Health & Welfare Fund Administration
Amalgamated Employee Benefits Administrators prides itself on its excellence in Health & Welfare Fund Administration. With a focus on fiscal prudence, due diligence and a fund’s fiduciary responsibility, Amalgamated offers a total solution that encompasses:
- Maintaining records of participant benefits, eligibility and payment history
- Maintaining full financial records
- Assisting with annual audits
- Distribution of Summary Annual Reports
- Trustee meeting attendance and reporting
- Assistance in the preparation of government filings
- Administering fiduciary liability and fidelity bond insurance
- Managing all billing and collections (i.e., billing, collection, reconciliation of monthly employer contributions; data maintenance at the participant and employer level, delinquency and standard reporting)
- Handling member inquiries (i.e., eligibility, plan benefits/coverage, claims status, ID cards, appeals, COBRA, premiums)
- General administration, coordination and communications with other plan professionals (i.e., broker, accountant, auditor, attorney, actuary, benefit consultant)
- Managing appeals (i.e., documentation, presentation, recommendations, receipt of final determination, communication of resolution)
- Maintaining records (i.e., plan documents and amendments, SPDs/SMMs/benefit overviews, trustee meeting minutes, trust agreements, rate/fee adjustments)
