Employee Benefit Plans

Employee Benefit Plans
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Over the years, many employers have turned to us for guidance when it comes to attracting and retaining key employees through well designed benefit programs.  Since 1980, we have been providing consultation and administrative services in this specialized area.  We believe, Tycor continues to be an invaluable resource for employers concerned with providing affordable, quality benefits to valued employees.


Tycor offers the following group benefit services:

 

  • Benefit Mapping
  • Group Medical & Dental
  • Life and AD&D
  • Short & Long Term Disability
  • Long Term Care
  • Group Legal
  • Supplemental Executive Benefits
  • Welfare Benefit Filing Preparation
  • Employee Communications
  • Benefit Statements
     

A. Benefit Mapping

Benefit Mapping is a service created to help employers objectively address the following concerns:          

                                    Do you have the right benefits in place?

                                    Are your employee benefits competitively priced?

                                    Is your service satisfactory?

                                    Do you have proper plan documentation?

 

B. Group Medical

Large premium increases for prescription drug and medical coverages have made medical insurance a cumbersome expense for many companies.  Yet, it continues to be a necessity to attract key employees.  Tycor can help you manage this rising cost.


C. Life and Disability


Tycor will help you plan life and disability strategies that work for your employees.  We have access to a wide variety of life and disability products.  Our goal is to help you select, design and implement an approach that meets both your employees' needs and your goals.

 

D. Supplemental Executive Benefits

With the competition for high income executives being what it is today, many employers find it necessary to provide additional benefits for their most productive employees.  Tycor can help you design individual programs suited to your company’s needs.


E. Employee Communications

Many employees do not completely understand their benefit programs.  That is why it is essential to have this important information relayed in a simple, concise format.  Tycor can produce benefit statements to help employees can realize the value of their program.


F. Section 125 Services


Tycor provides administration for Premium Only Plans, Medical Reimbursement FSA’s and Dependent Care FSA’s.


G. Welfare Benefit Filings

Companies meeting certain requirements are obligated to file an annual report (Form 5500) with the D.O.L. Tycor can provide this important service to help avoid penalties for non-compliance.