Pre-Tax Benefits Administration

As a third party administrator (TPA), S&A helps employers to alleviate the rising cost of employee health benefits through implementation of pre-tax benefit plans,including:

• Section 125 Cafeteria Plans, such as Premium Only Plans (POPs) and Flexible Spending Accounts (FSAs) for healthcare and Dependent Care Assistance Program (DCAPs) for dependent care expenses;
• Section 105 Healthcare Reimbursement Arrangements (HRAs).

Establishing and implementing these types of plans is not expensive or difficult, and in view of the savings that result from payroll taxes for employers and increased take-home pay for employees, the gains often outweigh the costs.Whether you’re a small company ready to implement a new plan, a mid-sized organization ready to move your established plan to S&A, or a broker looking to enhance your value-added services for your clients, S&A manages all aspects of pre-tax benefit plans, including:

• Plan design – S&A works with you to tailor the plan to your specific needs and employee demographics.
• Document preparation – Some documents you find online are just templates; no fill in the blanks here. We prepare and furnish ERISA-approved plan documents designed to incorporate parameters determined during the design phase.
• Education & instruction – S&A conducts open enrollment meetings and facilitates individual consultation to assist with the communication and rollout of your benefit plan. We also provide resource booklets for each plan participant.
• Enrollment and claims processing – We faciliate open enrollment and plan setup, and we securely maintain all related records, physically and electronically. All claims are reviewed and processed directly through the S&A office based on your timeline (i.e. weekly, monthly). Employers and plan participants enjoy online access to enrollment and claim forms.
• Debit card feature – S&A offers a benefit card option for FSAs, where plan participants use an issued MyBenny™ card to pay for allowable medical expenses at the point-of-sale. Participants can access real time account balances online.
• Reporting – We understand the importance of reporting, especially with employer-funded plans, and that’s why we provide you with plan activity reports on a regular basis.
• Compliance & testing – S&A not only guarantees strict government compliance during plan development, we also monitor plan compliance throughout the shelf-life of the plan, including annual discrimination testing. We keep a close watch on all compliance regulations mandated by the IRS, and we take the time to communicate those changes and furnish timely amendments to your plan documents.

And the best part? Your success is important to us. And that means taking care of your employees. We understand how cumbersome benefits can seem, so we do everything we can to breakdown that barrier. The best way to do that is to offer our expertise to your employees. Always friendly, helpful and resourceful, S&A benefits specialists strive to personally and confidentially address every inquiry.