GDI: Expert Flexible Benefit Administrators

Group 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:

• Premium Only Plans (POP)
• Flexible Spending Account Plans (FSA)
• Debit Card
• Health Reimbursement Arrangements (HRA)
• Transportation Fringe Benefit Plans
• Retiree Solutions
• COBRA Administration
  

To request a proposal for any of our products, please click here.

“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

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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:

• Annual non-discrimination testing as required by the IRS.
• Plan documents as required by current IRS and Department of Labor regulations.
• Email notification of all IRS regulatory changes.
• Receipt of quarterly newsletter, The GDI Source.
• Enrollment and education materials.
• Ongoing access to on staff Compliance Officer and other professional administrators.
• Access to additional GDI services as your organization grows. We offer Flexible Spending Accounts, Health Reimbursement Arrangements and COBRA services.
  

Additional Information:

• Request for Proposal
• POP Implementation Checklist
• POP FAQ

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.

Medical Flexible Spending Accounts are an effective method for employers and employees to save taxes on healthcare expenses.

Dependent Care Flexible Spending Accounts allow employees and employers to save taxes on daycare expenses.

Additional Information Flexible Spending Account Plan Services Request for Proposal Flexible Spending Account FAQ Leave of Absence Options Managing Participant Terminations Options for Forfeited Funds COBRA Guide for Employers

FSA Forms Account Change Form 2012 FSA Request Form 2011 FSA Request Form FSA Payroll Deduction Template Sample Initial COBRA Notice for Medical FSA Sample COBRA Enrollment Form for Medical FSA FSA COBRA Checklist for Terminations FSA Enrollment Template

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:

• Request for Proposal
• Eligible Expenses - Limited Purpose FSA
• Eligible Expenses - Limited Purpose FSA (Spanish)
  
• 2012 Limited Purpose FSA Request Form
• 2011 Limited Purpose FSA Request Form

 

The Benny™ Debit Card

The FSA Debit Card allows you to make purchases at health care providers and have the funds deducted directly from your Medical Flexible Spending Account balance. The card is swiped at the point-of-sale just like a regular credit card.

This cash-flow tool increases participation in Medical Flexible Spending Accounts because it makes funds more accessible than the traditional paper claim approach. Employers benefit due to increased FICA savings as well.

Group Dynamic, Inc. partners with Evolution Benefits to offer its clients the The Benny™ FSA Debit Card. To find out about The Benny™ Debit Card, visit www.MyBenny.com.

The Benny™ Debit Card 18 dollars per participant, per year; each participant receives two cards. 10 dollar fee for replacement cards. Cards are replaced every 5 years. New elections are loaded onto the same card each year.

Additional Information:

• Employer Debit Card Worksheet
• Brochure
• Employer Benefits
• Pre-funding Requirement
• Implementation Checklist

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:

• Legal documents updated as IRS regulations change
• Employee education and enrollment materials
• Assistance with employee meetings
• Participant payment stub reflects YTD account activity
• Direct deposit of employee reimbursements
• Employer reports available upon request
• Access to client specialists to answer day to day questions
• On staff Compliance Officer
• Customer service representatives answer the phone during business hours. You won’t ever get lost in an automated phone tree.

Additional Information: Request for Proposal 2012 Transportation Fringe Benefits FAQ

Transportation Forms: 2011 Transportation Request Form 2012 Transportation Request Form 2012 Transportation Parking Only Form Transportation Receipt Transportation Enrollment Template

COBRA

Keeping 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:

• GDI COBRA Services
  
• Request for Proposal

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.

Our experienced staff works with employers to craft solutions which fit the needs of the organization; and this partnership has created hundreds of individualized plan health reimbursement arrangements. Let our knowledgeable staff help you move forward through this exciting change.

• HRA Services
  
• Request for Proposal
• HRA FAQ
• HRA Plan Design Options

GDI Retiree Solutions

GDI 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:

• GDI Retiree Solutions Brochure
• Request for Proposal

Exciting Technology Enhancements at GDI!

We would like to take this opportunity to convey an exciting development at GDI. In the coming months we will be updating our core FSA, HRA and Transportation technology which will provide clients and employees a host of new features and capabilities.

Click here for the official announcement.