Employee benefits are the second highest costs behind payroll.
We help you get the most out of your benefits and control costs at the same time.
Control benefit costs
A dedicated employee benefits admin team can help you fully leverage the benefits you select with your broker or if you are self-funded. They can also help you recover lost profits by reconciling bills, overseeing data transfers for accurate payroll deductions, conducting and eligibility checks so that you aren’t paying more than you need to.
Variable Cost Model
Toggle in lower right hand corner to view full screen
Reduce regulatory and compliance risks
Benefits admin experts know the latest state and federal employer regulations and can provide counsel for HIPAA, ERISA and ACA. They’ll do the heavy lifting on paperwork to keep you in compliance.
Create a better employee experience
Putting the human element back into health benefits administration hugely differentiates today’s companies. A partner can cut down enrollment paperwork and can be a welcomed third-party resource that employees can call with questions, contributing to overall employee satisfaction.
Streamline management to free up internal resources
A benefits admin partner can take over the time-intensive tasks that tax your internal HR teams so they can focus on mission-critical, strategic and employee-centric initiatives. This makes employees happier too!
Attract and retain top talent
An outsourced employee benefits solution can keep you up to date on what employees expect and where to find the best benefits at the best price, keeping you and your employees happy. You can use your employee benefits package to attract leading talent.
Let’s address your complex HR challenges together.
What will you get with a benefits admin solution?
Flexible employee benefits administration made simple.
- A dedicated team to manage your benefits admin plan
- A custom toll free number using your company name for employee support questions
- Management of data and system programming
- A transparent interface where all your admin can be seen in one place
- Data processing and eligibility checks to make payroll simpler
- A system of checks and balances that keeps you up-to-date on regulatory compliance
- Open and ongoing enrollment support
- Benefits package comparison and design
- Paperwork and documentation processing
- As needed legal counsel
How to pick the right benefits admin provider.
Many benefits administration solutions exist. Asking the following questions can help determine if the solution at hand is the best fit for your company and your employees:
Does the company have a record of success?
It’s easy to make claims, but does the company in question have a true client retention number that proves a list of happy clients?
Does the company have the right people and a built-in process?
There’s an adage that companies should focus on people, process and technology–in that order. Make sure you like the people you’ll be working with and that you can actually communicate with them. Look for a defined process customized to your needs. In the HR field in particular, a blanket technology solution won’t fix benefit admin headaches if the right process and people aren’t in place.
Does the size of my company or my industry matter?
Look for well-rounded companies that have specialized experience in a variety of fields with generalized HR knowledge that can be applied across all industries. The size of your company shouldn’t matter so long as the provider tailors a solution that meets your needs.
Do certain providers offer access to better employee benefits packages?
Look for a benefits provider that is future-forward so they can research and get ahead on future trends. Again, it comes down to track record. Look for a company that’s made significant impact on a number of trusted brands.
What else should I consider when choosing a solutions provider?
Customer service is everything. Look for a benefits outsourcing provider that will give you one-on-one attention and treat your needs as unique. Ask whether they will work directly with employees or if they are limited to working with HR. Avoid companies that have so many clients that you can never get in touch with someone to discuss the status of your partnership.
Corban OneSource saved me 35% in administrative costs and freed up my time to focus on more strategic areas of our business.
Employee benefits trends for 2020
Employees have changing and growing demands when it comes to benefits. Wellness programs, remote opportunities and interesting perks like quiet rooms or office dogs abound as a result. Here are the top 5 benefit trends to pay attention to in 2020, according to SHRM’s annual employee benefits survey:
1. Healthcare: employee contributions are on the rise and healthcare is the major benefit spend for companies.
2. Tuition assistance: student loan repayment has doubled (8%) since 2018 and new federal legislation allows employers to offer tax free assistance.
3. Paid leave and flexible working: paid maternal and paternal leave is on the rise beyond the federal minimum and telecommuting is up to 40%.
4. Wellness benefits: companies are continuing to grow offerings for child and elder care, and companies offering standing desks (60%) and quiet rooms (21%) are on the rise.
5. Program and service: more companies are investing in staff’s leadership development (14%) and a majority of companies offer volunteer programs (51%).
Let’s address your complex HR challenges together.
Employee Benefits Administration FAQs
Get a peek inside the onboarding process
An outsourced benefits admin solution will begin with an audit of your companies needs. It will outline a plan and services for your team to approve. You’ll also learn about communication expectations and what’s needed from your team to get set up. You’ll get connected to a dedicated staff member or a team, depending on your needs.
Ready to outsource your employee benefits?
With something as essential to your success as your human capital, it’s important to establish an outsourcing relationship based on trust, communication and clear expectations.
Employee benefits outsourcing can help your company manage risk by identifying and solving common challenges relating to regulatory and payroll compliance. By automating payroll processing, assisting with onboarding documentation, tax information and enrollment, and by sending out necessary COBRA forms post employment, an outsourced partner helps you stay compliant.
At the most basic, an outsourcing partner should assist with compliance, help you save time and money on employee benefits administration and help you offer a better customer experience to help you attract and retain top talent.