January 20, 2015

New Year Benefits Checklist for Plan Administrators

January 20, 2015

[caption id="attachment_1330" align="alignright" width="339"]

Photo Credit Sven Erik

New Year? New Checklist || Photo Credit Sven Erik[/caption]As we open a new year, it's a great time to refresh your records with updated information.Here is a checklist you may find useful as a plan administrator:

  • Request a Taxable Benefits report from Beneplan, so that you can add taxable benefit amounts onto T4s.
  • Report any salary changes to Beneplan if you have any disability benefits, or if your life insurance is tied to salary (E.x. "100% of Salary")
  • Ask employees to report any life changes:
  • New dependents (births, adoptions, etc)
  • New spouses (Marriage / Common Law as of 12 months of cohabitation)
  • Removing dependents
  • Change of address
  • Changing beneficiaries
  • Change of name
  • Spouse lost/added coverage (This affects co-ordination of benefits)
  • Remove terminated employees
  • Let Beneplan know if you have any employees who are not actively at work due to:
  • Sick leave
  • Leave of absence
  • Severance
  • Layoff (short/long term)
  • Any other leaves, outside of vacation and maternity leave

Please email admin@beneplan.ca with your changes or call 1-800-387-1670 and press 0 for assistance.

[caption id="attachment_1330" align="alignright" width="339"]

Photo Credit Sven Erik

New Year? New Checklist || Photo Credit Sven Erik[/caption]As we open a new year, it's a great time to refresh your records with updated information.Here is a checklist you may find useful as a plan administrator:

  • Request a Taxable Benefits report from Beneplan, so that you can add taxable benefit amounts onto T4s.
  • Report any salary changes to Beneplan if you have any disability benefits, or if your life insurance is tied to salary (E.x. "100% of Salary")
  • Ask employees to report any life changes:
  • New dependents (births, adoptions, etc)
  • New spouses (Marriage / Common Law as of 12 months of cohabitation)
  • Removing dependents
  • Change of address
  • Changing beneficiaries
  • Change of name
  • Spouse lost/added coverage (This affects co-ordination of benefits)
  • Remove terminated employees
  • Let Beneplan know if you have any employees who are not actively at work due to:
  • Sick leave
  • Leave of absence
  • Severance
  • Layoff (short/long term)
  • Any other leaves, outside of vacation and maternity leave

Please email admin@beneplan.ca with your changes or call 1-800-387-1670 and press 0 for assistance.

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