you throughout the year – not just at plan renewal.

Whether your benefit needs include managed health care, executive benefits, work-life and wellness programs or government compliance concerns, AllHRMatters will assure you passion, innovation and accountability in our approach.  AllHRMatters will assist you to:

  • Gather, review and evaluate current benefit plans, financial data and funding arrangements
  • Determine if your current plan meets your objectives
  • Market lines of coverage to appropriate carriers based upon your dynamics and demographics
  • Review contracts and summary plan descriptions
  • Assist with your employee communication programs
  • Market lines of coverage

 

Employee Communications

  • Edit employee booklets/Summary Plan Descriptions
  • Review or prepare benefit employer/employee communication materials
  • Prepare strategy for comprehensive employee communication
  • Organize and assist with employee enrollment meetings
  • Assist in the creation of presentation materials

 

 

Projects:

Created FMLA database inclusive of 76,000 leave of absence/intermittent leave of absence records.  The new database facilitated transition of leave of absence administration to an outsourcer.  The outsource solution removed compliance risks, decreased organizational spend on FMLA related matters and created consistency in FMLA administration across the enterprise

Implemented automatic enrollment in 401 (k) defined contribution plan resulting in increased participation of 15%

Identified payroll cost savings of $30,000 via the outsourcing of 401 (k) QDRO and life insurance claims

Successfully transitioned the administration of a 40,000 participant cash balance pension plan following an acquisition

Managed 401(k) defined contribution plan with 2 BIL in assets and 63,000 active participants
Managed employee stock purchase plan (ESPP) with a total of 16,000 participants

Selected new vendor and managed conversion for Employee Stock Purchase Plan resulting in an annual cost savings of $100,000. This initiative also provided participants with on-line account access