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Employee Info Center
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- Employee Mobile App
- Employee Portal (ESS)
- Employee Training & Informative Videos
- How does a new hire employee begin paperless onboarding ?
- Payroll & Benefits Onboarding for New Hires
- Report a Workplace Concern
- Report a Workplace Injury
- Understanding Your Employee Benefits
- Welcome Employees
- What Does AdvanStaff HR Do For You?
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- Employee Portal (ESS)
- Employee Self-Service Portal Access
- Employee Social Security Number (SSN) Edits
- How do I disable pop-up blockers?
- How do I reset my web password?
- How does a new hire employee begin paperless onboarding ?
- I forgot my web username, can I reset it?
- Payroll & Benefits Onboarding for New Hires
- What is an Account Access Confirmation?
- Why can't I get my SECURITY CODE for Employee Self Service Account Access?
- Account Security & Multi-Factor Authentication (MFA)
- Email Address Requirements
- Employee Handbooks
- Employee Support
- Employment & Salary Verifications
- How does a new hire employee begin paperless onboarding ?
- Payroll & Benefits Onboarding for New Hires
- Report a Workplace Concern
- What are your office hours?
- What is the status of my job application?
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- All Benefits & Perks
- AT&T Wireless Discounts
- Auto and Home Insurance (Save 15%)
- Corporate & Personal Travel Deals You Can't Find Anywhere Else
- FinFit - Personal Financial Tools for Employees
- MetLaw Legal Plans
- MetLife Aura Identity Theft Plans
- MyPetProtection Insurance
- Wages on Demand - Earned Wage Access
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- All Benefits & Perks
- Understanding Your Employee Benefits
- Open Enrollment
- How To Save On Medical costs
- Benefit Basics Video
- Annual Plan Contribution Limits
- Qualifying Life Event (QLE)
- Who can I add as a dependent for my benefit coverage?
- Why isn't the benefit enrollment portal opening for me in the Employee Portal?
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- Group & Voluntary Life Insurance Coverage for Dependents (MetLife)
- Group Dental Insurance (MetLife)
- Group Vision Insurance (MetLife)
- Instant Decision, Affordable Life Insurance
- Voluntary Health: Physician, Urgent Care, Hospital, Dental, Vision, and Wellness Benefits, Inpatient, $0 Telemed (Hooray Health)
- WellCall360 - Voluntary Wellness + 0$ Tele-med, Rx, Dental, Vision (Hooray Health)
- Whole Life Insurance with Long-Term Care
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- Voluntary Benefit Programs
- Short-term and Long-term Disability Insurance (MetLife)
- Group & Voluntary Life Insurance Coverage for Dependents (MetLife)
- Accident Insurance (MetLife)
- Critical Illness Insurance (MetLife)
- Hospital Indemnity Insurance (MetLife)
- Instant Decision, Affordable Life Insurance
- Whole Life Insurance with Long-Term Care
- MetLaw Legal Plans
- MetLife Aura Identity Theft Plans
- MyPetProtection Insurance
- Voluntary Health: Physician, Urgent Care, Hospital, Dental, Vision, and Wellness Benefits, Inpatient, $0 Telemed (Hooray Health)
- WellCall360 - Voluntary Wellness + 0$ Tele-med, Rx, Dental, Vision (Hooray Health)
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- Flex Spending Accounts
- How To Save On Medical costs
- Medical Expense FSA
- Premium Only Plan FSA
- Dependent Care FSA
- Annual Plan Contribution Limits
- Commuter, transit, and parking FSA
- Health Savings Accounts (HSA)
- Limited Purpose Flex Spending Account (LPFSA)
- FSA - Member Portal (year 2020 and previous)
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Manager Info Center
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- Employee Onboarding
- Workers Compensation Program and Policy Administration
- 401k Retirement Plan Services
- Document Management System (DMS)
- Leave Requests: PTO Tracking & Approvals
- Employment & Salary Verifications
- Corporate & Personal Travel Deals You Can't Find Anywhere Else
- Employee Earned Wage Access (EWA)
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- Applicant Tracking System (ATS)
- Background and Drug Testing
- Labor Poster Compliance Solutions for Local and Remote Workers
- Business Insurance
- Employee Portal Messaging-Alerts
- Learning Management System (LMS)
- Performance Management (PM)
- R&D Tax Credit (R&D)
- Short-term Payroll Funding
- Work Opportunity Tax Credit (WOTC)
- Secure 2.0 for Employers
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- Affordable Care Act (ACA) Compliance
- Employee Handbook Program (Core+)
- FMLA Compliance
- Full-Service Payroll & Employment Tax Administration
- HR Toolkit
- Labor Poster Compliance Solutions for Local and Remote Workers
- Onboarding Your New Hire onto the Payroll System
- Time Keeping Solutions Introduction
- Workers Compensation Program and Policy Administration
- Workplace Safety Program Assistance
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- Full-Service Payroll & Employment Tax Administration
- Office Schedule, Payroll Processing Cutoff Dates, Federal Reserve Bank Holidays, System Maintenance Schedule
- Direct Deposit
- Employee Earned Wage Access (EWA)
- Employment & Salary Verifications
- Minimum Wage Map
- Payroll Timesheet Imports
- Pre-paid VISA Paycard
- Submitting Payroll Hours, Salary, Commissions, etc.
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- Employee Onboarding
- How does a new hire employee begin paperless onboarding ?
- Onboarding Your New Hire onto the Payroll System
- Payroll & Benefits Onboarding for New Hires
- How do I process the paperless I-9?
- Background and Drug Testing
- Employee Termination Processing
- I-9 Part 2 Approval Guide
- Unemployment Processing
- RE-HIRES
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- All Benefits & Perks
- 401k Retirement Plan Services
- Affordable Care Act (ACA) Compliance
- Employee Assistance, Wellness, and Lifestyle Programs (EAP)
- Employee Benefit Plan Administration
- FinFit - Financial EAP
- Flex Spending Accounts
- Group & Voluntary Life Insurance Coverage for Dependents (MetLife)
- Voluntary Benefit Programs
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- Workers Compensation Program and Policy Administration
- Claims Management and Administration Assistance
- Employment Practice Liability Insurance (EPLI)
- Workplace Safety Program Assistance
- Business Insurance
- Report a Workplace Concern
- Report a Workplace Injury
- Secure Upload Documents
- WC CLAIMS FORMS BY STATE
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- Document Management System (DMS)
- Employee Portal Event Management
- Employee Portal Messaging-Alerts
- Employee Record Maintenance in the Manager Portal
- Employee Social Security Number (SSN) Edits
- I-9 Part 2 Approval Guide
- Training Support in the Manager Portal
- Training Tutorials and Demonstrations - Worksite Managers and Administrators
401k Retirement Plan &
Fiduciary Services for Employers
no admin fees, no audit fees, no testing fees, no-load funds
Hassle-free, end-to-end turn-key 401k solutions integrated into your service plan
AdvanStaff 401k General Information
Rewarding employees with valuable benefits makes it easier to attract and retain them. Sponsoring a 401k program is an excellent way to compete for top talent.
Let us help. Adopting AdvanStaff HR’s multiple employer plan (MEP) allows you to pass most (if not all) of the cost and compliance responsibilities over to us. We manage retirement plans for hundreds of employers and use our scale to save you time and money. It’s never been easier.
Not only will you save thousands each year in plan administration and audit fees, but we will also assume the fiduciary responsibility and allow you to return to your business.
Features
- Eliminate the hassles of 401(k) plan administration
- Full flexibility in plan design (matching, profit sharing, eligibility, vesting and more)
- Zero cost to you and low participant costs
- Eliminate your role as Trustee of your own plan
- Outsource Fiduciary liability to AdvanStaff HR
- No more IRS form 5500 to file
- No more plan audits
- Outsourced loan and distribution processing
- Low cost no-load mutual funds from Vanguard, BlackRock, T. Rowe Price, American Funds, MFS and more.
- Administrative Services provided by AdvanStaff HR
- Clearing Services provided by Fidelity
- Investment Committee Services provided by AdvanStaff HR
- Investment Advisory Service provided by Slavic401k
- Administrative Services and Record keeping provided by Slavic401k
Sample Cost Comparison
How much cost advantage does the AdvanStaff HR 401(k) offer?
Reasonableness of Fees: Actual AdvanStaff Employer Plan vs National Average
Plan Comparison Parameters: $2,244,719.51 plan assets with 109 Participants
| AdvanStaff HR Client Plan | National Average | |
|---|---|---|
| Asset Fee | 0.28% | 0.40% |
| Participant Admin Fee | 0.10% | N/A* |
| Weighted Fund Expense Ratio | 0.08% | 1.26% |
| Audit Expense for plans over 100 EEs | 0.00% | 0.36% |
| Plan Sponsor Fee (PERA) | 0.11% | N/A* |
| 3(38) Portfolio Services | 0.08% | N/A* |
| Total | 0.65% | 2.02% |
| Total in $$ | $14,570 | 45,303 |
| Total Annual Savings | $30,733 |
Services
401k Plan Services
- Turnkey 401k Solution
- Very low cost, multiple employer plan
- One-Day Contribution Processing
- 5500 Filed
- Compliance Testing
- Data Bridge with payroll system
- Online Portal – 24/7 reports
- 800 call support – Participants, Sponsor
- Loan and Distribution outsourced processing
- Electronic Signatures, Trustee authorization
- Document Fulfillment
- Newly Eligible
- SPD, SAR, SMM
- Online enrollment, New Plans before plan set-up, Entry Dates, Newly Eligible
- Enrollment Meetings: on-site, webinars, conference calls.
- Material Provided, – Enrollment Guides, Adoption Guides
- Video Applications
- Sponsor
- Participant
- Email Express co-branded participant education
Compliance Services
- Volume Submitter Multiple Employment Plan Document – updated and restated 2020
- Worksite Amendments
- Compliance Questions answered timely – same day
- DOL Audit representation if applicable
- Audit package provided timely
- Sponsor Express co-branded Monthly Notification to worksite employers with statistics and testing results
Employer Matching Options
- Zero match
- Custom match
- Safe Harbor
- Basic (3%)
- 100% of the first 3%, plus 50% of the next 2%.
- Enhanced
- 100% of the first 4%.
- Basic (3%)
- QACA – Qualified Automatic Contribution Arrangement
Automatic Enrollment Option (Qualified Automatic Contribution Arrangement – QACA)
The employer automatically enrolls the employees in the 401(k) plan for a pre-tax contribution between 3% to 6%.
If the initial auto-enroll contribution rate is less than 6%, the employee’s contribution would automatically increase 1% each calendar year until they reach 6%.
Employees have 90 days to opt out of the automatic enrollment and receive a full refund of their contributions.
A Safe Harbor QACA arrangement allows the company to implement a vesting schedule of up to 2 years on the matching or non-elective contributions.
- QACA Match
- 100% of the first 1%, plus 50% of the next 5%. $1.00 for $1.00 matching contribution on the first 1% of
- QACA Non-Elective
- A minimum of a 3% employer non-elective contribution for each employee, whether or not they actively contribute a portion of their compensation
Fiduciary Services
- Investment Policy Statement
- Investment Monitoring
- Fiduciary Portal
- 3(21) Advisory Services – recommendations
- Sponsor
- Participant Education
- 3(38) Advisory Services – Optional Portfolio Allocation Service
Visit the “Employee 401k” page for 401k plan features
https://vimeo.com/97350108/c6b54992c1
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