- Making HR, Compliance & Benefits Administration Simple
We Make HR Outsourcing, Compliance & Benefits Administration Simple
We Focus on 3 Main Areas of Service that Automate Simplify Human Resources and Benefits Compliance
Employee Benefits Administration
is the process of offering and providing employees with a range of benefits such as HSA, FSA, HRAand COBRAplans. We also include non-discrimination testing 5500 form reporting and are an experienced TPA.
As the healthcare sector continues to become more complex, more compliance is needed. It is not always feasible for small companies to have in-house compliance officers or for larger organizations to be able to afford dedicated staff. ERISA eSolutions offers a suite of products that cover all your needs.
Human Resource (HR) Solutions
HR Solutions are the foundation of any company. It is important for all companies to have a clear understanding of how to make their HR process more efficient and productive. We offer Full Service and Online HRM tools, Human Resource Projects & Training.
From recruitmentto human resource management (HRM) to employeeand leadershiptraining, you spend up to 40% of your day on necessary, but time-consuming Human Resource Management activities. If you are without a Human Resources background, then you are in a risky situation and could find yourself facing an audit by the IRS and/or DOL. Knowing this, we have created online and full-service HRM solutions for every type of company and size. We are a true Human Resources one-stop-shop.
Our One-Stop-Shop Solution consists of full-service HR Solutions or Do it yourself (DIY) Web-based Tools,HR eSolutions and ERISA eSolutions) to simplify the entire Human Resource Management process. When it comes to outsourcing, it’s vital a business knows all the recent compliance changes set by the Department of Labor (DOL). HR Service Team focuses on taking away Human Resource, Employee Benefits and Compliance worries so that you have more time to manage your business and your most important asset, your people.
Employees can contribute $2,750 to a Flexible Spending Account (FSA) which is increased from the 2019 limit of $2,700. The increase also applies to limited-purpose FSA's that are restricted to dental and vision care services, which can be used in conjunction with health savings accounts (HSAs). Funds contributed to the account are deducted from your earnings and are not subject to income and payroll tax-free.
The Consolidated Omnibus Budget Reconciliation Act - COBRA provides the ability to maintain group medical coverage if it is lost due to termination, disability, death of the covered employee or another qualifying event. Reduce your COBRA risk with a leading COBRA Administration TPA. Notices, payments, and carrier enrollment/terms.
The largest benefit of an HSA is the triple tax advantages it offers. Contributions are pretax and reduce your taxable income; your Health Savings Account (HSA) funds grow tax-free; and when used to pay for eligible medical expenses, HSA withdrawals are tax-free. If you have an HDHP, you can contribute up to $3,550 for self-only coverage and up to $7,100 for family coverage into an HSA. HSA funds roll over year to year if you don't spend them.
The IRS requires you to test your benefit plan for Nondiscrimination Testing on a yearly basis. The tests are designed to make sure that the company is treating all of its employees fairly with regard to their benefits package and not giving employees who are highly compensated or in management positions better benefits than their non-exempt employees.
Form 5500 Form Series was developed for employee benefit plans utilization of the 5500 Series forms to satisfy annual reporting requirements under Title I and Title IV of Employee Retirement Income Security Act’s - ERISA and under the Internal Revenue Code (IRS). Under ERISA, the Form 5500 is required on behalf of any welfare benefit plan that: Has 100 or more participants as of the beginning of the plan year.
A health reimbursement arrangement (HRA) is an employer-funded plan that reimburses employees for qualified medical expenses. Employers can claim a tax deduction for reimbursements through the plans, and reimbursement dollars received by employees are generally tax-free.
What our Clients Say
HR Service has consistently helped me with answers to all my tough questions. All I have to do is email or call, and my HR Business Coach has a solution for me almost immediately! I don’t feel like I’m running our HR Department alone. I know that my HR Business Coach and the other staff members at HR Service are there to answer all my outsourcing questions and concerns. If they don’t have the answer immediately, they research and provide me with timely advice for those challenging problems that sometimes hit our HR Department. I feel confident that our company is being run with the most up-to-date, legal information which provides security and reassurance to me and all of our employees. Yes, times ten, I am happy with their services.
Our company has used HR Services for over 5 years for our group business. Austin and his team do an excellent job of answering our questions, providing compliance and other HR-related information, and supplying easy-to-use document templates, Their website is comprehensive and user-friendly for agents and clients. I highly recommend their services.