CONTACT
1293 West 2200 South, Suite A
Salt Lake City, Utah 84119
info@compusysut.com
Voice: 801-973-1001
FAX: 801-973-1007
Services we provide.
Self Funded and Fully Insured Health Plans
We consider health benefits to be a significant part of our administrative duties and view these benefits as a crucial part of a member’s daily life. As such we strive to always provide the best service and support.
- Flexible claim system custom designed to each client’s needs
- Strict adherence to all HIPAA policies and privacy standards
- Subrogation, C.O.B. and Stop Loss administration
- Medical, dental, vision and short-term disability adjudication
- Ability to transmit and receive all types of EDI file formats
- Customized website allowing the participants access to claims, eligibility, and balances
- Highly trained customer service professionals
- Capability to coordinate with various PPO Networks
Contribution Accounting/Data Processing
Contribution Accounting is a vital function of our administrative duties, it is essentially where it all begins. Ensuring accuracy in processing of these collectively bargained benefits means that all member benefits earned through hard work are applied accordingly.
- Collection and processing of benefit contributions for all types of plans
- Discrepancy and delinquency monitoring and coordination
- Custom Reporting
- Reciprocity administration
- Secure online electronic employer reporting
- Payroll audit assistance
- Capability to adapt to any eligibility requirements (i.e. hour bank, dollar bank, etc.)
- COBRA and self-payment processing
General Fund Administration
General Fund administration brings all aspects of our services together to effectively and efficiently communicate with the Board of Trustees and other interested parties, as well as overall Plan governance and compliance.
- All aspects of Fund accounting (AP, AR, financial statement preparation, etc.)
- Preparation and distribution of Plan minutes
- Meeting planning and coordination
- Vendor RFP support
- Assistance with annual audit and tax preparation
- Facilitation of annual insurance renewals
- And much, much more!
Flexible Spending Accounts
Change Flexible Spending Plans to Consumer Driven Health Plans
These accounts represent hard earned dollars that allow members to take control of their health care spending. Our goal is to help them navigate the rules and regulations and get the most out of every penny.
- Online and mobile consumer portals
- Dedicated customer service team
- Ability to administer all types of CDH plans including HRA, HSA, FSA, VEBA, and dependent care
- Coordination with all types of insurance carriers
Defined Contribution Pension Plans
Retirement is the ultimate reward of a long and successful career. Successfully supporting members through this process is our team’s #1 objective.
- Experienced customer service representatives with plan specific knowledge and training
- Websites tailored to provide the tools necessary for retirement
- Distribution of annual benefit statements and notices
- Ability to administer the RMD process as required by the IRS
- Utilization of multiple resources to locate lost and/or deceased participants
- Collaboration with other Plan professionals in design and maintenance of Plan Rules and Regulations
Defined Benefit Pension Plans
As Defined Contribution Plans have become more prevalent, we have placed an emphasis on creating an all-inclusive environment to support the growth and potential of these plans.
Our experience with these types of Plans include:
- 401(k)
- Money Purchase Pension
- Tax Deferral
- Annuity
- Profit Sharing
- Daily Valued (in-house recordkeeping and/or partnerships with outside recordkeepers)
- Trustee Driven (annually, quarterly, monthly, or daily valued)
Services offered:
- Application and benefit processing
- Preparation and distribution of participant statements
- Customer service
- Monthly contribution posting
- Loan processing and administration