The ComplyPRO Enterprise full service option is very simple. You outsource to us and we do all the work.
This approach, where our anayst takes over and drives the Compliance effort, is used most often by those companies that do not have the resources or the expertise to manage compliance. In some cases the company has a complex benefit environment that requires special hands on support by an expert. This support is provided for a full year at a cost that is less than you would pay for an hour of Cafeteria Plan consulting.
How it works
After you purchase your subscription; an analyst is assigned to your account.
After you provide some initial information our compliance analyst takes over and handles all of the compliance requirements on an outsourced basis.
The analyst will work directly with your organization to define your needs and then put together a plan to accomplish compliance. The responsibility for managing the compliance effort, receiving data, sending out HIRD forms, communicating with the Connector is outsourced directly to Complete Comply in the same way as your accountant would prepare your tax returns.
The Cost for a ComplyPRO Enterprise full service subscription:
There are 2 components to the Full Service Subscription cost
• Monthly Subscription Fee of $50 (billed on a monthly basis via CREDIT CARD or paid in full up front at a discount i.e. $495.00)
• Per Employee Fee of $25* for managing the compliance effort for a particular employee who must receive and complete a HIRD Form (This fee will be charged only for those employees not in your organizations sponsored healthcare plan).
*
For first 100 employees per year
$25 per employee
From 101 to 200 employees per year
$20 per employee
From 201 to 500 employees per year
$15 per employee
Over 500 employees per year
$10 per employee
An Example of Per ee usage costs:
If a company had 30 employees who were eligible for HIRD forms (not in your company Health Plan) the cost would be $750 (30 X $25). If a Company had 125 employees who received HIRD Kits the cost would be $3,000 per year (First 100 X $25, the 25 X $20). Note: These costs are in addition to the monthly subscription of $50 and are all inclusive. Even if we send 5 Kits to an employee and a follow mailing the charge is $25 per employee.
What are the steps in the Full Service Process:
There are 3 Phases that are managed by the BCA Analyst assigned to your case. They are covered briefly below; for a more detailed explanation follow the link in each section
In this phase all of the requirements for compliance are obtained, including some general information on your organization. You can provide this information either on a BCA web page or on a paper form that can be faxed or mailed to our office. BCA will review the information you submit and explain the process and answer your questions during a phone call or meeting. more
The activities necessary to compliance such as Cafeteria Plan document preparation, the distribution of employee communication materials and providing data to the Commonwealth of Massachusetts and the Mass Connector are initiated. more
Compliance is not a one time event; it is a continual process. There are tasks to be performed as new employees are hired, plan effective dates approach and when information is required by the Commonwealth. Each of these tasks requires scheduling and initiating various activities all during the year. more
