Employee Benefits2017-03-31T16:38:38+00:00

EMPLOYEE BENEFITS MANAGEMENT

EMPLOYEE BENEFITS

Medical/Dental/Vision

  • Process, prepare, separate and ship employee payroll
  • Collect, report and pay all employee taxes (Federal, FICA, Medicare, State and Local)
  • File monthly and quarterly federal and state returns
  • Process court orders. Collect and pay employee Friend of Court and garnishment payments
  • Maintain all payroll records
  • Maintain personnel files
  • Process New Hire reporting required by the State
  • Provide workers compensation insurance
  • Provide State and Federal unemployment insurance
  • Provide resources for payroll time keeping program

With decades of experience, Midwest Management adheres to best practices methods of structuring, analysis, decision-making and communication.

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PAYROLL MANAGEMENT
EMPLOYEE BENEFITS
HR MANAGEMENT
BUSINESS MANAGEMENT

401(k) PLAN

  • Maintain Plan Document and IRS Favorable Determination
  • Coordinate and present 401 (k) Informational and enrollment meetings
  • Process enrollments/changes
  • Deduct contributions from employees each pay cycle
  • Wire contributions and documentation to Plan Administrator
  • Provide Summary Plan Description
  • Assist employees with 401K Web site
  • Process employee loan requests
  • Administer loan payments
  • Process terminated employee distributions
  • Assist employees with rollover transactions
  • Provide free counsel with licenses securities broker
  • Complete annual compliance testing
  • Complete annual government reporting
  • Provide annual independent audit of plan
  • Handle employee questions and problems

Payroll Deduction IRA Program

  • Administer IRA program for employees waiting eligibility in 401 (k) or in addition to 401 (k) Plan

Flexible Spending Plan

  • Maintain Plan Document
  • Conduct annual compliance audit
  • Process enrollments
  • Collect contributions from employees
  • Maintain employee accounts
  • Process and issue reimbursements
  • Review all reimbursements to assure compliance to avoid any issue employees may have at IRS audit

Client Flexible Spending Plan

  • Process enrollments
  • Interact with Company on employee/Client behalf
  • Collect contributions from employees
  • Remit contributions and documentation to Company
  • Process and pay Company quarterly billings
  • Track Client liability
  • Check all terminating employees for Company participation to avoid Client liability for uncollected balances

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