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Employee Benefits

HRPyramid features and functionality

Global group benefit plans with client-level definable rules and rate groups
Benefit rules define employee eligibility and contribution (deduction) amounts
Unique benefit rules may be created at different employee levels
Automatically calculates retroactive benefit billing and deductions owed when employee coverage back-dated—adjustable by the user
Handles benefits plans that require pre-payments
Enrollment in group benefit plans is voluntary and automatic
Any creation, amendment, or deletion of an employee group plan enrollment record automatically updates the associated deduction in the Payroll module
Any change to the employee contribution amount on the Benefit Rules record will automatically update the employee’s enrollment record as well as the Payroll deduction record of each individual who carries this benefit coverage
COBRA processing including transaction record entry and notification tracking
Workers Compensation case administration
Various benefit reports including census reports
Supports flexible benefits plan administration
Supports reimbursement accounts for medical /child care expenses

Accurately administers paid time off plans according to company-specific parameters
System automatically accrues and adjusts paid time off registers during payroll process
Adjustments can be made to the absence hours register, accrued and taken
An unlimited number of paid absence benefit plans may be defined
Flexible set-up parameters
Employee Absence Register: tracks hours accrued, taken or carried over from a previous year
The accrual year can be anniversary or fiscal
The Employee Absence Journal Detail maintains a running history of absences

Tracks the amounts committed, funded and reimbursed to the employee’s flexible spending account
Keeps a running history of each transaction affecting the employee’s flexible spending account
Calculates the amount of deduction based on the committed amount and the funding cycle
Recalculates the contribution amount every pay period -- override also available
Updates the funded and reimbursed fields balance amounts during payroll processing
Scheduled Reimbursement: a reimbursement entry automatically schedules a payment to the employee for the employee’s next payroll period
Plans separated by year