Human Resource Services
Whether you are a small business or a company with over 1000 employees, BenePAY can support your payroll and human resource needs. If you’re looking for an easy-to-use yet powerful HR solution we have the software for you. From simple tracking to robust reporting, and employee self service, our software will help you manage your HR processes from hire to retire. Payroll and HR are fully integrated which will save you time and money while preventing errors caused with duplicate data entry.
In addition to our payroll and HR software solution BenePAY also offers a wide range of human resource administrative and compliance services. These enhanced service offerings include; Section 125 POP/FSA administration, 401K Administration, State Unemployment Management, Workers Compensation payment program, Social Security verification and background checks.
“Analytical software enables you to shift human resources from rote data collection to value-added customer service and support where the human touch makes a profound difference.” - Bill Gates
|
|
|
Additional HR Services
S125 Premium Only Plans / Flexible Spending Accounts
BenePAY will help your company establish a Section 125 Cafeteria Plan and provide on-going Administrative Support. We offer both Premium Only Plans, and Flexible Spending Accounts.
What is Section 125?
- The US Congress created Code section 125 in an effort to make benefit programs more affordable for employees.
- Section 125 is part of the IRS Code that allows employees to convert a taxable cash benefit (salary) into non-taxable benefits. Under a Section 125 program you may choose to pay for qualified benefit premiums before any taxes are deducted from employee paychecks.
- The Section 125 program is a tremendous opportunity for you to enhance your benefits package.
- The Premium Only Plan is the building block of the Section 125 Plan. It allows for certain employee paid group insurance premiums to be paid with pre-tax dollars. The qualified premiums (if offered by employer) are:
|
Health Prescription Dental Vision Disability (not recommended) |
Employee Group Term Life (up to $50K) Cancer Medicare Supplement Hospital Indemnity Accident |
POP/FSA - Flexible Spending Account (FSA) Plans permit you to pay for certain healthcare and dependent care expenses with pre-tax money. Because you will not pay any state, federal, or social security taxes on income placed in the plan, you can potentially save up to forty or even fifty dollars for every $100 you elect to defer. Total savings will depend on your state and federal tax brackets.
401k Administration
The services provided include but are not limited to the following areas:
- Design, development, and installation of tax-qualified retirement plans.
- Review and consultation of existing retirement programs.
- Administration of retirement programs including discrimination testing, processing of participant distributions and loans.
- Preparation of governmental required filings - PBGC, 5500, 1099-R, all schedules, and actuarial certifications.
- Assistance with Internal Revenue Service and Department of Labor audits.
- Determination of - benefits, asset allocations, and governmental agency filings upon plan termination.
State Unemployment Insurance (SUI) Administration
Managing State Unemployment Insurance (SUI) is a complex, time-consuming task that is most effectively done proactively. Attention to detail is a must! At BenePAY, you will be working with our experts to complete SUI administrative services from payroll tax filing to claims administration. Specific features of the service include:
- SUI tax administration - calculate, deposit and reconcile your SUI payroll taxes.
- Claims administration - process and file responses to all unemployment claims, making sure that all paperwork is completed accurately. In addition, we will provide you with information and guidance to help you avoid unnecessary SUI charges.
Workers' Compensation Pay-As-You-Go
Tired of those large up-front and year end payment surprises? Our pay-as-you-go service helps you avoid these common issues with workers' compensation insurance.
By integrating our service with your company's payroll information, we can calculate the workers' compensation costs per pay period based on actual wages, as opposed to estimating. We can then send the payments, electronically, to one of our workers compensation insurance partners or the agent you may already a relationship established!
Social Security Verification
The Social Security Number Verification Service ensures you a match between employee names and Social Security numbers (SSNs) with Social Security records before preparing and submitting Forms W-2. Making sure names and SSNs on the W-2 match is important because unmatched records can result in additional processing costs for you and uncredited earnings for your employees. Uncredited earnings can affect future eligibility to (and amounts paid under) Social Security's retirement, disability and survivors program.
Background Verifications
Provides highly customized, pre-packaged and automated screening solutions to meet the needs of small and medium-sized businesses across all industries.
Provides comprehensive employment screening solutions for businesses of all sizes. We offer both instant online employment screening services and highly configurable custom solutions all designed to meet your specific needs for screening efficiently, affordably and accurately. And our flexible, scalable platform allows you to quickly integrate with other HR applications, providing an end-to-end solution that automates and streamlines your hiring process. Learn More!