Products September 4, 2002
New Benefits Administration Services Announced
(PLANSPONSOR.com) - Colonial Supplemental Insurance
says its new Employer Services benefits administration
service package may save companies time and money -
particularly smaller firms with a limited HR staff.
Reported by Fred Schneyer
Colonial said that the package includes:
- electronic billing through a Web site,
- benefits enrollment and personalized statements for employees
- an online benefit reference center with information on tfederal benefits laws such as the Family Medical Leave Act,
- administration of pretax payroll deduction programs, including personalized plan documents for employees, help with government nondiscrimination testing, and employee communications materials, and
- administration of flexible spending accounts, which allow workers to set aside pretax dollars to help pay for dependent care and medical expenses.