Intuit’s UniPlan 401(k) service and Section 125 plans, along with Pay Along the Way Workers’ Compensation Service are being added to Intuit’s “Right For My Business” strategy, a service that provides human resource and accounting services to small and medium sized businesses, according to a news release.
The UniPlan 401(k) service is integrated with Intuit’s Complete Payroll services and includes investment options from Oppenheimer, T. Rowe Price, Fidelity Advisor, American Funds, and Van Kampen investments. The service, tailored to suit client preferences, includes:
- free fund re-allocation for participants
- quarterly statements for employers and participants
- contribution deferrals processed and transmitted electronically each pay period.
Intuit’s Section 125 Plans enable employers to offer health insurance on a pre-tax basis, with offerings in Premium Only Plans (POP) and Flexible Spending Accounts (FSA). Compliance and administrative services include:
- customized plan documents
- ongoing compliance reviews
- annual discrimination testing and change of status support
- annual re-enrollment tools.
Pay Along the Way Workers’ Compensation Service allows small and medium sized business to pay for coverage incrementally, rather than paying up to a year in advance based on payroll projections. Premiums are calculated based on actual payroll data. Intuit provides the service in connection with workers’ compensation insurance sold by The Hartford.
Intuit’s HR benefits products and Pay Along the Way Workers’ Compensation Service are currently available to Intuit Complete Payroll customers. Pricing and additional product information can be obtained by calling Intuit Payroll Services toll free at 888-206-5711, option 2, or at www.payroll.com .
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