HR XCEL - Benefits Administration Outsourcing Proposal

"HR XCEL provided the expertise we needed to address the challenges of merging the benefits of two large, statewide, nonprofit organizations. Since January 1, 2004, our staff has increased by almost 50 percent. Handling the increased benefits workload ourselves would have required hiring additional staff. By using HR XCEL, we can continue to focus on what we do best." Designed To Help You Focus On People Work, Not Paper Work Today, more than ever, executive management teams are looking to their Human Resource departments to be strategic partners. At the same time, Benefits Administration grows more complicated and time-consuming by the hour. As a result, HR departments are being distracted from strategic initiatives by the day-to-day administrative aspects of their job. Benefits Administration allows you to grow your business by re-allocating the financial and human resources currently devoted to your internal HR infrastructure. These resources can be redirected to sales, production and other areas that contribute more directly and significantly to the growth and profitability of your core business. Outsourcing your Benefits Administration to HR XCEL gives you access to the expertise of veteran HR professionals.

Retirement Benefits Administration Outsourcing Company

HR XCEL is an exceptionally experienced provider of comprehensive Benefits Administration Services. We offer Benefits Administration with one-on-one employee support. Instead of the large call center model that other benefits outsourcing companies use, each HR XCEL Benefits Administration client has a client services management team working for them.

HR XCEL can relieve you of the burden of technical, legal and compliance issues. From enrollments to terminations, we can handle all of your Benefits Administration needs, at considerably less cost and risk than keeping them in-house.

HR XCEL Benefits Administration Services Include:

• Process all new hires for benefit plan participation in accordance with eligibility requirements of specific plans
• Communicate all benefits administration plan information to employees, including mailing plan information and materials to employees’ homes
• Provide government compliance support, including:
  • Coordinating 5500 preparation
  • Coordinating discrimination testing to ensure compliance
• Maintain employee benefit files in accordance with appropriate requirements, including ERISA, HIPAA and DOL
• Reconcile and audit monthly insurance / benefits invoices
• Interface directly with insurance carriers and payroll system to ensure timely and accurate data maintenance for benefits administration
• Provide Employee Benefits Administration Support Center services including:
  • Assisting employees with questions about their benefit packages
  • Assisting terminated employees in obtaining HIPAA Certificates of Creditable Coverage from carriers
  • Provide enrollment options via web and/or call center and/or paper for benefits administration
• Manage benefits administration for retirees
• Provide access to your data via web-native HRIS

HR XCEL offers Benefits Administration Outsourcing, Business Process Outsourcing and strategic Human Resource solutions, including HR Outsourcing, Benefits Administration Services, Compliance Services, COBRA Administration, Flexible Spending Account, Family Medical Leave Act, Employee Relations, Payroll Solutions, Time and Attendance Solutions, HR Information Center, Benefits Administration and Human Resource Software.

Why is Outsourcing your Benefits Administration a good idea?

IT services is still the most frequently outsourced service. However, outsourcing of benefits administration is rapidly increasing. With the number of growing challenges facing companies today, benefits administration is a time consuming obstacle that can take time and resources away from the company’s core focus. Cost is one issue but outsourcing benefits administration also affects other company aspects. Outsourcing takes advantage of the expertise of others and frees up a company to focus on day-to-day tasks. Many companies claim to see the improvements to their daily processes immediately when they no longer have to focus on delivering benefits administration. There are a lot of reasons that make outsourcing a great idea.

Cost Efficiency

One of the first reasons that companies look to outsource their benefits administration is to be more cost efficient. Benefits outsourcing can be a great solution for cost savings. Your benefits administration will be in the capable hands of experts who can help you reduce costs. You will also be able to avoid the cost of hiring and training new employees.

Resources

With so many things going into benefits administration management, outsourcing benefits makes sense. Companies may not have the employees, expertise, equipment, or time to effectively handle a company's benefits administration. Outsourcing your benefits allows you to feel confident that projects will be handled immediately.

Day-to-Day Business

With benefits administration outsourcing your business will alleviate a time consuming task that could be cutting into other work. Outsourcing benefits administration creates more time to focus on your business' core. The result is higher quality and more accurate work. Employees are not stretched thin and your benefits administration is being handled as the main focus of an outside party.

Those are just three of the primary reasons for outsourcing benefits administration. Of course there are a lot of other reasons including:

• Greater flexibility with benefits administration outsourcing
• Higher quality of benefits administration service
• Gain knowledge and innovative suggestions
• Increase credibility
• Variable costs instead of fixed costs
• Business opportunities
• Benefits administration outsourcing can help you avoid the danger of possible tax penalties

Benefits outsourcing is a viable option for any company regardless of the size of the company or the industry. Benefits administration is a challenge that every company needs to address. By outsourcing your benefits you can eliminate that challenge. Look to the experts and choose HR XCEL for all of your benefits administration outsourcing needs.

Contact Us at 888-477-4310