Polycomp provides administrative services to various associations, including some
of the largest construction trade associations in the United States. We help associations
provide competitive benefits such as, Health & Welfare, Pensions, and Craft
Trade Training to participating employees by establishing Trust Funds.
Our Services
Polycomp performs all administrative functions required to operate any Trust
sponsored by the Association, such as Health & Welfare, Pension, and Apprenticeship/Training
Trusts. Some of the services we offer are as follows:
- Polycomp provides a trained staff of Trust Administrators to perform the Third Party
Administration and respond to inquiries from participating employers, employees,
Trustees and other Trust consultants.
- Polycomp collects all revenue for the Trust and pays all Trust expenses. We provide
accounting and financial statements to the Trustees on a monthly and annual basis.
We assist in supplying financial information required by the U.S. Department of
Labor and the Internal Revenue Service.
- Polycomp creates benefit eligibility reports for participating employers, along
with “Hour Bank” information reports for employees; this program is
exclusive to Polycomp.
- Polycomp verifies the accuracy of employers’ contributions and provides collection
procedures for employers with delinquencies as adopted by the Trustees.
- Polycomp coordinates and implements any payroll audit procedure adopted by the Trustees.
- Polycomp provides COBRA administrative services and implements continuation coverage
procedures adopted by the Trustees.
Our priority at Polycomp is to provide quality administrative services, tailored
to the specific needs of each Trust. Our goal is ensuring all Associations, Trustees,
Employers, and Employees feel confident about the day-to-day operation of the Trust
and the individual employee’s benefits.
Contact us today
to find out why our reliability and accessibility makes us so popular with our clients.
We look forward to working with you.
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