Laserfiche WebLink
The Flex Company of America , Inc . <br /> Flex SpendingAccount Plans - Fees <br /> Section 125 <br /> Communication <br /> The success of the Plan increases as an organization ' s participation increases . One <br /> way to insure higher participation is by educating employees on the benefits of the <br /> Plan . The use of our professionally prepared instructional video has proven to <br /> increase employees ' understanding of flex spending accounts and will generate <br /> enthusiasm to participate . Employees will learn how to take advantage of the tax- <br /> saving benefits the Plan offers, how to estimate plan year expenses and how to <br /> submit claims. This is an excellent tool for annual enrollments and new hires as well. <br /> One copy of the video is included with initial implementation . Additional copies can <br /> be purchased for $ 19.95 each . Five or more videos can be purchased for $ 10 each. <br /> Group and individual enrollment meetings with The Flex Company's experienced <br /> counselors are available and can be quoted upon request. <br /> Recordkeeaina and Administration <br /> Fee per participant per <br /> Employee Services month : <br /> • Flex Convenience Debit Card (optional) <br /> • Participation in one or more spending account $2.90 first year <br /> • Daily claims processing $3. 10 second year <br /> • Choice of submitting claims by mail, fax or INTERNET $3.40 third year <br /> • Toll-free fax claims submission <br /> • SAME DAY claims reimbursements for INTERNET claims — <br /> the FASTEST in the industry <br /> • Short three-business day turnaround for mailed or faxed claims <br /> • Employee choice of direct deposit or paper check reimbursements <br /> • Direct deposit advices via e-mail or mailed to employees' homes (postage included) <br /> • Paper checks mailed to employees' homes (postage included) <br /> • 24/7 employee account access via phone or INTERNET <br /> • <br /> INTERNET employee expense estimator (online worksheet) <br /> • Automatic e-mail notification of claims receipt or reimbursements <br /> • Detailed explanation of benefits with each reimbursement <br /> • Fourth quarter account balance statement for active participants <br /> • Toll-free Customer Care Center support <br /> Employer Services <br /> • INTERNET access to view participant account information <br /> • INTERNET or paper submission of new hires, terminations, and other life event changes <br /> • On-demand reports via INTERNET <br /> • Check register e-mailed or faxed weekly <br /> • No check minimum (unless requested by employer) <br /> • Check and deposit advice stock included <br /> • Toll-free Customer Care Center support <br /> • Electronic transfer of funds for payment of administration invoices <br /> Note: When an employer has an FSA and HRA plan administered by The Flex Company, it is likely <br /> that some employees will participate in both plans. The standard record keeping and administration <br /> fee will apply to employees who participate in one plan. If an employee participates in the second <br /> plan, an additional fee of $ 1 .00 per participant per month will apply. Additionally, the monthly <br /> minimum for the second plan is 501/o of the first plan. <br /> Flexible Spending Account Proposal <br />