Employee Benefits

In today’s environment, employees expect a robust and comprehensive benefits package.

The employer, on the other hand, is left with the headaches and liability of benefits administration and the ongoing responsibility of keeping costs as low as possible.

Whether you’re a Fortune 500 company or a small business, The OIS Group takes the guess work out of employee benefits.

At The OIS Group, we have access to all major carriers and PEOs which enables us to customize a benefits package according to the specific needs of your business and staff.

Our cost analysis highlights the difference between PEO and open market packages:

  • Group Health Plans: Most major carriers; Flexible plan design
  • Dental and Vision: No minimum employee participation required; No company contribution required; Ability to rollover annual deductibles
  • Life Insurance: No minimum employee participation required; No company contribution required
  • Long and Short term Disability Insurance
  • Accidental & Supplemental Insurance
  • 401(k) Retirement Savings: NO start-up cost and nominal annual fees; Administration is handled by a 401(k) Specialist; Ability to customize the plan
  • Section 125 Cafeteria Plan: No cost to the company; Offers your employees tax exempt benefits
  • Flexible Spending Accounts
  • Wellness programs
  • Employee Assistance Program
  • Discount perks for employees: Movie tickets, theme parks, cell phones, etc.

If you choose to offer benefits through a PEO, you’ll enjoy economies of scale, system integration, and peace of mind knowing benefits administration is taken off your plate.

Let’s discuss the difference between outsourcing benefits administration and managing it internally.

  • Annual Open Enrollment
  • Contract renewal negotiation
  • Deduct benefit premiums from employee checks
  • Provide benefit reconciliation and payment
  • Employee deduction tracking when employees are out
  • Employer contribution billing
  • Enrollment
  • Life/Disability Conversions
  • Process Federal COBRA notices and payments
  • ERISA & HIPAA compliance
  • IRS Section 125 Plan compliance
  • IRS Section 401(k) compliance and administration
  • Plan document compliance and Form 5500 filing
  • Receipt of carrier billing and payment to the carrier
  • Monthly billing reconciliation
  • Monthly employee eligibility notification
  • Changes and termination processing with carrier

Why not have The OIS Group act as your owner’s rep and
conduct a full review free of charge?

If you’re interested in learning more about employee benefit packages and solutions, schedule an on-site consultation with our team. We will work with you to assess your needs and deliver tailored options best suited for your organization’s overall success.

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