Providing employee health benefits is a vital element to retaining your most valued asset, your employees. Your benefit enrollment process should not be a pain to manage. Imagine a single platform in the cloud that collects critical data, manages compliance and reduces errors. Get rid of those forms and spreadsheets, your HR dream come true!
- Paperless enrollment process is a breeze. A user friendly interface will offer you more engaging and intuitive benefits enrollment experience. Your employees will navigate through a step-by-step benefit enrollment process, driving up employee engagement and usage.
- Workflows can be set up to have the system manage your information and dates. You will be able to structure benefit enrollment welcome messages while easily attaching important benefit documents for employees to review and acknowledge. No more missed deadlines!
- Connect directly to carriers Through our system you connect directly to carriers providing a paperless maintenance of your new hire enrollments, qualifying event changes and annual enrollment data.
With the passage of the Affordable Care Act, businesses are required to track, maintain and report on data in new and complicated ways. ACA adds complexity because the compliance data currently exists in non-integrated solutions. With our integrated platform, you will be prepared to respond to compliance issues NOW, before the IRS comes knocking at your door. SDP will prepare and file the 1094(c)/1095(c) for employers that are utilizing our solution.
401(k) is no longer an optional benefit. The hurdle for most businesses is to put together a plan that is up-to-date, easy to use and affordable. Today whether your company pays to sponsor its own 401(k) plan at an outside financial provider. SDP is committed to helping you remain compliant and ahead of the curve for audits. As 401(k) plans are increasingly scrutinized by the Department of Labor, and the DOL EBSA fines a reported 75% of plans it audits, we aim to help you lighten your workload by keeping you posted on trends in effective 401(k) plan management as well as a 401(k) outsourcing option and solution.The SDP 401(k) plan overcomes these hurdles for you with our plan design, investment options and service.