1. Navigate to the “Deferred Comp” tab of the Employee Management >> Employee Benefits >> Benefits screen 2. Click “Add New” and select the Benefit Type and Plan that you want to add 3. Review the Plan Information, enter any Employee Contributions, and click “Save” Plan Information
Pending Participation Requirements
If the employee has m
In the event your accrual plans are not built to automatically assign when the employee is hired or should you need to change/remove a plan at anytime you can do so by following the steps below: 1. Navigate to the Employee Management > Employee Benefits > Accruals > Leave Accruals screen. 2. Find the relevant Accrual Type and click the dro
This article goes over how to update isolved with an employee's requested change to their current deferred compensation deferrals. Navigate to the employee's Deferred Comp Benefit plans Employee Management >> Employee Benefits >> Benefits
Search and select the employee
Select the “Deferred Comp” tab In this example, the employee has a cu
Plans, Dates, and Eligibility What plans are included in the open enrollment?
When does the benefit plan year start?
When should the enrollment portal open and close?
Who is eligible to participate? Are new hires who are still in their probationary period eligible to participate? Is this an ongoing open enrollment (for new hires or life events)? Mai
FSA plans are employee-paid pre-tax benefit plans regulated by the IRS. FSA Medical plans can be applied towards medical, dental, and vision expenses. FSA Limited plans can only be applied to dental and vision expenses, and are usually paired with a health savings account (HSA) plan. FSA plans do not carry over from year to year. When adding an FSA
Variable premium amounts per coverage level based on covered amount or payroll. All rates in iSolved are determined by monthly values and then broken up by pay schedule to determine per-pay deductions for running payroll. Rate Table Structure What coverage levels exist for the plan? ex. Employee, Spouse, Child(ren) Are the rates cost-banded? ex. c
Cost bands allow rates to vary with age, salary, tobacco use, and / or other values. All rates in iSolved are determined by monthly values and then broken up by pay schedule to determine per-pay deductions for running payroll. By Age When is age measured? ex. As of Beginning of Plan Year; As of Jan 1st; As of 1st of Month After Birthday Participant
In addition to the standard open enrollment questions, setting up an ongoing open enrollment requires some extra information. Enrollment Portal Setup How long should the open enrollment portal be available to the employee?
When should the open enrollment become available to the employee relative to the event date? ex. Day of; 10 days before; 30 days
Flat premium amounts per coverage level. All rates in iSolved are determined by monthly values and then broken up by pay schedule to determine per-pay deductions for running payroll. Rate Table Structure What coverage levels exist for the plan? ex. Employee Only, Employee + Spouse, Employee + Child(ren), Family Are the rates cost-banded? ex. costs