Information for Other Audiences

Unions

Contract Assistance

  • Following specific Collective Bargaining Agreements for each Union group to determine applicable cost shares, Health & Welfare rate changes, stipend rate changes, etc.
  • Tracking and accounting of fringe benefit contributions by contract and union members
  • Providing and administering class level benefit plans
  • Administering hour bank and paid leave accounts
  • Reporting for audit trail accounting and Department of Labor compliance
  • Responding to Department of Labor inquiries regarding fringe benefit plans
  • Collecting fringe contributions to serve as a single pay point
  • Paying various benefit providers for consolidation of payment
  • Transmitting monthly eligibility data to benefit providers
  • Maintaining union members fringe benefit account balances
  • Communicating fringe benefit to union members and enrolling them in the plans
  • Assisting with union members’ benefit questions

Union Administrative Services

  • Enrollment Services
  • Process enrollments and transmit eligibility and enrollment data to vendors. This includes enforcing plan rules, gathering applicable documentation, processing any adjustments and refunds and issuing confirmation statements.
  • Interfaces
  • Plan Sponsor Interfaces – Provides the technology infrastructure with respect to file specification requirements to receive the following files: HR data, new hire, SSN changes, eligibility, payroll deductions and employer contributions. In addition, provides the technology and infrastructure with respect to file specification requirements to provide the following files: payroll instructions, refunds (based on client rules) and adjustments.
  • Vendor Interfaces – Coordinates file specification requirements and provides technology infrastructure to provide data interfaces with up to 10 vendors for the following: plan elections and enrollment, status and life change events, beneficiary changes and cancellations.
  • Billing, Remittance, Payroll Deduction and Reporting
  • Billing – Provides timely preparation and distribution of contribution statements to employers.
  • Contribution and Premium Remittance – Acts as single pay point for all amounts due and remits applicable payments to the various vendors.
  • Payroll Deduction – Coordinates the needed payroll deductions with the employer group on each individual participating in the program.
  • Fringe Accounting and Reporting – Builds cost specific programs for each participating employer group and provides cost breakdown to the individual level.
  • Trust Accounting and Reporting Services
  • Prepares and provides quarterly financial statements as well as weekly reporting that reflects the weekly expenses, disbursements, collections and balances. Also maintains daily cash balances specific to each local and payments from trust assets as instructed by the trustees and/or their representative(s).
  • Discrepancy Management
  • Provides overage/shortage reports by each local and member. Reviews all enrollment forms and payroll authorization corms for accuracy, as well as payroll deductions.
  • Audit Support
  • Provides support in Department of Labor and payroll audits and interfaces with the various vendors for Schedule A and C information as needed for the Annual Form 5500 filing.

Advantages to The Boon Group®’s third-party administrative platform:

  • A broad range of products and services to clients of virtually any size, industry or footprint. We have the infrastructure and bandwidth to deliver end-to-end administrative services, all with proprietary systems. This efficiency allows us to provide robust solutions for cases with as few as 51 eligible employees. We also have the horsepower to deliver a comprehensive menu of services to extremely large clients—some with more than 100,000 eligible employees.
  • SAS70 Type II audit and framework for examining, testing and helping to understand the organization’s control environment provided by independent auditors. Five elements of control are offered:
  • Control environment
  • Risk assessment
  •  Control activities
  • Information and communication
  • Monitoring
  • A full in-house compliance department illustrating The Boon Group’s commitment to dedicating resources to areas that contractors need most.
  • The only full claims administrator for major medical carriers dedicated to the government contracting industry. The Boon Group partners with national insurance carriers who have proprietary networks with the best discounts in the country.
  • Registered Investment Advisory (RIA) services. The Boon Group is the only RIA providing open-architecture retirement plans in the government contracting industry.
  • Nationwide worksite wellness programs, including:
  • Worksite biometric health screenings (BMI, blood pressure, cholesterol, etc.)
  • Worksite immunizations (flu shots, hepatitis A, hepatitis B, etc.)
  • Fitness and wellness services
  • Integrated programs
  • Health Manager
  • Proprietary enrollment systems—telephonic and web-based—with benefit counselors that hold Group 1 health licenses
  • Real answers to real questions. All systems and services are provided at The Boon Group. We do not read from a script and we do not out-source to other companies, which can create confusion and additional costs, and diminish performance
  • An in-house design and print shop that delivers brochures and member communications (enrollment, new hires, ongoing) quickly and accurately.
  • In-house COBRA and Health Reimbursement Account (HRA) service departments, including the Boon HRA benefit card (ConnectXpress)
  • The strength to consistently deliver. Established in 1982, The Boon Group has 250 employees across 14 offices. The Boon Group serves the largest number of Fortune 500 companies in the government contractor industry.
  • Online employer and employee suite of tools. Employee enrollment, explanation of benefits (EOB) and history, ID card reprint, hour bank balance, personal leave day balance, forms library, direct pay/COBRA, etc.