Benefits Administration

While salary is an important component of attracting and retaining quality employees, you have most likely seen your benefit offering become increasingly more important over the last several years. By offering the right mix of benefits in an easy to understand format, you can make a difference in your ability to recruit, motivate, and maintain your most important resource – your employees.

AHP is here to assist you with the design, implementation, and on-going support of a plan that addresses the unique needs of your business and employees. Our depth of experience and commitment to providing highly trained professionals means you can count on us to meet your needs and exceed your expectations.

Services

• Plan Design and Evaluation
• Plan Set-Up and Administration
• Plan Implementation
• Enrollment Meetings
• Nondiscrimination and Compliance Testing
• Preparation and Review of Form 5500
• Guidance on Plan Alternatives
• Assistance with Current Tax Issues and IRS Examinations

Plan Options

Cafeteria Benefit Plans, Premium Only Plans, Flexible Spending Accounts

Sometimes referred to as flexible benefit plans, cafeteria benefit plans are defined under Section 125 of the Internal Revenue Code for the purpose of allowing employees to pay for certain benefits with pre-tax dollars. Expenses such as dependent and child care, un-reimbursed medical expenses, and insurance premiums can be paid through these plans with wages that have no federal, social security, or state taxes deducted which reduces the overall tax burden on employees and employers. The added benefit is that the employees take part in their benefit package design.

Employers are faced with the difficult task of providing benefits to employees in a cost effective manner. With health insurance premiums and other costs on the rise, working with the AHP benefit specialists can mean the difference between an attractive benefits offering and having to eliminate coverages to cover costs.

401(k) Plans, Safe Harbor Plans, Profit Sharing Plans

We all hope to retire with enough income to maintain our standard of living. Without income from active employment, we look to Social Security, personal savings, and employer-provided pensions to cover living expenses. There is no better way for a company to accumulate a substantial nest egg for its loyal employees and working owner than to establish a tax favored retirement plan. Advantages of such a plan include:

• Company tax deductions
• Tax credits for new plan start-up costs
• Higher contribution limits than those for IRAs
• Tax-free contributions until distribution
• Tax-free accumulation of earnings

Proper retirement plan design should begin with a review of the strategic goals of the organization. Employee demographics must be considered along with a comparison of the costs and benefits of available options. The plan must also follow strict guidelines in order to be in compliance with the Employee Retirement Income Security Act (ERISA) set by the Department of Labor (DOL) in the Internal Revenue Code.

A well designed employee benefits plan can provide employees with the tools to build a financially sound future and can assist you in recruiting and retaining your most valuable resource – your people.

Benefits Administration services provided by AHP Benefits L.L.C.

Additional Services

For more information on the full suite of professional investment services offered by AHP Financial Services Click here

For more information on our Retirement Plan Audit services Click here

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