Employee Benefits for Small Companies | FrankCrum

Employee Benefits for Small Companies

Fortune 500 companies aren’t the only ones who can offer great benefits.

Helping firms of any size offer big-company benefits

A quality employee benefits offering is an important resource in attracting and keeping valued employees. As your trusted employer services partner, FrankCrum offers a full complement of solutions that will fit your budget and match your goals. Our flexible benefit plans allow employees to pay for health insurance and dental plans with pre-tax dollars. These are just some of the advantages that will boost the satisfaction of your employees.

Great benefits options from top carriers

The Affordable Care Act has brought sweeping changes that affect your company and your employees. Our trusted team of benefit professionals can help you understand the new regulations and provide the information you need to ensure compliance.

With FrankCrum as your benefits partner, you can offer your employees the following options from top carriers they know and trust:

  • Health Insurance (multiple plans available)
  • Dental Plans (DHMO, PPO)
  • Vision Plan
  • MEC Plans
  • Voluntary Short Term Disability
  • Long Term Disability and Term Life Insurance
  • Voluntary Life Insurance (up to a maximum of $100,000)
  • Supplemental Insurance Plans (Accident, Cancer, Heart/Stroke)
  • 401(k) Retirement Plans (see details)
  • Flexible Spending Accounts (Medical Reimbursement and Dependent Care)
  • EAP
  • Personal Lines Insurance
  • Entertainment Discounts
  • Credit Union
  • Pet Assure Discount Plan
  • Lifelock
  • Prepaid Legal



Available Benefits

Major Medical Health Insurance – Aetna

  • Available to employees working 30 hours or more per week
  • Choose from multiple ACA-compliant plans based on specific needs
  • Online access to health information, claims, and resources
  • Discounts on eye exams, glasses, contact lenses, weight loss programs, fitness memberships, exercise equipment, and hearing aids
  • Participants receive $10,000 term life and AD&D insurance

See more Aetna major medical details

All groups are subject to underwriting. Employee deductions are available on a pre-tax basis.
Minimum participation and employer contribution requirements apply.

Dental – MetLife

  • Available to employees working 30 hours or more per week
  • Multiple plans to select from with various coverage levels
  • Plans with no waiting period are available
  • Employee deductions available on a pre-tax basis
  • No employer participation or contribution required

Vision Plan – Vision Services Plan

  • Available to employees working 30 hours or more per week
  • VSP doctor eye exams are covered with no co-pay
  • Eyeglass Lenses are covered in full every 12 months
  • Frames $120 allowance toward frames every 24 months or a prescription contact lens allowance of $200 every 12 months
  • Average of 15% discount on Laser Correction procedures
  • 20% off unlimited pairs of prescription sunglasses within 12 months of last covered eye exam
  • Limited coverage for a non-VSP Providers
  • Coverage for dependents up to age 25
  • No employer contribution or participation required

Minimum Essential Coverage (MEC)

  • Available to applicable large employers needing a solution to avoid the ACA Employer Mandate pay or provide 4980H(a) penalty.
  • MEC plans offer employees 100% covered wellness services and immunizations. MEC helps the employer avoid the (a) penalty and helps the employee comply with the Individual Mandate.

Short Term Disability – Lincoln Financial

  • Available to employees working 30 hours or more per week
  • Benefit based on wages and range from $200 – $500 weekly
  • No medical underwriting required
  • Benefits begin on the 14th day after disability and can extend up to 26 weeks • No employer participation or contribution required

Long Term Disability – Lincoln Financial

  • Available to employees working 30 hours or more per week in an eligible class • Maximum monthly benefit is 60% of salary up to $5,000
  • 5 year maximum benefit-elimination period of 180 days
  • Pre-existing conditions and benefit limitations may apply
  • No employer participation or contribution required

Term Life and AD&D Insurance – Lincoln Financial

  • Available to employees working 30 hours or more per week
  • Guaranteed issue of up to $100,000 in coverage for employees up to age 60 with no medical underwriting
  • Competitive group rates
  • Portable after 12 months of group coverage
  • No employer participation or contribution required

Group Supplemental Products – Allstate

  • Group Indemnity (Limited Medical) Plan: A unique limited medical plan for employers not offering group medical coverage. Provides in- and out-patient benefits including prescription, wellness, emergency room and doctor visit benefits.
    The Beech Street PPO network is included which provides substantial discounts from member hospitals and providers.
    No employer contribution is required, but is encouraged.
  • Group Accident: Pays cash directly to participant for on and off-the-job accidents. This plan provides over 25 benefits for emergency room and hospital/ICU confinement, dislocations, fractures, loss of limbs, and death as a result of an accident.
  • Group Cancer/Specified Illness: Pays cash directly to the participant and can be used for non-medical related expenses that health insurance may not cover on specific treatments and expenses as they happen. Covers 29 other diseases.
  • Group Critical Illness: Pays a lump sum $10,000 or $20,000 directly to the insured at the time of diagnosis for heart attack, stroke, heart transplant and other threatening conditions as defined in the policy.
  • Group Universal Life Insurance: Provides a valuable, permanent life insurance benefit along with a tax-deferred cash value account that grows at interest which can be used for retirement, children’s education or emergencies. Several riders are available to enhance and customize the policy.
  • Medical Gap Plans Group Major Medical Complement/ Supplemental Health Options Policy: Designed to complement existing major medical insurance and help provide first dollar benefits to fill the gap between what the current major medical coverage will pay and what is owed for in- or out-patient care. This plan is custom designed for each company by our benefit team.
  • Allstate plans are available to employees working 30 hours or more per week and no employer contribution is required.

401(k) Retirement Savings Plan – Slavic

  • Available to employees working 30 hours or more per week
  • No employer set up costs
  • Plan documents and Form 5500 are handled by FrankCrum at no additional cost
  • Select from numerous investment options
  • Employees can defer up to 90% of their salary or the annual maximum on a pre-tax basis
  • Employers choose a contribution plan from four options
    • Match plan with up to 100% match of employee deferral
    • Non-match plan
    • Safe harbor non-elect plan
    • Safe harbor match plan with up to 4% match

See more 401(k) retirement savings plan details

Flexible Spending Accounts (FSA)

  • Available to employees working 30 hours or more per week
  • Tax advantage for reimbursement of qualified out-of-pocket medical and daycare expenses
  • Participants can set aside up to $2,500 for medical expense reimbursement and up to $5,000 per year (if married filing jointly or single parent) or $2,500 per year (if married filing separately) for dependent care reimbursement
  • No employer participation or contribution required

Employee Assistance Program (EAP)

  • Available to employees regardless of hours worked
  • In addition to face-to-face and telephone services, EAP Consultants, Inc. offers employees and their family members a number of convenient on-line services as part of the Employee Assistance Program. These services give them access to confidential and expert information on an unlimited basis, 24 hours per day
  • Provides employees with experienced licensed psychologists, licensed clinical social workers, licensed professional counselors, licensed marriage and family counselors, certified alcohol and drug counselors
  • Paid by the employer

Personal Lines Insurance – MetLife

  • Available to employees regardless of hours worked
  • Convenient payroll deduction available
  • Policy types include auto, homeowner, personal excess liability, boat, condo, motor home, recreational vehicle, and renter’s

Entertainment Discounts – TicketsAtWork

  • Available to employees regardless of hours worked
  • Employees and their family members receive discounts and special access to theme parks and attractions including the Walt Disney World® Resort, Universal Studios®, Las Vegas and New York City shows and performances, Disneyland®, SeaWorld®, Six Flags, and Cirque du Soleil! Check with TicketsAtWork.com for savings on car rental, hotels, tours, and attractions across the U.S. Save on movie tickets, sporting events, and other special events.

Corporate America Family Credit Union (CAFCU)

  • Available to employees regardless of hours worked
  • Established in 1939, serves over 65,000 members nationwide, more than 6,700 locations available and over 49,000 surcharge-free ATM’s
  • Online Membership Enrollment, Person2Person (P2P) powered by PayPalTM, Personal Financial Management Tool (PFM), Online Account Opening, Mobile DeposZip, iPhone/Droid Apps, Text Banking, Alert Center, eStatements,
  • Checking, Savings, Vehicle Loans, Mortgage Loans, Home Equity Loans, Visa® Credit Cards, Quick Cash Line of Credit, Signature Loans

PetAssure

  • Available to employees regardless of hours worked
  • Pet Assure is the nation’s largest Veterinary Discount Plan. For $7 a month, employees save 25% on all medical services provided by network veterinarians, including office visits, surgical procedures, x-rays, shots, and dental care.
  • Pet Assure members enjoy savings of 5-35% at thousands of participating merchants. Employees save on everyday basics such as: food, treats, medications, supplies, and more.
  • Pet Assure members receive a special Pet Assure Locator Service ID tag for every pet registered.

LifeLock

  • Available to employees regardless of hours worked
  • LifeLock offers a comprehensive protection against identity theft. As the industry leader, LifeLock provides peace of mind with proactive protection.
  • For as little as $2.13 a week, LifeLock service provides peace of mind knowing personal information is being monitored 24/7/365

Legal Access Plan

  • Available to employees regardless of hours worked
  • Special group rate of $15.95 per employee per month paid by the employer or employee
  • Plan provides discounted legal services, free half hour attorney consultations, and free legal services for simple wills, living wills, and letters on behalf of the participant or their family member