Additional Benefits Services Available

ADP Workforce Now™ also provides benefits solutions related to the effective administration of Flexible Spending Accounts (FSA), 401(k) Plans, and Commuter Benefits.

Flexible Spending Accounts (FSA) Administration

Flexible Spending Accounts enable eligible employees to pay for certain medical and dependent care expenses with pre-tax dollars. Contributions are deducted from participants’ paychecks each pay period before calculation of federal income and Social Security taxes. As a result, employees’ income taxes are reduced, they benefit from increased take-home pay, and pay no taxes on FSA reimbursements.

• Payroll integration – Participant contributions are deducted and deposited as part of ADP’s payroll processing service.
• Enrollment support – ADP provides standard enrollment and claims forms, plus enrollment brochures and welcome materials for new participants.
• Daily claims processing – Once a claim has been approved, the request for payment is processed the same day.
• Flexible payment options – Reimbursements may be paid by check, direct deposit, or stored value card.
• Quarterly participant statements – ADP provides quarterly participant account summary statements with customizable messages.
• Plan activity reports – You’ll receive comprehensive summary account statements and annual forfeiture reports.
• Self-service website – Both you and your participating employees can access pertinent account information online.

COBRA Administration

COBRA is complex, and non-compliance can be costly. Fines of hundreds of dollars per employee can be assessed for every day that your organization is not in compliance with the rules. Is that a risk worth taking? Our experience in COBRA administration helps ensure your company's compliance with complex regulations.

• Turn to ADP COBRA Services to help mitigate that risk. When ADP acts as your COBRA administration provider, you no longer have to commit your company's time, personnel and other valuable resources to managing the intricacies of COBRA. ADP COBRA Services include:
• Distributing notifications, correspondence, election packets, and COBRA termination notices as required by law
• Maintaining qualifying events and HIPAA loss-of-coverage data on-line
• Processing election forms, and tracking key dates to help ensure accurate and timely responses to COBRA administrative requirements
• Providing HIPAA Certificates of Creditable Coverage (optional)
  

401(k) Administration

One of today’s most valued employee benefits is a 401(k) plan. ADP’s comprehensive defined contribution plan offers diversified investment options, professional trustee services, detailed record keeping, and up-to-the-minute employee communication. The ADP 401(k) plan is a comprehensive package, from initial plan design and enrollment through investment options, record keeping and testing. Features of the plan and its administrative services include:

• Payroll integration – Participant contributions are deducted and deposited as part of ADP’s payroll processing service.
• Enrollment materials and support – ADP provides customized enrollment materials to eligible employees and on-site enrollment specialists where needed. Enrollment kits are available in English and Spanish.
• Investment options – Choose from two distinct investment portfolios, each of which offers investment options from conservative to aggressive.
• Participant communications – Participants have access to a toll-free interactive voice response system and secure website for account updates and a variety of retirement planning tools and resources.
• Quarterly participant statements – Participants receive personalized quarterly statements with account balances and transaction details.
• Plan activity reports – These monthly reports summarize all 401(k) plan activity.

Commuter Benefits Administration

ADP helps you implement, administer and support a qualified pre-tax transit benefits plan, including:

• Your choice of manual processing or an online commuter benefits service
• Automated payroll deductions
• Web access to ADP service and support
• Secure access to plan participant information

One call for all your needs. One access point for all tools and services. One partner to coordinate it all.

To learn more, Contact us or call 1.800.CALL.ADP, ext. 411 (1.800.225.5237, ext. 411).