Retirement Plan

Testimonials

“We were attempting to navigate the waters of the ever-evolving Affordable Health Care Act. My company, Human Technologies, Inc., went from offering comprehensive medical to about 300 employees to being required to provide it to over 2,000 each month. As we waded our way through this process for the first year, gaining lessons learned and new methods, we knew we needed some additional assistance. This team made the entire transition process seamless. Our internal timeframe was frenzied, frustrating, and challenging. However, each step of the way showed us what a fantastic partnership we could have with them. Our group was more easily able to maintain auto-enrollment through the BenefitElect system. This process allowed us to ensure compliance with the rapidly changing laws while allowing our employees to have a healthcare plan when they forgot to sign up for themselves. We went from paper forms for every employee who started (over 10,000!) to online and over the phone elections. Our internal team went from looking at individually completed documents to completely customized reporting that we could pull at any given time. The difference was phenomenal. We have not looked back, and we don’t want to. We appreciate the automation of the system, coupled with the personal touch they provide. We have developed a fantastic partnership with this company. We are excited to see what innovative solutions they will come up with next.”

Megan Hoover, Team Lead, Compensation and Benefits, Human Technologies, Inc.

Auto-Enroll has been a great program for our organization. It has saved us from the ACA penalty and kept us compliant with the regulations set forth by the ACA. It can be difficult to prove to that you complied with the numerous regulations under the ACA, with auto-enrolling employees, we have ensured that we stay compliant and prevent any possible negative repercussions. Auto-enroll is a great tool and our providers and BenefitElect make it extremely easy to navigate. The process is simplistic and takes up almost no time on our end to accomplish. BenefitElect has created an extremely helpful management process for auto-enroll. I am truly glad we have BenefitElect as our benefit administrator to help us navigate the auto-enroll process for all of our employees.

Americo Teran, Assistant Manager of HR, Forge Industrial Staffing

401(k) Retirement Plan

With a 401(k) Retirement Plan, you can save money for your retirement on a tax-deferred basis. That means you don’t pay federal or state income taxes on your savings or investment earnings until you withdraw the money at retirement.

In most cases, your taxable income – and therefore, your tax rate – will be lower during retirement than employment, so you will end up paying considerably less in taxes on your savings.

Because [Company Name] wants to help you reach your retirement goals, [we’ll match 33% of the first 6% of the contributions you make to your 401(k).] You can call or go online at any time to make changes to your deferral.

See the Benefits Guide or benefits summary for detailed information.

Find out how you can get the Advantage

EmployerAdvantage
Chris Lonergan
(541) 323-1211
clonergan@benefitelect.com

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