Benefits Administration
MP’s Benefits Solutions
MP’s robust, user-friendly platform streamlines benefits administration services. Save hours of administrative time with automated batch-update features to quickly update deduction amounts for employees, as well as self-service options that allow employees to easily change retirement plan elections, HSA amounts and beneficiary designations. Eliminate paper and the mess of spreadsheets. Store electronic document acknowledgments and benefit confirmations within our cloud-based platform. Give everyone (your broker and your team) easy, 24/7, customized access via our simplified, single platform.
Simplified Enrollment
Detailed Reporting
Employee Management
ACA Compliance
Cobra Compliance
Carrier Connections
Broker Access
Fringe Benefit Offerings
Retirement Plan 180 and 360 Integrations
Customized Training and Support
In the same platform where employees access their paystubs and year-end tax forms, we empower employees with effortless enrollment options. Their changes and qualifying events will be updated quickly and accurately. They can even easily test out what different benefits elections will look like in take home pay. Employees can also access their total compensation package, including employer contribution amounts. MP’s platform also lets employers attach guides, plan documents, fillable PDF forms, website links, plan summaries, etc.
Benefits Solutions Features
Simplified Enrollment
In the same platform where employees access their paystubs and year-end tax forms, we empower employees with effortless enrollment options. Their changes and qualifying events will be updated quickly and accurately. They can even easily test out what different benefits elections will look like in take home pay. Employees can also access their total compensation package, including employer contribution amounts. MP’s platform also lets employers attach guides, plan documents, fillable PDF forms, website links, plan summaries, etc.
Detailed Reporting
Easily run any of our wide variety of standard reports for census and audit requests. Create custom reports for more complicated inquiries.
Employee Management
Engage your team with simple onboarding and accessible data. Employees can review plan documents and benefit elections year-round. They can also trigger life events independently, reducing your administrative burden.
ACA Compliance
Ensure compliance with MP’s cutting-edge ACA Executive dashboard and electronic filing system. Reduce the time spent on ACA reporting requirements by hours or even days, and get back to reaching for your business goals. Trust our detailed reports to keep you ACA compliant.
Cobra Compliance
MP offers a fully integrated Cobra service to manage the process from start to finish—no need to enter duplicate employee data into a separate system. Maintain compliance by managing employee data and keep track of notices, payments, and elections– all on our single platform.
Carrier Connections
Carrier connectivity saves you time on your benefit processes. Connections keep you updated with enrollments and changes, helping you keep health care costs in check. For companies that aren’t eligible for a standard carrier feed, MP offers a Smart Form solution.
Broker Access
Supply your benefit broker with full access to benefit data through MP’s reporting tools. We offer individualized training and customized guides for easier use. MP’s benefits solutions can also include benefit brokers in automated notification workflows for new hires and qualifying life events.
Fringe Benefit Offerings
Through our partner at iSolved Benefit Services, MP offers a selection of fringe benefit plans including FSA Medical, Dependent Care, Transit, Parking, Health Reimbursement Arrangements, Health Saving account & Section 125 POP plans. These solutions are fully integrated with our platform for streamlined and automated benefit solutions.
Retirement Plan 180 and 360 Integrations
MP offers an easy and hands-free approach to maintain retirement plans. We offer an array of 180 and 360 connections that will send your payroll and employee data after every payroll processed eliminating the need to manually upload a file. MP’s solutions can also accept incoming files from vendors for new enrollments, deferral changes and loans information.
Customized Training and Support
MP will assign you a dedicated benefit specialist who will help you fully utilize all aspects of the system. Your specialist will conduct an in-depth analysis to determine your business needs and fully train your team on their specific solutions. After implementation, they’ll be available for guidance on best practices, plan changes, open enrollments, and overall system utilization support.