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Retirement Plan Administration
APA Benefits, Inc, As a Third-Party Administrator (TPA) plays a crucial role in the successful operation of 401(k) and Profit Sharing Plans. Essentially, we act as an outsourced expert, handling many of the administrative burdens that would otherwise fall on the plan sponsor.
APA Benefits, Inc. also provides recordkeeping services for all types of retirement plans.Defined Benefit/Cash Balance Administration
A defined benefit plan guarantees a specific retirement income, usually a percentage of your final salary multiplied by years of service. The employer assumes the investment risk and promises the stated benefit. In contrast, a cash balance plan is a hybrid type of defined benefit plan that resembles a 401(k). It credits employees with a hypothetical account balance each year, earning a guaranteed interest rate. While it appears similar to a 401(k), the employer ultimately guarantees the promised benefit, not just the contributions.
Flexible Spending and HRA/HSA Administration
An FSA (Flexible Spending Account) allows employees to set aside pre-tax money from their paycheck to pay for eligible medical expenses. This reduces their taxable income and lowers their overall tax burden. A Limited FSA is a more restricted type of FSA that can only be used to pay for specific medical expenses, typically limited to dental and vision care. This allows employees to save on these expenses while still being eligible for a Health Savings Account (HSA), which has broader coverage and can be used for a wider range of medical expenses.
COBRA Adminisatration
COBRA (Consolidated Omnibus Budget Reconciliation Act) is a federal law that allows you to temporarily continue your employer-sponsored health insurance coverage after losing your job, reducing your work hours, or experiencing certain life events. This crucial coverage bridges gaps in healthcare access during transitions, ensuring you and your family maintain essential medical care. While COBRA provides a valuable safety net, it's important to remember that you are typically responsible for paying the full premium, which can be significantly higher than the cost when you were employed.
What We Do
We provide expert administration on various tax deferred employer sponsored plans. Form Retirement to Health Savings accounts, APA Benefits, Inc. is the right direction for your future!
Our Commitment
Timely
In today's hyper-competitive landscape, time is of the essence. Our cutting-edge solutions deliver unparalleled speed and efficiency, ensuring your business stays ahead of the curve. We understand the critical importance of timely execution, minimizing delays and maximizing productivity. By leveraging our innovative technologies and streamlined processes, we empower you to achieve your goals with unmatched agility and seize fleeting opportunities before your competitors.
Accurate
Experience unparalleled precision with our solutions, delivering results that are not just good, but exceptional. We prioritize meticulous attention to detail, employing state-of-the-art technology and rigorous quality control measures to ensure impeccable accuracy in every aspect of our operations. Our commitment to flawless execution minimizes errors and maximizes the reliability of our services, providing you with the confidence that your critical decisions are based on the most precise and trustworthy information available.
Compliant
Navigate the complex and ever-evolving regulatory landscape with confidence. Our expert team ensures your benefit plans maintain impeccable adherence to all applicable laws and regulations, including ERISA, HIPAA, and the Affordable Care Act. We proactively monitor legislative changes, implement robust compliance protocols, and provide comprehensive guidance to mitigate risk and minimize potential penalties. By partnering with us, you can rest assured that your employee benefits programs are not only legally sound but also optimized for maximum efficiency and employee satisfaction.
What makes us different
Our Team
Jared began working at APA Benefits in 1998 where he took over from his father who started the firm in 1969. Jared Serves as the President and works closely with the daily administration.
Janice has worked for APA Benefits, inc. for more than 20 years. She has a deep knowledge of plan design and administration of Flexible Spending, Health Savins, Health Reimursement Accounts, and COBRA.
Heather has been working for APA Benefits, Inc. for over 20 years. Heather is incredibly organized and does a great job overseeing 401(k) plan administration.
56
Years in Business
45
States Served
Testimonials
I've had the pleasure of working with this group for over 20 years. They are like extended family to us and serve our company well.
Very pleasantly suprised! This is my first experience with them. We are new this year. I was very happy with the customer service receiverd and how quickly my concern was resolved. The best yet.
The staff was very responsive and asked all the right questions. Their goal was to file an accurate 5500 form. They did not cut corners and their fee was reasonable.