Your Challenge in 2013• Customers expect excellent but simple benefitsadministration from you• Payroll processing without benefits administration isa losing product offering—A Dinosaur• The “big boys” offer benefits, and you will continue tolose market share if you do not or do not do it well– This loss of share will only continue during the nextdecade• Tighter margins mean that you need to find newrevenue streams
Your Challenge in 2013 (contd.)• Many benefits administration solutions are notdesigned for medium-sized and smaller customers• Many solutions are not flexible in terms ofadministrating customers in multiple states withmultiple benefits packages for different types ofemployees• Maintaining a regulatory compliant solution that is up-to-date with current technology is expensive andcumbersome
How We Can Help You• An easy to implement solution that is simple for:– The payroll processor– The client administrator– The employee user• A solution that is and will continue to be compliantwith regulations and up-to-date• A solution that is currently live and tested with payrollprocessors and third party administrators• A solution devised to be cost effective, and geared tomiddle market and smaller clients
Flexibility—Your choice• Partner option– We administer and implement– Your clients know they are working with Elect• Private Label option– We are responsible for the ongoing maintenance and updates– Your working relationship with Elect is invisible to your clients– You and client take over administration• Software licensing only– You license our software– We work with you on implementation, but ongoing maintenance is yourresponsibility
Why We Are Different#1. We are experienced “roll up your sleeves” benefitadministrators by practice.- Over 90 years combined experience in benefitsadministration and HR (solutions, compliance, trustedAdvisors)#2. We are experienced benefit administrationtechnologists and systems implementers.- Played key roles in the design, development, marketing andgrowth of proprietary benefits administration and HR solutionsin the USA
Why We Are Different#3. We have taken best practices and lessons learnedfrom every sector of industry.- F50, F100, F500, F1000, SMB- Over 1,500 plan designs implemented#4. We support Benefit Administration Providers--Period!