© 2018 The CIP Group.  All Rights Reserved

Terms of Use

 

Securities Offered Through DaVinci Capital Management, Inc.

799 Cambridge St., Cambridge, MA 02141 
617-354-3222 I Member FINRASIPC
MSRB

Learn more about our firm and investment professionals at FINRA BrokerCheck

Employee Benefits

SMART & SCALABLE

BENEFIT PLANS

Optimize HR, benefits and payroll by

integrating and automating what you already have

 Employee Benefits by Design

A breakthrough in your benefits can be achieved by re-visiting your strategic choices and utilizing technology solutions that simplify and automate all your administration.

Plan Design & Management

STRATEGY FIRST, IMPLEMENTATION SECOND

Our expertise is the ability to evaluate employee benefit programs, identify inefficiencies, make insightful recommendations and help implement changes that will reduce waste and improve the cost effectiveness of employee benefit programs.

 

We monitor analytical resources and tools to help clients develop and implement long term strategies that mitigate cost increases for our clients and validate that they are experiencing the best rates, network, service and funding arrangements available to them.

 

  • Overall trend factor analysis

  • Demographic factors

  • Large claims impact

  • Cost-sharing analysis

  • Discount analysis

  • Costs and trend analysis by service category

  • Cost and claimant analysis

  

 
Benefit Technology

A SMARTER, COST-EFFECTIVE SOLUTION

The CIP Group understands the importance of an integrated Benefits Technology strategy to better manage your employee assets. We also understand that not every business has all the in-house resources required to effectively implement and manage a program. That’s where CIP comes in.

Human Capital Management (HCM) software provides tools to manage in three categories: Core HR (Benefits, Payroll, and Time & Attendance) Talent Management (Recruiting, Training, Performance Management, Compensation Management, Succession/leadership planning, and Workforce Planning) and Employee Engagement (Self-service HR portals that enable employees to sign up for classes, check job openings and requirements, manage time and attendance and review company benefits). CIP resources help support your core and employee engagement HCM tools freeing your management team to concentrate on what it knows best: employee development and managing the business.

Our clients benefit from CIP benefit plan build, reporting, and ongoing administration maintenance services directly on your existing payroll company or third party provider’s HCM platform.

  • Work with Client payroll/HRIS vendor

  • Communicate eligibility/termination rules to support plan build

  • Post corporate policies and forms in easy-to-access portal

  • Upload all documents and plan materials

  • Coordinate carrier connections

  • Build eligibility, contribution, and underwriting rules

  • Run plan reporting to conduct carrier audits

  • Support plan benefit and contribution updates

  • Manage open enrollment & new hire eligible windows

  • Run reporting and conduct carrier eligibility review

  • Maintain ongoing plan updates

 

Nothing excites me more than seeing a company save time, money and stress by automating their employee benefits and pushing a few buttons rather than piles of paper. 

— Kelly Holland, Vice President

Regulatory Assistance

GETTING YOU UP TO SPEED AND CONFIDENT

ERISA (the Employee Retirement Income Security Act of 1974) is a Federal law which deals with employee benefit plans and applies to virtually all private-sector corporations, partnerships, and proprietorships, including non-profit corporations—regardless of their size or number of employees.

ERISA prescribes when and how reporting (to the DOL) and disclosure (to Plan Participants) must be delivered. Failure to comply with ERISA can result in enforcement actions, penalties, and/or employee lawsuits.

CIP Regulatory Assistance includes Employee Notice Support & Plan Document Preparation to help employers meet their compliance obligations. Our services can include:

  • Health & Welfare Wrap Plan Documents

  • Summary Plan Description documents (SPD)

  • Premium Conversion Plan (POP) Documents

  • Health Reimbursement Arrangement (HRA) Plan Documents

  • Flexible Spending Account (FSA) Plan Documents

  • Summary of Benefit & Coverage (SBC)

  • CHIP Notices

  • Health Care Reform Notices

  • HIPAA Notices

  • Medicare Part D Credible Coverage Disclosure

  • State Required Annual Notices

Affordable Care Act
Health Savings Accounts
Open Enrollments
Commuter Benefits
 
 
CIP BeneTech 360
Purchase James McSweeney's I $ee the Benefit:
An HR Treasure Chest at amazon.com
Administrative Services

YOUR MOST EFFICIENT DELEGATION

The CIP Group offers valuable benefit administration, orientation, and communication services that reduce employers’ costs while providing measurable value. CIP can establish a relationship directly with your employees through phone, e-mail, web and periodic on-site visits to help manage your benefit programs.  Through our model, the role of your HR staff relative to benefits management can be limited to setting policy, notification of specific events, and oversight.

Benefits Orientation and Counseling

  • Client specific Employee Benefit Information package

  • Benefits Welcome Letter (summary & contacts)

  • Outbound introduction call to employee

  • Eligibility verification & enrollment

  • COBRA Rights Notification via certificate of mailing

  • Enrollment confirmation letter to participant

  • Enrollment & Contribution reporting to employer

 

Communication Services

  • Benefits Website

  • Benefits Brochure

  • Benefit Statements

  • Employee Surveys

  • Employee Education Services

  • Employee Data Collection

  • Benefit Webinars

  • Open Enrollment Support

 

Administration Services

  • Plan Document Preparation

  • Flex Spending Account Administration

  • Health Reimbursement Arrangement (HRA) Administration

  • COBRA Administration

  • Pre-employment Screening

  • HIPAA Compliance Support

  • Document 5500 Support

  • Benefit Eligibility Maintenance Support

You need it all today – a strategic menu of cost-effective benefits that employees appreciate and an integrated system that is smart, compliant and communicates automatically.

BeneTech
OPTIMIZATION

THE FUTURE OF BENEFITS IS HERE

BeneTech 360 integrates the essential elements of your benefits program into a dynamic, comprehensive platform that enriches the lives of your employees while achieving your bottom line objectives.

BeneTech 360 anticipates tomorrow’s needs but delivers performance and productivity where you need it today.

STRATEGIC GUIDANCE & SUPPORT

We design smarter solutions that improve results through integration, optimization & automation

TOTAL BENEFITS PLATFORM

By integrating cost-effective benefit plans with HR/Payroll, we create a solution that is more flexible and efficient

SOPHISTICATED SIMPLICITY

By removing complexity, clients are refocused, energized and motivated to achieve greater productivity

GROWTH FOCUS & SCALABILITY

Our clients have a growth mindset so our solutions are designed to keep pace with your game plan

TIME & EXPENSE EFFICIENCY

We free up hundreds of hours of staff time by coordinating & automating HR, payroll and benefit systems

BENEFITS & WEALTH OPTIMIZATION

By dovetailing business / personal resources, tax, legal, insurance & investments, optimal leverage is gained

EXPLORE OUR SERVICES

CIP is made up experienced benefit consultants, HR pros and friendly tech experts who are ready to make your life @ work easier and more productive.