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By: Peter Poletti

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Administering Benefits Functions & Features

Benefits are generally handled by a third-party insurance firm (e.g., Cobra). The benefits administration functionality provides administrators the ability to manage employee benefits through the use of a third-parties' software or system. Benefits administration includes accessing and imputing new employee records, changing an existing employees' record, as well as cancelling a terminated employees' benefit profile.. Administering Benefits Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

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The Administering Benefits Functions & Features comprise the following elements:

  • Flexible benefits program, including adherence to US 415(c) section 125

    In conformity with code US 415(c) section 125, users can opt for a flexible benefits program defined by the company (for example, what amount of pre-tax money can be put into a savings account to be used for certain medical expenses) Flexible benefits program, including adherence to US 415(c) section 125, Administering Benefits Functions & Features

  • Defines and maintains general credits and plan-based credits

    Defines and maintains general credits and plan-based credits, Administering Benefits Functions & Features

  • Defines employee program participation eligibility rules

    A company uses eligibility rules to determine the participation of its employees in benefit programs and plan combinations. Employee type, status, age, union membership, company unit, years of service, age, and work hours are all variables which can affect participation. A system should be able to code different programs governed by different rules which can then be applied to new hires. Defines employee program participation eligibility rules, Administering Benefits Functions & Features

  • Specification of health plan criteria using postal or zip code ranges

    Sets a postal code or a zip code range to determine employee health plan eligibility based on employee residence. Specification of health plan criteria using postal or zip code ranges, Administering Benefits Functions & Features

  • Creates customizable employee enrollment forms and confirmation statements

    Generates enrollment forms on maintenance activities. Maintenance events may include new hires and changes in family or employee status. Should include options for different benefits plans. Creates customizable employee enrollment forms and confirmation statements, Administering Benefits Functions & Features

  • Multiple benefit options such as health, life, disability, retirement plans, accidental death and dismemberment, gifts, and awards

    Multiple benefit options such as health, life, disability, retirement plans, accidental death and dismemberment, gifts, and awards, Administering Benefits Functions & Features

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Functions and Features