Defined contribution and defined benefit plans are extremely complex, which has led to an industry devoted solely to administering and ensuring the proper compliance of these plans. As a general rule, the more customized a plan becomes, the more expensive it becomes to administer. And to be clear, there’s nothing wrong with having a highly customizable [...]
You know you’re not getting the value you deserve when your actuary: 1. Is not available immediately when you need them. If the person that you report to wants an answer now, you need an actuary who will give you advice immediately. If you are in union negotiations, you need answers immediately. 2. Doesn't give [...]
Atéssa’s comprehensive services address the needs of clients looking for cost-effective administration of the employee benefit programs. We administer benefits for a wide range of plans, using technologically advanced participant servicing, on-line reporting and recordkeeping. Cost Effectiveness of Outsourcing Outsourcing benefits administration saves businesses valuable resources, which can be put to use elsewhere in the [...]