The Monaco Benefits Group, L.L.C.
specializes in Outsourcing Benefits Administration and Automating Benefits Administration. We administer all benefits with a one source data entry system utilizing an internet based program that is accessible twenty four hours per day seven days per week. Our primary objective is to reduce your risk and increase compliance while we eliminate the tedious mundane paper pushing tasks that have overwhelmed HR departments all year long, especially during open enrollment periods. Try to imagine a paperless administration system where you enter a new employee’s information only once and being able to populate all benefits while terminations are as easy as pushing one button.
Regardless of whether you choose the Outsourcing option or the Automation option there are many advantages for you and your company to move to our paperless benefits administration system:
- Automatic Free Upgrades:
- Speed:
- Access 24/7:
- Automated benefits on-line:
- Control:
- 401(K) Access:
- Complete Reporting:
- Start to Finish Employee Records:
- No Seven Year Record Retention:
- Training:
- Ease of Use:
Details:
Automatic Free Upgrades: The monthly per employee fee includes system upgrades as technology, legislative, and benefit changes occur. In addition there is no downtime for IT or any other employee; it is all done for you.
Speed: All updates are done real time, as the changes for or by the employees are made. A change in one area will populate all forms or documents with the same information, and will automatically notify the appropriate people. For example, an address change made by an employee will automatically be changed in the benefits area and in payroll, with notices being sent to the appropriate supervisors.
Access 24/7: Employees and managers will have access to the system via the web, anytime, anywhere. If an employee forgets to change an address, wants to discuss the open enrollment benefits with his spouse, or change his 401(K) fund contribution; it can all be done from home, if desired.
Automated benefits on-line: Benefit enrollment and changes are all done on-line with links to providers’ web sites. This is true for both new employee enrollment or for open enrollment periods.
Control: You control the features and what subsidiaries or divisions may input or have access to information. For example, employees in different parts of the country may have different benefits therefore the embedded intelligence would only permit you to access benefits available to them.
401(K) Access: 401(K) enrollment, account management, fund performance, even tracking loans and payments made on loans are available twenty four hours per day seven days per week.
Complete Reporting: Get the reports you want, when you want them. Pre-designed and customizable reports, ready to merge any available data in the system. Saves time and money on any report from time intensive items such as medical benefit bill reconciliation to simple benefit census information.
Start to Finish Employee Records: Employees are tracked from hire to termination, including COBRA and HIPAA letters for new and terminated employees. Also included is a complete COBRA notification, billing, and collection feature.
No Seven Year Record Retention: Record retention is on-line, with complete access anytime. This will eliminate the need for off-site storage facilities in the future as all information is archived.tio
Training: Is included and formatted to your specific needs with a system that is intuitive and easy to use.
Ease of Use: The Paperless product is available to link with any existing technology or database, including payroll systems, time clocks, or HRIS.
Depend on the 29 years' insurance experience of Monaco Benefits Group, LLC Florham Park, NJ, for 401(k) plans and other employee benefits that save you time and money.
Frank M. MonacoMonaco Benefits Group, LLC
171 Ridgedale Avenue
Florham Park, New Jersey 07932
Frank@MonacoBenefitsGroup.com
