Medcom Benefits Solutions | Assurex

Compliance Recharge Series

Your compliance update from Medcom.

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Who Is Medcom Benefits Solutions?

A leader in employee benefits for 40 years

Tailor-made solutions for tax-advantaged benefit plans

A comprehensive approach to ERISA Compliance

A streamlined approach to regulatory compliance services

15 Reasons Why

Medcom Tops Payroll Companies for ACA

Partner Testimonials

Medcom has really allowed us to delve into complex client situations with ACA employer reporting, COBRA, FSA, HRA, and 5500s administration with the utmost confidence. Training our staff enough to quickly recognize where a client is struggling and knowing we will be able to help them gives us the feeling of confidence that we have chosen the right partner in these important areas.

– Ken Olson, AIS, GBDS, Division President, The Horton Group

Medcom continues to “hit it out of the park” for our clients with significant consulting resources, great service, and competitive fees. Our 18-year partnership has included accessing all of their products, including ACA, Compliance, COBRA, and Fringe Benefits. We will continue to place our clients with them due to their outstanding support and comprehensive menu of professional services. High-level client support is very important to Pritchard & Jerden, and Medcom has even been available to us “after hours”! Thanks so much for doing a great job!

– Rob Peters, Executive Vice President/Principal, Sterling Seacrest Pritchard

Professional Health & Welfare Compliance Services

ERISA Wrap Documents & Summary Plan Descriptions

A Wrap Plan is the most efficient method of bringing health and welfare benefit plan documents into full compliance with ERISA and consolidating plans for Form 5500 filing purposes. Additionally, the Wrap Plan provides an ERISA compliant Summary Plan Description (SPD) for distribution to plan participants as required by federal law.

CDHP & Cafeteria Plan Documents & Amendments

Your Cafeteria Plan plays a critical role in defining your benefit plan options and the tax treatment of employee contributions. Whether you have an existing Cafeteria Plan that needs to be amended or require a brand new Premium Only Plan, FSA, HRA, DCAP or Transit Plan Document, Medcom is well-equipped to provide this essential documentation in accordance with the requirements of ERISA and Healthare Reform legislation.

Comprehensive Health & Welfare Documentation Audit

An employer's entire benefit program should be evaluated from time to time to identify and remedy any areas of non-compliance or exposure. Don't wait for an auditor to knock on your door! Let Medcom's compliance experts help you stay compliant by evaluating your full program and recommending proactive solutions.

Form 5500 Filing & SAR

Medcom provides complete Form 5500 preparation for Health and Welfare Plans, including the Summary Annual Report (SAR). We also offer expert preparation and consulting services for delinquent filings.

Nondiscrimination Testing

Medcom provides comprehensive annual nondiscrimination testing for Section 125 Cafeteria Plans (inclusive of POP and health FSA), Section 129 Dependent Care Assistance Plans, and Section 105(h) Plans that are either self-funded or fully insured.

Professional Health & Welfare Compliance Services

Compliance Review

Complete Health & Welfare Compliance Documentation Audit

Less than 250 Employees

$2,450

250-499 Employees

$3,450

500-2,499 Employees

$4,450

2,500+ Employees

TBD

Form 5500 Reporting

Form 5558-Extention of Time

$75

Form 5500-Electronic Filing Required (Includes SAR) Includes up to 10 Schedule A or C Addendums

$450 per filing

Additional Schedules A or C

$100 each

Delinquent Form 5500 Filings-Additional Consulting Fee

$150 per filing - $600 Max.

Wrap Document Preparation

"Stand Alone" Wrap Document & ERISA SPD

$600

Restatement of existing Medcom “Stand Alone” Wrap Plans

$399

Unlimited Amendments to Medcom's Wrap Plan of 3-years

$299

Review & Update of Existing Employer Wrap Document

$175/hr. - $350 Min.

Required Notice Package Buy Up

$199

Operation Comply

Special Fees available through 3 Month OC Campaign

TBD

Plan Documentation Preparation

POP Only Plan Document

$175

Section 105 (h) HRA Document

$390

Section 125 & 129 FSA Document

$390

Nondiscrimination Testing

Section 105(h) Self-Funded Health Plans

1-2 Medical Plans

$500

3-4 Medical Plans

$800

5 or More Medical Plans

$1,000

Nondiscrimination Testing

Additional services

HRA Plan Testing - Section 105(h)

$350

Health FSA and/or POP and/or DCAP - Sections 125, 105(h) & 129

$350

Premium Only Plan Testing - Section 125

$225

Amendments

Amending of Wrap Documents or other Plan Documents

$150 per amendment

Other Professional Services

Auditing & Consulting

$200/hr

ACA

Affordable Care Act Reporting Services

See Separate Fee Schedule

Pricing exclusive to Assurex Global partners.

Other Services

Medcom Benefit Solutions is a leading employee benefits administrator, well-known for specializing in exceptional service and offering a variety of products that are designed to help employers meet the challenges of a rapidly changing workforce. With a professional staff of specialists, Medcom Benefit Solutions offers consulting services relating ERISA compliance, COBRA adminstration, Flexible Spending Account administration, Health Reimbursement Arrangement administration, Retiree Billing and Health Savings Account administration.