Benefit Solutions

Too many employers have been let down by benefits plans that are high on costs and short on benefits. We believe benefits solutions should be high on service and low on costs.

That’s why Benefit Dynamics, a division of Pension Dynamics, works with clients to design a full service plan that begins at benefit plan design and reliably delivers all the way through administration, employee service, record keeping and compliance assurance.

We strive to offer the highest level service to both employers and employees minimizing the administrative overhead incurred by their HR support staff.

We offer:

• Plan Design. We’ll work with your specific needs and objectives to tailor a high-caliber, comprehensive flex benefit plan that works for you.
  
  Our suite of offerings include:
  • Flexible Benefit (FSA) Plans
  • Premium Only Plans
  • Features like Direct Deposit and Debit/Credit Cards)
  • HSA/HRA claims administration and reporting
  • Medical Reimbursement Accounts
  • Commuter/Transit Expense Reimbursement Plans
  • COBRA Administration
• Plan Installation. We setup the designed plan with the requisite demographic, benefit and rate structures.
• Plan Enrollment. Count on the Benefit Dynamics’ team to take the frustration out of all the forms surrounding plan enrollment with our hands-on services.
• Plan and Claims Administration. We simplify plan management through our proactive administration of plan information, enrollment, forms, claims processing, disclosures and participant’s questions. Claims are promptly filed within 1 to 2 business days of receipt.
• Employee Communications/Education. Our customer service center ensures participants have smooth claims processing and reliable resolution of their questions or issues. Our ongoing, personalized employee communications include participant reminders, balance statements, important filing deadlines and enrollment renewal notices.
• Invoice Reconciliation. We reduce your administrative overhead by performing the secure and accurate reconciliation of invoices acting as a liaison with vendors and carriers to track and ensure payments. We also detect discrepancies, potentially saving employers thousands of dollars in inaccurate invoice processing.
• Reporting and Eligibility Tracking. We perform regulatory testing, IRS filings, quarterly status reporting, non-discrimination testing and forfeiture reporting. We manage eligibility and enrollment information along with employee and employer contributions.
• Compliance Assurance. Our services include comprehensive compliance support, testing and reporting to ensure that your 401(k) plan successfully passes the annual, mandated compliance testing.
• Plan Fees. Our annual administration fees are all-inclusive—meaning no hidden surprises and lower costs to you. Our fees include unlimited phone support for your employees and HR staff.

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Customers are Saying

"Pension Dynamics is a great company to work with. They handle my questions and concerns quickly and courteously every time. It is good to know we have Pension Dynamics watching our future."

Chad Klausen, Controller
Ruby Hill

"If you want the brightest, friendliest, and most competent people administering your employee benefits then you’ll want to do what we did 15 years ago, give Pension Dynamics a call. You will never be sorry you did..."

Ginger Winters, Sr. HR Manager
Berrett-Koehler Publishers, Inc.