Benefits Administration

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

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..