The Empower Express Benefit Management Solution saves countless hours for Human Resource and Benefits professionals by eliminating stacks of requests and piles of paperwork. It also decreases the costs associated with managing a geographically diverse work population. With Empower Express Benefit Management Solution, employees can use the Workforce Portal to review benefit information whether in the office or at home on their own PC eliminating the need to contact their internal HR/Benefits professionals. Corporate, individual, and global benefit management allows for company benefit costing reports and individual benefit statements for flexibility and up to date management reporting. When combined with Empower Express HR, the Benefits Management Solution provides a powerful, secure, and complete benefit management tool.
Product Features & Benefits
- Employees can easily check vacation & time off balances through check stubs and through Employee Self Service*
- Automatically add benefits upon new hire based on a profile & eligibility of specific plans
- Distinguish which dependent is covered under which plan
- Audit benefit carrier bills using benefit costing reports
- Set up unlimited Benefit Plans
- Establish limits for Defined Contribution plans that account for multiple plans such as 401(k) & ROTH
- Administer Group Term Life benefits & other Imputed Income plans to process taxable earnings
- Easy additions of benefit cost tables for changes & tracking premiums from year to year
- Administer multiple vacation or paid time off plans based on hours, pay period, monthly, quarterly & annual accrual option
- Reduce data entry when benefits automatically create & update deduction records
- Easily create benefit costing using annual salary, benefit amounts, or age banding for different types of benefit plans
- Define tiered company matching for Defined Contribution plans
Product Features & Benefits
Flexibility
• Manage a virtually unlimited
number of benefits
• All types of benefits supported:
Health and Welfare, Deferred
Compensation, Hours Accrual
Integration
• Benefit changes automatically
update deductions
• Custom interfaces to major
benefit administrators*
Accuracy
• Hour benefits accrue based on client
definitions, & are reduced through
payroll earnings automatically
• Benefit updates drive deduction updates,
eliminating manual update errors
Customize
• Benefit eligibility based on client rules
• Cost banding based on individual plans
• Deferred Compensation match programs
Compliance
• Limit employee contributions to Deferred
Compensation plans based on IRS &
company guidelines
• 401(k) Compliance reporting*
• Cost reporting to audit benefit carrier billing
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