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Contact Information
Provess Flexible Benefits
4050 Katella Avenue, Suite 213
Los Alamitos, CA 90720
Phone: (866) 639-5289
E-Fax: (866) 264-4093
E-mail: admin@provess.com
Palm Springs and Midwest Locations...
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Provess Flexible Benefits - A Unique Provider of Specialized Insurance and Administration Services
Provess Flexible Benefits is a closely held corporation that was originally formed in 1984 in the state of California, as New Liberty Administrators. We have specialized in complete installation and administration of IRC Section 125 Cafeteria Plans since 1985. In addition to Section 125 Plans we have become a leader in the field of voluntary worksite employee benefits.
Our many years of experience make us not only the premier "Third Party Administrator" but also the choice of hundreds of brokers and agents throughout the states.
Provess' Clients
Provess' ultimate customer/client base includes any business, organization, institution or insurance production resource that is owned or operated by, employs, serves, and/or partners with culturally diverse minority groups that are traditionally under served by the life, health, senior health, and disability insurance industry.
Market segments range from small and medium to large commercial accounts. They can and do include commercial enterprises, banking and financial institutions, professional organizations, associations, social program constituencies, nonprofit organizations, and public sector entities.
Provess' Products and Services
SECTION 125 (FLEXIBLE SPENDING PLAN) ADMINISTRATION
Provess has installed and administers Cafeteria Plans for over 1,300 corporate clients in many states with approximately 60,000 employees. We currently save these companies more than 12 million dollars annually. Provess:
Conducts group and individual meetings with all employees
Completes all consent and waiver forms for employee signatures
Documents filings with the Department of Labor (if necessary)
Provides complete administration and support
Prepares Plan Documents
Prepares Summary Plan Description
Prepares ERISA Document (if necessary)
Verifies and tests for compliance with federal regulations
Performs ongoing monthly maintenance
Prepares monthly reimbursement vouchers and checks
Assists with claims processing to ensure timely payments
Operates in accordance with IRS regulatory compliance
Provess offer its clients the quality of service often associated with smaller companies, but with the expertise and product association of some of the largest insurance companies in the U.S. With this in mind, Provess is always striving to deliver a simplified, cost efficient service that is completely time efficient for each of its clients.
Provess structures and administers either a "Full Flex" Cafeteria Plan or a "Premium Only" Cafeteria Plan, at very competitive rates.
VOLUNTARY WORKSITE BENEFITS
If you are like most employers, employee benefits and expense challenges are a part of your business. Provess offers employers competitive solutions to help attract, retain and reward employees by offering them supplemental, voluntary benefits.
Workplace Products enhance the employee benefits value of your company, through meaningful voluntary benefits and personalized hands on service. In today's competitive workplace, a company that can offer a wide range of benefits for an employee to choose from generally has an easier time attracting and maintaining a qualified staff. The companies we represent offer a series of plans for you to choose the level of coverage that is right for your employees.
These benefit plans are voluntary and offered at no cost to the Employer. These benefits are paid by employee and qualify under the Section 125 Tax Free Plan which reduces the employers Payroll Tax Liability and reportable payroll for Workers Compensation premium providing additional savings to the business.
Our companies offer a full suite of Voluntary Benefits including:
Cancer and Dread Disease
Accident Illness/Disability Income
Supplemental Health Options Plan
Special Group Life Programs
Critical Illness Insurance
Key Employer Benefits Include:
No cost to Employer
Qualifies under employer's tax-free "Cafeteria" Section 125 Plan
Reduces Employer Tax Liability
Enhances current benefit package to attract and retain employees
Easy implementation and administration. No internal administration.
Helps fulfill diversity initiatives.
Provess is a Minority Owned Business Enterprise (MBE)
A Word About Minority Ownership
Provess is a multi State personal insurance services company that delivers service management solutions as a third party administrator of Section 125 Tax Free programs and Voluntary Benefits. Provess is also a minority owned business enterprise (MBE), providing monthly administration services to over 1500 companies in 27 States. Its value is based on its distinct operational and marketing approach, and the company's status as a minority-owned entity in a unique time in this country's history. This of particular important to large companies and public entities that are striving to expand their use of minority and women owned vendors of products and services.
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Flexible Benefits
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September 2009