After vetting several companies to meet MDA members’ needs for payroll processing and assistance with setting up and administering Section 125 plans, including premium only plans, flexible spending plans, dependent care plans, and health savings accounts, the MDA has endorsed Alerus. The MDA terminated its endorsement of BASIC due to numerous member complaints in 2021.
Alerus offers MDA members special discounts on many benefits services. It provides excellent tools for businesses to manage payroll and employee benefits plans. With Alerus, you’ll experience:
• Immediate improvements in payroll processing. Alerus is one of the few providers that can take care of a practice’s remittance, gather year-round census data, and more. And, for added security, it uses its own ACH services for direct ACH payroll processing—avoiding any extra stress of third-party fund transfer intervention. Its payroll solutions are scalable and can grow with your practice. And, if you partner with Alerus for your Section 125 needs, you can streamline employee benefits in a number of ways, bringing greater overall efficiency to benefits administration.
• Employer tax savings by implementing Section 125 plans to allow employees to pay for qualified medical, dental, vision or dependent-care expenses on a pretax basis. Group health insurance premiums are eligible to be withheld on a pretax basis, and many sponsors of the MDA Health Plan have such an arrangement in place. These withholdings effectively reduce the employees’ taxable income, saving them money, and in turn, the practice’s payroll taxes are reduced.
MDA members are encouraged to contact Alerus to explore its Section 125 Plan third-party administrator services, as well as its payroll solutions. Call Paula
Ellermann at 303-481-1577 or email her at paula.ellermann@alerus.com.