Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on defined contribution admin software.
According to Zane Benefits’ website, many employers that self-administer a defined contribution health plan, or who simply give raises or bonuses for health insurance, often overlook important compliance obligations that put them at financial risk. Failure to comply with the minimum administration requirements is common and can be costly. And, if an employer does take the extra steps to fully comply, the administrative cost will likely outweigh the benefits.
Zane Benefits’ website outlines the the top three reasons employers should consider using defined contribution admin software to self-administer a defined contribution health plan:
1. IRS Compliance and Tax Savings
2. Federal Compliance
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.