GDI: Expert Flexible Benefit AdministratorsGroup Dynamic, Inc. works with thousands of employer groups nationwide. GDI’s expertise as flexible benefit administrators can take the stress out of self-administering these programs. With twenty years in the business, GDI’s practices are tested, our experience is broad and the results speak for themselves. Our entire business has been built on referrals. Our clients, broker partners and participants continually refer us to other organizations. We value each client and referral that comes our way. We strive to make our processes and procedures easy for you and your employees. Our detailed implementation processes will educate you and your employees. We save you time and money while helping your employees use and understand their benefits. We work with employers to offer the following services to their employees:
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“Your turnaround (for reimbursements) is always exceptional.” – Banner 17 LLC DBA Boston Celtics “We have been working with Group Dynamic for years and continue to require additional services that they are able to provide for us. They handle the burden of the administrative details with great proficiency and make their services more attractive for us to offer.” – Wendy S. Scribner, SPHR, VP Human Resources, Hancock Lumber Company “The COBRA Administration service provided by Group Dynamic, Inc. is topnotch! Prior to signing up for Cobra services, I was always guessing if I was handling each incident correctly. Now, GDI staff ensures that we are fully compliant with the regulations. Your service is impeccable. Thank you!” – Judy A. Lovely, Federal Savings Bank “I cannot say THANK YOU enough! I appreciate it. Group Dynamic really makes everything so easy!” – CB Richard Ellis/Boulos Property Management “It’s so nice doing business with you guys, you make it so simple.” – Eventective “GDI is always so quick to respond. I really appreciate the wonderful customer service provided by the Group Dynamic staff. It is a rare thing these days!” – Neighborhood Legal Services “Just wanted you to know that whenever I have questions, I call your office and there is always someone there to assist me. Your staff is very knowledgeable and always helpful!” – Kennebec Community Action Program Read more...
A Premium Only Plan (POP) allows employees to save federal, state, and FICA taxes on their contributions toward qualified insurance plans. Employers save the FICA tax match on the same contributions. Additionally, premium only plans are the foundation for other tax savings plans such as Flexible Spending Accounts, Health Reimbursement Arrangements and Health Savings Accounts. Employers purchase GDI’s POP service to stay in compliance with the requirements of IRS Code Section 125. Let us help you get this tax shelter working for you. GDI’s Premium Only Plan Services include:
Flexible Spending Accounts (FSA)GDI specializes in the design and implementation of flexible benefit plans, including flexible spending accounts. Flexible benefit plans vary in complexity from premium only plans to credit-based arrangements and our services dovetail perfectly with the needs of all types of employers.
Limited Purpose Medical Flexible Spending Account (FSA)This type of FSA differs from a general purpose Medical FSA only by the type of expenses eligible for reimbursement. A Limited Purpose Medical FSA plan allows HSA participants to be reimbursed for out-of-pocket dental, vision and preventive care expenses. Employee contributions to the account are deducted pre-tax, the "use it or lose it" rule applies, and participants may access their entire annual election at any time during the plan year. For more information about this type of Medical FSA, click on the links below:
Transportation Fringe Benefit Plan (IRS Code Section 132)The purpose of GDI’s Transportation Fringe Benefit Plan (Section 132) services is to relieve employers of the burdens associated with managing the reimbursement of transit and parking expenses under an IRS Code Section 132 Plan. Our administrative services are easy to implement and seamless to manage. GDI Services include:
COBRAKeeping pace with your obligations under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”) is a daunting task. Group Dynamic, Inc.’s COBRA Administration services will put your mind at ease, because you will be sure that your responsibilities are being met under the law. We have the expertise and commitment to provide both you and your qualified beneficiaries with unsurpassed service. Outsourcing your COBRA obligations has never been easier. Additional Information: Health Reimbursement Arrangements (HRA)GDI’s experience with Health Reimbursement Arrangements (HRAs) and our design flexibility distinguish us in an era of consumer-directed health care. The shift from a traditional health plan is a challenging but necessary decision for many employers. Balancing organizational and employee needs require thought and care in order to maximize employee’s understanding and minimize any transition concerns that may arise.
GDI Retiree SolutionsGDI has expanded two of its core services to assist employers who provide health care for retirees. Our Retiree Health Reimbursement Arrangement (HRA) is designed to assist employers with establishing a defined contribution solution for their retiree population. GDI’s Retiree Billing service was developed to relieve the administrative burden of billing and collecting retiree insurance premiums. Additional Information: Exciting Technology Enhancements at GDI!Webinar: Overview of GDI's technology* *Requires Microsoft Windows Media Player. |
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