At SBS, We know how difficult and demanding the world of benefits administration can get. Let us take care of the details so that you don’t have to. Take the first step by calling us at 210-659-8100 (or toll free at 888-659-8151) and find out how simple the process is for transitioning your plan administration. We have the expertise. We have the dedication. We want to be your Third Party Administrator.

Premium Only Plan Administration

SBS provides seamless administration of POP plans. Our administration Services include:

  • Development of enrollment forms
  • Development of Summary Plan Description
  • Model Plan Document
  • Completion of Non-Discrimination Testing limited to Key Employee Concentration Test

Health Savings Account Services (HSA)

With HSA’s from SBS, employers can provide a tax-advantaged option so that employees can save for qualified medical expenses. Our services include:

  • HSA Employee Enrollment
  • Record Keeping
  • Investment Options
  • Customer Support Services
  • Welcome Kit
  • Online Access
  • Checks

COBRA Administration

Administering COBRA and remaining in compliance with federal mandates requires an enormous investment in time, energy and resources and can become a difficult and time consuming task. At SBS, we know COBRA. Let us use our time, energy and resources so that you don’t have to. Our administration services include:

  • Take over of all existing COBRA participants
  • Access to Online COBRA notification system
  • New Enrollee EDI uploads
  • Qualifying Event forms
  • Initial COBRA rights notices including HIPAA Pre-existing conditions notice
  • Notification of rights to elect COBRA continuation
  • Certificates of Group Health Plan Coverage
  • Payment coupons
  • Monthly reports

Section 125 Full Flex Cafeteria Plans (FSA)

At SBS, our emphasis is on service performance and on using our knowledge and expertise for the benefit of our clients. Service and knowledge are among our core values. When it comes to Section 125 plan administration, you want a TPA that will administer your plan accurately, smoothly, and cost-effectively. Our administration services include:

  • Development of Enrollment Forms
  • Development of Summary Plan Description
  • Model Plan Document
  • Confirmation Notices
  • Online Access
  • Direct Deposit
  • Flex Benefits Payment Card
  • Mobile Text Balance
  • Email Alerts
  • Online Claim Entry/Receipt Uploads
  • Completion of Non-Discrimination Testing (Limited to: Cafeteria Plan – Key Employee Test and Dependent Care Spending Account – 55% Utilization Test

Health Reimbursement Arrangement (HRA) Administration Services

An HRA offers certain advantages to employers and employees. By choosing a high deductible health insurance plan, the employer is able to reduce premium payments and save money. The HRA is then established to cover the difference between the former deductible and the new high deductible amount. Ultimately, by coupling an HRA with a high deductible health insurance plan, employers are able to reduce their health care costs in a way which keeps employees happy and places no extra financial burden upon the employees. Our administration Services include:

  • Health Reimbursement Arrangement Plan Document
  • Summary Plan Description
  • CMS Reporting (if applicable)
  • Monthly claims processing
  • Plan Utilization Report upon request
  • Customer Service Support for Employer and HRA Plan Participants


Form 5500 Preparation Services

Employers, who offer health and benefit plans, as well as large employee welfare benefit plans, must file a Form 5500 every year, reporting their plan’s involvement for the year. The Form 5500 is a critical document which must be accurate and submitted on time. The information in a Form 5500 is used by the Internal Revenue Service (IRS), Department of Labor (DOL) and the Pension Benefit Guaranty Corporation to assess employee benefits and economic trends and policies.

SBS Form 5500 services include:

  • All documents, including Form 5500 and Schedule A’s
  • Preparation of Form 5558 to request filing extension if necessary
  • Records Retention-7 years

Avoid penalties for non-compliance. Let SBS help today.


ERISA Wrap Plan Services (FSA)

ERISA requires all private sector employers, regardless of size, to distribute a summary plan description, (SPD) to all plan participants. The SPD must describe all of the plan rules and benefits; as well as provide key information about the plan. (For example, the plan number, Employer’s Tax ID, Name and address of the plan’s legal agent, etc…)

Insurance companies provide a booklet or certificate that explains the benefits. However, most booklets/certificates do not comply with the ERISA requirements applicable to SPDs. The easiest way for employers to comply with ERISA is to adopt a Wrap document.

A Wrap document is a relatively simple document that “wraps” around the insurance policy or coverage certificate/booklet. The benefits available under the plan continue to be governed by the insurance policy or coverage certificate/booklet, while the wrap document supplements with the information necessary to comply with ERISA.

Wrap documents may also be used by employers to consolidate employee welfare benefit plans into a single plan, commonly referred to as an “umbrella” or “mega-wrap” plan. Consolidating employee welfare benefit plans into a single plan could reduce the costs associated with filing multiple annual reports, distributing multiple summary annual reports, and amending multiple plans in response to legislative or regulatory changes.

Keep your plan documents in compliance with ERISA Wrap Plan Service by SBS.