A Section 125 Plan is one of the most beneficial programs for employees today. It is also one of the most underutilized programs because employees may not understand the plan and how it can be effectively used to pay expenses on a pre-tax basis. A well planned, well communicated program can provide both cost savings and increased employee satisfaction. Prompt payment of claims, a service center to assistance with complex questions regarding Cafeteria Plan benefits accompanied by the latest in technology is the basis for the PenServ125 model.
PenServ Daily125 includes:
- Plan Design Services
- Implementation or Conversion Planning
- Educational Materials
- Enrollment Meetings
- On-Line Enrollment
- 24/7 Online Participant Access
- On-Line Resources for Plan Participants
- Direct deposit of payments
- Debit card convenience available
- Fast payment of claims
- Full Compliance Testing
- Signature-Ready Form 5500 (where required)
- Web Site integrated with other employee plans
- Single input for multiple plan types
- Knowledgeable service professionals to assist with claims
- All participant information protected by secure data transfer