Benefits Administration

Offering employees a steady job and decent pay are no longer enough for businesses to thrive in a competitive job market. However, a comprehensive employee benefits plan can help you recruit and retain key talent to solidify your status as an employer of choice. As an additional advantage, offering group benefits can boost employee productivity and retention.

Unfortunately, benefits administration is often a time-consuming and complicated endeavor. In fact, creating and maintaining a group benefits plan that works for both you and your employees is complex. The multi-faceted components of benefits administration is typically not something that small and mid-sized businesses have the resources to manage on their own. Beaty Insurance has offered benefits administration services for decades and we are proud to serve you and your business.

Consider the various components of benefits administration and the time and manpower each step entails:

  • Carrier evaluation
  • Voluntary needs analysis and market study
  • Request for proposal (RFP) creation
  • Annual plan review
  • Claims analysis
  • Strategic planning
  • Benchmark comparison
  • New employee administration
  • Employee enrollment meetings
  • Retirement plan administration
  • Carrier communications
  • Employee communications
  • Wellness campaigns

In addition to the time and effort required to administer group benefits, also consider the levels of compliance knowledge and legislative expertise required to ensure that your plan operates within proper legal parameters of the following laws governing employee benefits:

  • Health care reform
  • The Consolidated Omnibus Budget Reconciliation Act (COBRA)
  • The (Health Insurance Portability and Accountability Act of 1996 (HIPAA)
  • The Family and Medical Leave Act (FMLA)
  • Internal Revenue Code Section 125
  • Medicare Part D
  • Internal Revenue Code Sections 6055 and 6056 reporting
  • The Fair Labor Standards Act (FLSA)

Benefits administration is a time-consuming effort that many HR departments don’t have the internal resources to manage. At Beaty Insurance, we are happy to utilize our decades of industry experience to take some of the burden off the shoulders of HR professionals so you can concentrate on more important things! Contact our office at 409-886-1351 or fill out the form on this page for more information about how our agency can help you.