National Benefit Services
National Benefit Services provides retirement and flexible benefit administration to over 20,000 employers nationwide, offering a range of services including Health & Welfare, Retirement plan administration, and COBRA assistance.
Services
National Benefit Services offers a wide array of services, including Health & Welfare and Retirement plan administration. These services encompass Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), Flexible Spending Accounts (FSA), and COBRA administrative assistance. The company also provides planning consultation, plan design, document preparation, daily claim processing, non-discrimination testing, IRS tax form completion, and a mobile app for easy account access. They offer a debit card for flexible benefit plans and a variety of fringe benefits like parking and transit plans.
Products
The product offerings of National Benefit Services include comprehensive retirement plans such as 401(k), 403(b), 457, FICA Alternative, Cash Balance, Defined Benefit, Multiple Employer Plans (MEP), and Employee Stock Ownership Plans (ESOP). Alongside retirement plans, they manage a variety of health and welfare benefits, providing detailed claim forms and direct deposit forms to streamline benefit administration for both employers and employees.
History
National Benefit Services has grown significantly, now aiding over 20,000 employers and administering more than 6,000 benefit plans across the United States. Their nationwide presence continues to expand as they provide reliable third-party benefit administration. Demonstrating a commitment to integrity and accountability, the company successfully completed SOC 1 and SOC 2 examinations for 2022 and passed a CEFEX audit, reinforcing their standing in the industry.
Client Support
Client support at National Benefit Services includes a dedicated account manager and a toll-free call center to ensure prompt assistance. They provide online account access for plan sponsors and employees, facilitating daily claim processing and enabling users to manage their benefits efficiently. Services are designed to support businesses of all sizes, with a team of over 370 employees available to assist clients nationwide.