For most employers, benefit plan administration is not their core competency. Yet it is our specialty. We take day to day plan operations off your hands and upgrade the level of service to your plan participants. We relieve you of routine administrative tasks, lower your plan risks and increase the "bang" you receive for your employee benefit "buck".
Savitz deploys state-of-the-art technology and proven best practices, enabling us to operate your plans in a controlled environment while delivering high levels of service. Our outsourcing group consists of industry veterans and employee benefit plan specialists. We administer a wide range of employee benefit programs including retirement plans and health and welfare plans for employees and retirees.
Our typical package of outsourcing services includes the following:
- Account recordkeeping, enrollment and through-the-year transactions
- Benefit calculations and communications
- On-line participant website and self-service features
- On-line client reporting
- Payment processing and billing administration
- Plan compliance and reporting
The advantages of outsourcing with Savitz are numerous:
- High level of reliability and sustainability – decreasing compliance risk and turnover disruption
- Enhanced on-line service for plan participants through web-based features
- Call center service for plan participants delivered by seasoned HR/benefits professionals
- Increased reporting and on-line client services
- Improved audit controls, documentation and quality assurance
On a more strategic level, your business will realize these benefits:
- Greater ability to focus on core competencies and business objectives
- Improved cost management and typically a decrease in administrative costs
- Greater ability to manage future changes in plan provisions, regulations and technology