isolved Benefit Services makes the complex task of managing workforce benefits easier and more efficient for your clients. They work hand-in-hand with you to ensure that your clients' participants have the information they need to properly and efficiently manage benefit selections.
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COBRA
Without a properly managed compliance program, your clients can open the door to possible IRS excise tax issues, ERISA penalties, litigation, and becoming self-insured for claims. Our isolved subject matter experts can turn complex rules and regulations into answers that are practical and understandable
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Non-discrimination Tests
If your clients offer a Flexible Spending Account (FSA), Premium Only Plan (POP), Health Reimbursement Account (HRA), or a self-funded health plan 105(h), the IRS requires them to conduct non-discrimination testing once a year. Alleviate this burden for your clients as a Network partner through isolved Benefit Services.
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ERISA
As a PEO or ASO, you understand that failure to comply with the strict regulations under ERISA can result in hefty fines and that remaining current with these ever-changing rules and requirement is a full-time job. isolved Benefit Services offers ERISA wrap document services to help simplify compliance with ERISA rules related to plan documents and summary plan descriptions (SPDs).
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Flexible Benefit Accounts (FSA, HRA, HSA)
Flexible benefit accounts give your clients and their employees opportunities to save on taxes or simply get creative in some of the benefits an employer offers. Administering these accounts can be time consuming and complex. isolved Benefit Services provides comprehensive account-based administration to maximize employee experience and benefit reimbursements.