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SRHL Capabilities Statement

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Katie Trinh

on 23 May 2018

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Transcript of SRHL Capabilities Statement


prepared for
THANK YOU
for your time and consideration of Potomac's services
ATTENDEES
Helping Employees Achieve Longevity Through Health education
HEALTHe Initiatives™
ACA Reporting – Forms 1094-C & 1095-C

Form 5500 and Summary Annual Report

PCORI fees Form 720

Section 125 Premium Conversion Plan Documents/SPDs

WRAP Plan Documents/SPDs

Customized Model Notices

Ready access to Employee Benefits Counsel

Compliancedashboard®
Wellbeing
OUR
TEAM
Potomac’s staff operates three service teams, the Green Team, Small Business Unit (SBU), and Compliance Team with the following positions on each team:

Green Team and Small Business Unit
Account Managers and Account Coordinators
The client service team provides day-to-day client account management and client service
Includes 3 bilingual team members

Compliance and Technology Team
Supports clients in COBRA, ERISA, and Section 125 compliance with 5500 reporting, ACA reporting & compliance and third party vendor (TPA) coordination

Wellbeing Consultant
Guides clients in exploring wellness options through their carrier and carefully vetted vendors

HR Support & Outsourcing
In house SPHR with 20+ years of experience
ProSential HR Team for Q&A, mini projects and live sounding board
Capabilities Statement
QUESTIONS?
Quarterly meetings as necessary

ACA education

HR pitfalls & support

CYA - Cover Your Assets Compliance™

Wellbeing & cultural initiatives
for Employees
Total benefits statements

Open enrollment: live, Web-ex, Brainshark, hard copy, Benny Buddy, JellyVision

Benefits and wellness information and materials (including custom benefits booklets)
for C-Suite
Analytics

Benchmarking

Executive plans

Trusted advisor
One system for all payroll and HCM (Human Capital Management) usually at a reduction or similar cost

All employee benefits managed by the system
Integrated approach
reducing or eliminating human error
for HR
Compliancedashboard®

educates, prepares, and reminds users to accomplish compliance tasks specific to their organization and benefits plans

Compliancedashboard®
is a web-based platform for compliance information pertaining to employer sponsored group health plans and their relationship with the DOL, EBSA, IRS, and ACA

Siegfried, Rivera, Hyman, Lerner, De La Torre, Mars & Sobel, P.A.
Barbara Firpi, Chief Financial Officer
Lisa Dooly, Human Resources Manager
Cristi Acosta, Executive Assistant/Paralegal


Potomac Companies, Inc.
Joseph Appelbaum, President


May 24, 2018
Katie Trinh
Account Manager
Small Business Unit
Joseph Appelbaum
President,
Founder & CEO
Milton Foster
Executive Vice President
Large Business Unit
Steve Feldman
Executive Vice President
Small Business Unit
Terry Anderson
Executive Vice President
Plan Sponsor Consultants
Jonathan Lee
Account Manager
Large Business Unit
Sheila Allentuck
Compliance & Human Capital
Management Manager
Q Carleton
Wellbeing Consultant
Stephanie Williams
Director of Account
Management
Steven Zitomer
Vice President of
Worksite Benefits
platform with existing
or
new funds
Our Registered Investment Advisors collectively manage over $3 billion

Bulletproof your 401(k)/
Profit Sharing Plan
Total HCM from the following (but not limited to) vendor partners:
Where is your pain?
Proactive
3 year plan
Annual stewardship
Structure preferred rate requirements to maximize impact
Spousal coverage
Smoking cessation
Outcome-based planning
Ageing population
Medicare supplement assistance
WHAT DOES


NEED?
CURRENT CHAOS
Performance Review
401(k)
COBRA
FSA
HR & Benefits
Sage
Attendance
ACA Reporting
iCIMS
401(k)/Retirement
FSA
HR & Benefits
Time & Attendance
Performance Review
Payroll
COBRA
ACA Reporting
Recruitment
Applicant Tracking
Put everything under one umbrella for a clear and chaos-free path
WHY
POTOMAC?
Joe Appelbaum is an SME (Subject Matter Expert) on employee benefits.

Presents, writes, and contributes to publications on:

Compliance
HR pitfalls
Maximizing value
Minimizing cost
Helping to enhance your culture and reduce attrition

Joe has been published in:

Advocate
for
Employees
Insurance Carriers Resolution
Point of contact who is familiar with your organization and manages your unique needs:
Claims
Disputes
Exceptions
Appeals

Providers
Network participation
Locating and confirmation
Billing issues
Intervention
What do you need?
Trusted advisor

Earlier renewals

Control costs & minimize risks

High levels of guaranteed-issue life and disability

Technology integration for Human Capital Management

Executive medical reimbursement

Strategic planning vs. reactive planning

Personal advocacy

Bulletproofing 401(k)
The results:
Relieve employer anxiety

Maximize efficiency, minimizes risk

Create best possible employee experience
What we do:
Employee Benefits & Insurance

Human Resources Management

Human Capital Management
______________________________________________________________________________
TEAMS

Potomac Companies is licensed in over 40 states and is
located just outside of Washington, DC.

Joe founded Potomac Companies in 1990 with the mission of
helping employers manage the future cost of healthcare. For over 30 years, he has been dedicated to helping employers control healthcare costs.

Potomac has been ranked as one of the region’s top employee benefits brokers by the Washington Business Journal’s Book of Lists for over 15 years. We are one of only two partner firms in the Washington, DC area of the ProSential Group—a national employee benefits, human resources, payroll technology and services organization.
Joe Appelbaum, President and Founder

In FY 2017, EBSA recovered
$1.1 billion
for direct payment to plans, participants and beneficiaries

EBSA closed
1,707 civil investigations
in FY 2017 with 1,114 of those cases resulting in monetary results for plans or other corrective action

EBSA closed
307 criminal investigations
, led to the
indictment of 113 persons
for crimes related to Employee Benefit Plans in FY 2017
Reduce your healthcare utilization and costs

Manage to Zero®
Focusing on key areas to further manage medical renewals towards zero

Our Wellbeing Consultant regularly vets new vendors, and will match you with the carrier and/or vendor program best suited for your needs and budget

Cultural integration

301.840.0770
ja@potomacco.com
Earlier renewals for benefits:

4-6 months
vs.
2 months or fewer
*Depending on group size
HCM Review
Insurance Components
Higher levels of long term disability & life insurance with
NO
medical underwriting (guaranteed issue), competitive rates with multi-year rate guarantee and
NO OFFSET
to individual policies

Increase long term disability limits up to $250k/month guaranteed issue*

Increase life insurance limits to $4 million*

Similar features for higher limits available for short term disability*
Insurance Components
Compliance
Services
ACA
5500
COBRA Admin
Online Resources
How comfortable are you with your knowledge of ERISA, EBSA, and DOL compliance?
Payroll
Full transcript