Benefits Administration
Benefits administration is the process of establishing, maintaining, and managing benefits for the employees of an organization. Employee benefits typically include medical insurance, pension plans; individual retirement accounts (IRAs), vacation time, sick time, and maternity leave.
Centum provides all of the following essential services:
Plan Design and Documentation
- Comprehensive plan design services to ensure that the client’s pension program is consistent with stated business objectives
- Assistance in plan design and preparation of cost and other financial models
- Preparation of all plan documents, Summary Plan Descriptions and other regulatory materials in cooperation with the client’s legal advisor
- Employee Communications and Enrollment meetings
- Documentation and preparation of Administration Manual
Complete Plan Administration
- Attract the best and the brightest with world-class retirement and insurance plans
- Put you on the road toward achieving higher employee satisfaction – and lower employee turnover
- Get access to better, more affordable benefits for your workforce
- Reduce the time, energy, paper and headcount associated with administering benefits programs
Employee Communications
- Attract the best and the brightest with world-class retirement and insurance plans
- Put you on the road toward achieving higher employee satisfaction – and lower employee turnover
- Get access to better, more affordable benefits for your workforce
- Reduce the time, energy, paper and headcount associated with administering benefits programs
Employee Communications
Accurate and timely participant communications are the cornerstone of a quality retirement program. Our communication services include:
- Customized Plan Summaries
- Timely Participant Account Statements
- Periodic Employee Meetings
- Internet Account Access
Interested in Benefits Administration ? Click here..