Benefit Administration

Benefit Administration involves the management and oversight of employee benefits provided by organizations, including health insurance and retirement plans, ensuring they are effectively implemented, maintained, and compliant with relevant regulations.

IRC Section 125 Administration

IRC Section 125 Administration involves managing and ensuring compliance with rules for Section 125 Cafeteria Plans, which enable employees to use pre-tax salary contributions for qualified benefits, thereby reducing taxable income and potential tax liability.

Enrollment & Eligibility Management

Benefit Enrollment Management refers to CBG’s process of administering and overseeing the enrollment of employees in various benefit programs offered by an employer

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Billing Reconciliation

CBG’s Billing reconciliation involves the process of comparing financial records to ensure accuracy and consistency between various sources of data, such as invoices, payments, and account statements

COBRA Administration

COBRA Administration ensures compliance with the 1985 Consolidated Omnibus Budget Reconciliation Act, allowing eligible employees and dependents to retain group health insurance coverage during qualifying events that would otherwise terminate it.

ACA Reporting

ACA reporting assists with requirements under the Affordable Care Act (ACA) for employers to report information about the health coverage they offer to their employees.

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Retirement Plan Administration

403(b) Retirement Plan Administration involves overseeing tax-deferred retirement savings plans, known as tax-sheltered annuities (TSAs), offered by tax-exempt organizations and nonprofits under Section 403(b) of the Internal Revenue Code.