USI Kibble & Prentice can help you improve your productivity and boost employee participation in your benefits programs by reducing your administrative and regulatory responsibilities. We broker third-party administration services that are flexible and scalable, and a Section 125 plan offers significant tax-savings to you and your employees.
USI Kibble & Prentice helps you attract and retain employees by helping you structure and administer unique programs that provide highly sought-after employee benefits. Through our strategic partnerships, we provide cost-effective solutions to administrative duties that, though routine, are time-consuming and resource-heavy. In addition, we help educate your employees about these programs through personalized, frequent-contact communications, which increase their knowledge about company benefit programs.
A Section 125 flexible spending plan is designed to produce tax savings for your employees. This payroll deduction program is IRS-approved and allows employees to establish spending accounts for health and day care expenses on a tax-free basis. Qualified items include uncovered vision, medical and dental expenses, as well as over-the-counter drugs and medicine plans. We broker similar taxable programs to accommodate creative or alternative benefit programs such as tuition, continuing education, wellness, professional development needs and taxable reimbursement programs.
USI Kibble & Prentice, through strategic partnerships, provides solutions for all-inclusive Section 125 administration, including reimbursement and claims processing, access to a special representative for your employees, and web access to program information and individual account information. Other services include discrimination testing, recommendations on plan design and compliance, employee education and tax filing.