Benefits Administration

Investing in your employees is critical to retaining them. Creating the right value for your company can be enhanced with a quality employee benefits package. Employer Advantage offers several options to satisfy your employee benefits needs. Through our benefits packages, and with our high-skilled benefits administrators your company will be able to compete with other organizations in retaining and recruiting employees in high demand. Employer Advantage provides quality employee benefits that include:

Accidental Death & Dismemberment - We provide, at no cost to the employee $10,000 Accidental Death and Dismemberment (AD & D) Insurance with a reduced benefit payment for spouses and children. Depending upon individual income, additional coverage (up to $500,000) is also available.

Term Life Insurance - Employees may purchase up to $100,000 (guaranteed issue) individual life insurance.

401k Plan - Our 401k Plan allows you, the employer, to tailor the plan to fit your business needs at little or no cost. The following plan options are available:

Discretionary Matching Contribution Plan
Discretionary Non-elective Profit Sharing Plan
Safe-Harbor Plan

Employer Advantage will administer plan deductions, payments, enrollment, and inquiries

Group Medical/Dental Plans - Employer Advantage offers benefit plan selection, enrollment, inquiries, grievances, and/or policy administration for medical and dental plans (minimum participating may be required).

Vision Care - Individual availability
Section 125c & 129c Cafeteria Plans - salary re-directions for group plans Premium

Unemployment
A serious concern in the state of Missouri is unemployment. It is evident that most employers are unaware that the State of Missouri has a self-funded unemployment insurance plan. An integral part of client services provided to our employers is that of reviewing and addressing SUTA (State Unemployment Tax Administration) claims, hearings and appeals. A brief review of Missouri Unemployment Taxes may help explain how this State Fund operates:

The state collects unemployment taxes from an individual business, for example, HCW Management Consultants, LLC, and transfers the monies received from that employer into the State Trust Fund in the name of HCW Management Consultants, LLC.
When an individual employee of HCW Management Consultants, LLC then collects unemployment benefits, the money used to pay those benefits comes directly from HCW Management Consultants, LLC account held by the state, until the funds are depleted.
If more money is paid out than is collected from HCW Management Consultants, LLC, then HCW Management Consultants, LLC is required to pay a higher unemployment rate to keep the tax in balance with the payments made to employees.
In actuality, the State is collecting the money and paying the unemployment benefits, but it is funded by HCW Management Consultants, LLC. Thus the term self-funded plan, in other words, funded by the employer itself.