Benefit Administration
Paycom’s online and integrated system provides employers and their employees a simplified solution for managing new hire and open enrollment benefit administration. Plus our reports can help you compile census information for your insurance company and ensure accurate payments are made to providers.
The Paycom Difference is . . .
Integrated Benefit Administration With Payroll
True integration eliminates the duplicate data entry of benefits information into separate systems.
- When your benefits department has approved an employee’s benefits request, by simply clicking Update, the new deductions are loaded into payroll.
Simple Employer Setup
Paycom’s tools provide you with great flexibility in setting up your benefit plans.
- Define each benefit plan with deduction amounts, open enrollment dates, new hire waiting period and more.
- Use Batch Editing to update deduction amounts for all employees selected.
- For Health, Dental and Vision, you can input monthly premiums by benefit level and set different deduction amounts based on your choice of criteria, e.g., pay grade, pay frequency, tenure, etc.
- Set open enrollment time frames and new hire time frames as well as future premium and deduction amounts.
- Set up different benefit groups for employees with different benefit options, e.g., warehouse workers may have uniform deduction.
- Upload enrollment forms, carrier website links, policies and more for employees to access online.
Easy Access for Employees
Through Employee Self-Service your employees have online access to their benefit information.
- Employees can view the benefits they are currently enrolled in and select the benefits for which they are eligible to enroll in during open enrollment or after their new hire waiting period.
- Employees can view their actual pay period deduction amounts associated with their different benefits (health, dental, etc.) and benefit levels (employee only, employee and family, etc.).
- Employees can model a sample paycheck and see the effect of new deduction amounts.
- Employees can access employer uploaded items such as enrollment forms, carrier website links, policies and more.
Helpful Reports for Tracking Your Benefit Information
Paycom allows you to easily report on any data in the system and save your reports in HTML, Excel or CSV formats.
- Our popular Census Report compiles all the information an insurance company needs to provide a quote for your group.
- Our Benefit Reconciliation Report gives you the tools to reconcile your enrollment and employee deductions against the insurance company’s bill.
- You can run the Benefit Report to see which of your employees are currently on any benefit.
- You can run the Benefit Eligibility Report to see which employees are eligible for what benefits based on eligibility dates.