FSA Plans from Trion

THE FINANCIAL IMPACT OF YOUR FLEXIBLE SPENDING PLAN

 

Many employers view Flexible Spending Plans as a valuable addition to a well rounded benefit offering. Employer’s efforts to recruit and retain a skilled and experience workforce are enhanced by a comprehensive benefit package which includes Flexible Spending Accounts. But a flexible spending plan can also contribute to the bottom line in a direct way.

A FSA Plan = Financial Savings

Employers can realize real savings in the form of reduced employer F.I.C.A. taxes, F.U.T.A. taxes, disability, and worker’s compensation insurance premiums (varies by state). Typical savings at the employer level can represent as much as 10% of total FSA contributions, which should more than offset the administrative costs associated with these plans.

There are several factors which combined, contribute to maximize the positive financial impact of your Flexible Spending Account Plan:

• Enrollment – The more employees who enroll, the more you save. Trion provides full FSA enrollment support through a combination of meetings, materials and technology. We assist you in promoting your Flexible Spending Account Plan which translates to increased participation.

• Plan Design – The FSA plan should be designed to allow for the highest contributions within an acceptable risk range. Plan design should be simple so employees feel confident to participate. We assist you in developing the right flexible spending plan design to maximize participation.

• Service, Service, Service – our level of service though web access, customer service and fast, error free processing ensures not only participation year after year, but also increases in election dollars. We realize that in order to achieve the goals of the flexible spending plan we need to fully satisfy your employees.

• Competitive Fees – perhaps the most important aspect in maximizing the tax savings potential of a Flexible Spending Account Plan is to not overpay administrative fees. Trion uses its technology advantage to reduce administrative costs and keep our fees among the lowest in the industry.

Trion is absolutely confident you and your employees will be completely satisfied with our FSA administration. If you would like more information please feel free to contact us.

If you would like more information or a proposal, please click on the link Request a Proposal.