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Flexible Spending Accounts and Dependent Care Account Programs (collectively “FSA”) are a common benefit offered by employers that allow participants to set aside funds on a pre-tax basis, to be used to cover unreimbursed and uncovered medical expenses and eligible dependent care expenses.  These arrangements are advantageous for both the sponsoring employer and the participating employees.  Trest offers an FSA solution that enables employers to implement these arrangements, as part of the employer’s overall employee benefits program, without the need to be involved in complicated administration.

FSAs reduce payroll taxes for every dollar the employee contributes to the arrangement, which allows the employer to save on FICA taxes.  These arrangements also enhance employee benefits packages, help attract and retain motivated employees, and increase employee satisfaction.  For employees, participation in an FSA reduces income tax because pre-tax payroll contributions result in lower taxable salary.  Individuals also save on the cost of eligible health and dependent care expenses because the expenses are paid with pre-tax dollars.  Trest’s FSA solution takes the administrative burden out of offering a reimbursement program. We manage all aspects of administration and work closely with employers to ensure complete satisfaction, including seamless implementation, accurate ongoing administration, and dependable compliance.

Through our FSA solution, our professionals prepare the plan documents, summary plan description, enrollment forms and other required documentation.  Trest handles enrollment, election changes and claims, and provides prompt reimbursement. We also provide a 24-hour customer care center.  Our FSA solution is serviced by experienced administrators, with the support of our employee benefits lawyers and other professionals, which makes us the perfect choice to service your FSA needs.

COBRA Administration

When you choose COBRA compliance via our comprehensive and efficient administration service you enjoy considerable cost savings over administering COBRA in-house. We use highly sophisticated and reliable software that tracks COBRA continuation coverage eligibility.

Retiree Support and Billing

As baby boomers age, retiree numbers climb. It’s a challenge to help this influx of retirees deal with rising healthcare costs. Our retiree billing truly complements your overall healthcare benefits strategy. This employee benefits administration service ensures accuracy and timeliness while reducing demands on your Human Resources staff.

Nondiscrimination Testing

Trest has years of employee benefits experience supported by industry, governmental, and compliance experts. We take the guesswork out of these tests and help ensure compliance of your various employee benefits plans.

QDRO Administration

We administer QDROs from start to finish and ensure that all Order comply with the provisions of the plan and applicable law, and are capable of administration.The employer virtually has no role in the process, which is highly desirable.

Forms 5500

Penalties for failure to comply with IRS regulations can be costly. Trest has the skill and experience to satisfy Form 5500 filing requirements for your employer-sponsored health and welfare benefits.

ERISA Compliance

Trest ensures that your plan complies with ERISA’s ever changing requirements in order to avoid costly audits and litigation. Trest manages all necessary documents, forms, and record keeping.

HIPAA Compliance

Trrest’s HIPAA Compliance service removes employee burden to research need and create documents. We provide the various required documents, and our pre-recorded presentations help outline responsibilities for staff.