Employee Benefits
Paybridge’s enterprise-smart employee benefits system supports a full range of solutions for benefits administration. Working in tandem with local trusted advisors and benefits specialists, Paybridge helps clients select and administer employee benefits that are appropriate for the organization. Paybridge offers completely customizable benefit management, COBRA administration, Section 125, and retirement integration.
Benefit Management
Paybridge’s enterprise-smart benefit management offers complete integration with business systems, online administration, and enrollment for annual and life event changes. Stay up-to-date with Paybridge— because employer stays current with premiums and employee usage of services, monthly bill reconciliation time shrinks from days to minutes. Eliminate repetitive data entry and mistakes as information automatically populates throughout all Paybridge functions:
- Keep track of current, terminated, and new employees
- Input annual change in carrier premiums
- Maintain up-to-date records with insurance carriers through Electronic Data Interchange
Enjoy freedom from time consuming data entry and management:
- Deductions are updated and happen automatically in payroll
- Employee files are automatically updated with premium changes
- Employee eligibility is tracked and reminder notices sent
- Employees can compare and select insurance plans and designate beneficiaries
COBRA Administration
Paybridge coordinates with your trusted advisor to provide an enterprise-smart approach to COBRA administration by putting it in the hands of experts to help you stay compliant with requirements and avoid liability. Your TPA will take care of paperwork, employee notification, and coordination on premiums with insurance carriers.
Section 125
Save on state, federal, and FICA taxes with Paybridge’s enterprise-smart Section 125 solution. Paybridge puts administration in the hands of experts to help you stay compliant with requirements and avoid liability. Paybridge’s HSA option:
- Allows tax savings
- Works as a personal retirement-supplement savings account
- Enables employers to benefit from lower health care premiums associated with high deductible plans
- Eliminates the need for employee to predict exactly on expenses or else lose the money
Retirement Integration
Paybridge’s enterprise-smart retirement integration fuses payroll with retirement record keeping. Electronic integration of payroll census data with TPA saves time and helps ensure timely plan compliance testing for signature-ready 5500 submission.
Paybridge’s electronic integration of payroll with record keepers means contribution files move automatically each pay period to fund selections—each participant's money starts working immediately in their 401(k).