What Are the Responsibilities of a Benefit Plan Administrator?

What Are the Responsibilities of a Benefit Plan Administrator?

The benefits plan administrator handles all of the details that make the benefits plan function for your business and employees. Are you a business or employer looking for group benefits coverage for your employees? You’re in the right place to discover the right quote for your team. Keep reading to learn more about the responsibilities of a benefit plan administrator.

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What Does a Benefit Plan Administrator Do?

If your company has group insurance for employees, the plan administrator must perform many duties on a timely basis, including maintaining information and updating it through contact with employees.

Do you know what these duties are? They include:

  • Handling enrollment and removal
  • Noting life event updates
  • Tracking employment status
  • Offering coverage options
  • Keeping employees informed
  • Reviewing paperwork
  • Renewing benefit packages

Benefit administrators tackle these actions to manage the day-to-day benefits plan operations. Let’s take a more in-depth look at the most essential tasks that plan administrators handle regularly.

1. Handling Employee Enrollment and Removal

2. Updating Key Life Events

3. Noting Employment Status Changes

4. Communicating Coverage Options

5. Informing Employees About the Claims Process

6. Reviewing Statements, Billing, and Payments

7. Renewing Plans as Necessary

8. Fiduciary Responsibilities


Compare Quotes for Benefit Packages with Group Enroll

While employees have access to some basic health and dental coverage through the Canadian government, employers can improve on that access while providing other valuable benefits. If you’re looking to offer group insurance benefits to your employees, you can compare insurance and other practical benefit plans through Group Enroll.

What are the benefits of group insurance and other beneficial plans? These plans connect your employees with additional coverage that no one else provides. Your company can hold the key that provides access to benefits and draws the attention of capable employees.

Are you ready to find the benefits package that will make a difference for your business? Group Enroll will help you compare rates from multiple providers to ensure you get the best price for your goals. You only need to fill out our free multiple quote form to open the door to great benefit rates.

Now that you know more about what a benefit plan administrator is responsible for, it’s time to get your personalized group benefits quotes from Group Enroll here. Learn more about finding the best benefits by emailing hello@groupenroll.ca or visiting 10 Great Gulf Drive, Unit 5, Vaughan, ON, L4K 5W1.