Full-Service Benefits Administration: What Outsourcing Actually Covers
What is benefits administration outsourcing? It is handing the operational side of your employee benefits program to a third party: enrollment, eligibility, carrier feeds, payroll deduction reconciliation, COBRA, ACA reporting, and Form 5500. Employers typically pay $5 to $30 per employee per month for software alone, or bundle it into full-service HR at $100 to […]
