Benefit Contribution Invoicing and Reconciliation
Managing employee and employer benefit plan contributions from multiple locations starts with a one-click process.
Multiple-location employers often struggle to administer employee and employer contributions in such a way so as to stay compliant with regulations and reconcile benefit premium payments.
This administrative task can consume resources better spent elsewhere.
The Who’s Where Solution generates “one-click” location-level invoices for timely contribution and collection of payments — avoiding unfunded plans or loss of funds associated with “pay as billed” carrier agreements.
We provide you with the tools to consolidate data for all plans, calculate employer contributions, electronically transfer funds, and generate a file for uploading directly to the carrier or record keeper — conforming to their file specifications.
Our dashboard allows easy identification of employee-level exceptions and location-level to-dos, and then lets you (or the location) take immediate action on these items, including sending automated notifications and reminders.
The Who’s Where Solution accommodates and supports:
- Automated electronic invoicing and funds transfer
- Carrier file integration, conforming to their file specifications
- New hires and termination benefit status monitoring
- Fast and easy census file creation for health plan or other benefit plan bids
We accommodate any carrier file specification and have working configurations already in place for Principal, Transamerica, Lincoln, MetLife, ING, Mutual of America, Valic, TIAA and others.
“We are able to invoice and collect benefit premium payments in real time, saving us time, paper and dollars!”
Increase the accuracy and timeliness of benefit plan payments while reducing record-keeping costs.
Contact us to schedule a demo to see how the Who’s Where Solution consolidates data from multiple locations and plans into a single remittance invoice and allows for easy reconciliation between the plan sponsor and plan provider.